Duplex with Detached
For Sale
$975,000
5571 Central Ave, Riverside, CA 92504
Two residences share one parcel, with permitted remodeling, private ADU access, paid-off solar, and fire sprinkler systems.
Property Size2,129 SF
Days on Market73
Property Features for 5571 Central Ave
General Information
Standard status
Active
Size
2,129 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Sprinkler System
Yes
Amenities
solar system
private entrance
Building Details
Building Size
2,129 SF
Year Built
1953
Buildings
2
Stories
1
Units
1
Listing Agency:
Cyril Financial Group
(714) 395-0524
Listed By:
Armando G De La Torre · License #01384565
(714) 395-0524
Source:
Elliman
Added: Jun 21
Changed: Aug 31
Last Checked: Aug 31 at 7:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cyril Financial Group
Investment Insights
Based on property information with market context.
This Riverside duplex property includes two separate residences on one parcel. The primary home spans approximately 1,423 square feet with three bedrooms, two bathrooms, and an open-concept interior. It has been fully rebuilt and remodeled with permits, incorporating updated finishes and abundant natural light. A detached ADU completed in 2026 adds approximately 852 square feet, with two bedrooms, one bathroom, and its own entrance.
The property includes a fully paid-off solar system and fire sprinkler protection in both residences. The separate ADU configuration supports extended household use, guest accommodations, or rental income, while the two-home layout provides flexibility for owner-occupants and residential income buyers. The address is near shopping, dining, schools, and parks, with a Walk Score of 28, a Bike Score of 54, and a Transit Score of 25.
The property includes a fully paid-off solar system and fire sprinkler protection in both residences. The separate ADU configuration supports extended household use, guest accommodations, or rental income, while the two-home layout provides flexibility for owner-occupants and residential income buyers. The address is near shopping, dining, schools, and parks, with a Walk Score of 28, a Bike Score of 54, and a Transit Score of 25.
Key Highlights
- Two homes on one lot in Riverside
- Primary residence offers approximately 1,423 square feet with 3 bedrooms and 2 bathrooms
- Detached ADU completed in 2026 with approximately 852 square feet, 2 bedrooms, and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,596
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$631,920
$631.9K
Cap Rate 7%
$451,371
$451.4K
Cap Rate 9%
$351,067
$351.1K
Market Conditions
NOI Build-Up for 2,129 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.3K $22.20/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$45.1K $21.20/SF
− OpEx
−$13.5K −$6.36/SF
NOI
$31.6K $14.84/SF
Area
ZIP 92504
Vacancy
4.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$631,920
Cap Rate 7%
$451,371
Cap Rate 9%
$351,067
Alternative Uses
Best Use
Multifamily LT 5
$451.4K
$395.0K – $526.6K
NOI $31,596 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$403.8K
$353.4K – $471.2K
NOI $28,269 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$729.6K
$638.4K – $851.3K
NOI $51,075 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 92504, CA
54,642
Population
17,038
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
82%
High-School Grad
22.7 sq mi
ZIP Area
2,407
Density / Sq Mi
$88,168
Median Household Income
$39,539
Median Earnings
$1,758
Median Rent
$501,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences share one parcel, with permitted remodeling, private ADU access, paid-off solar, and fire sprinkler systems.
Where is this duplex located?
The property is located at 5571 Central Ave Riverside, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two homes on one lot in Riverside; Primary residence offers approximately 1,423 square feet with 3 bedrooms and 2 bathrooms; Detached ADU completed in 2026 with approximately 852 square feet, 2 bedrooms, and 1 bathroom
