Building Details

Building Size 1,878 SF

Year Built 1955

Units 3

Listed By: Bounlong Nay

Source: Elliman

Added: Sep 9 Changed: Oct 20 Last Checked: Oct 24 at 5:07PM

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Investment Insights

Based on property information with market context.

This triplex includes two separate dwellings on a lot measuring over 27,000 square feet. One dwelling is a two-bedroom, one-bathroom single-family residence. The second dwelling is a duplex with a shared wall, consisting of one two-bedroom, one-bathroom unit and one one-bedroom, one-bathroom unit.

Built in 1955, the property is fully occupied. The location has a Walk Score of 22, classified as Car-Dependent, and a Bike Score of 23, classified as Somewhat Bikeable. The property is located at 50054 Main in Cabazon, California.

Key Highlights

• Three‑unit property with two separate dwellings
• Over 27,000‑square‑foot lot
• Unit mix includes two 2‑bedroom/1‑bathroom units and one 1‑bedroom/1‑bathroom unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,996

Cap Rate

5.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$659,920 $659.9K

Cap Rate 7%

$471,371 $471.4K

Cap Rate 9%

$366,622 $366.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,878 SF

Gross rent

$48.0K $25.56/SF

− Vacancy

−$864 −$0.46/SF

EGI

$47.1K $25.10/SF

− OpEx

−$14.1K −$7.53/SF

NOI

$33.0K $17.57/SF

Area

Riverside County, CA

Vacancy

1.80%

Lease Rate

$25.56 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$659,920

Cap Rate 7%

$471,371

Cap Rate 9%

$366,622

Alternative Uses

Best Use

Multifamily LT 5

$471.4K

$412.5K – $549.9K (±1% cap)

NOI $32,996 @ 7.0% cap · market cap 5.51%

Second Best

Apartment 5plus

$434.3K

$380.0K – $506.6K (±1% cap)

NOI $30,398 @ 7.0% cap · market cap 5.07%

Theoretical Best

Office A

$562.6K

$492.3K – $656.4K (±1% cap)

NOI $39,383 @ 7.0% cap · market cap 6.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

3

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

73

Businesses Nearby

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Demographics for 92230, CA

2,650

Population

926

Households

2.9

Avg Household Size

36

Median Age

12%

College-Educated

77%

High-School Grad

11.7 sq mi

ZIP Area

226

Density / Sq Mi

$90,068

Median Household Income

$42,280

Median Earnings

$1,524

Median Rent

$260,100

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Triplex - Three-unit residential property with full occupancy across two separate structures.

Where is this triplex located?

The property is located at 50054 Main Cabazon, CA.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Three‑unit property with two separate dwellings; Over 27,000‑square‑foot lot; Unit mix includes two 2‑bedroom/1‑bathroom units and one 1‑bedroom/1‑bathroom unit