Renovated Triplex with
For Sale
$680,000
56190 Papago Trail, Yucca Valley, CA 92284
Single-story rental property with consistent two-bedroom layouts, updated systems, and on-site parking in the Old Town corridor.
Property Size3,020 SF
Days on Market151
Property Features for 56190 Papago Trail
General Information
Standard status
Active
Size
3,020 SF
Property subtype
Multifamily
Units
Unit Mix
2 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
3
Additional Details
Cap Rate
5.08%
Amenities
Part of Yucca Valley Portfolio - Available Together or Separate
Fully Renovated Turnkey Triplex
Ideal 1031 Exchange Opportunity
Building Details
Building Size
3,020 SF
Year Renovated
2024
Buildings
1
Stories
1
Units
3
Listing Agency:
Orange County Office
(949) 419-3327
Listed By:
W. Michael Cavner · License #CA: 01274709
(949) 419-3327
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 7:25PM
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 Orange County Office
Investment Insights
Based on property information with market context.
56190 Papago Trail is a three-unit, single-story residential income property with a uniform two-bedroom configuration. Two residences contain one bathroom each, while the third includes two bathrooms. The property underwent comprehensive renovations in 2023 and 2024, including updates to its systems and interior improvements.
Three garage spaces and additional on-site parking serve the units. The property is situated within the walkable Old Town corridor of Yucca Valley, providing a compact multifamily format with consistent layouts and recently completed improvements. The triplex may also be acquired with another renovated triplex at 7428 Acoma Trail and four nearby RS-5-zoned residential infill parcels.
Three garage spaces and additional on-site parking serve the units. The property is situated within the walkable Old Town corridor of Yucca Valley, providing a compact multifamily format with consistent layouts and recently completed improvements. The triplex may also be acquired with another renovated triplex at 7428 Acoma Trail and four nearby RS-5-zoned residential infill parcels.
Key Highlights
- Three‑unit triplex with all units configured as two‑bedroom residences
- Two units have one bathroom; one unit has two bathrooms
- Comprehensively renovated in 2023 and 2024
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
$30,797
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
4.53%
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%
$615,940
$615.9K
Cap Rate 7%
$439,957
$440.0K
Cap Rate 9%
$342,189
$342.2K
Market Conditions
NOI Build-Up for 3,020 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
$46.7K $15.48/SF
− Vacancy
−$2.8K −$0.91/SF
EGI
$44.0K $14.57/SF
− OpEx
−$13.2K −$4.37/SF
NOI
$30.8K $10.20/SF
Area
San Bernardino County, CA
Vacancy
5.89%
Lease Rate
$15.48 /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%
$615,940
Cap Rate 7%
$439,957
Cap Rate 9%
$342,189
Alternative Uses
Best Use
Multifamily LT 5
$440.0K
$385.0K – $513.3K
NOI $30,797 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$381.9K
$334.2K – $445.6K
NOI $26,736 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$637.0K
$557.4K – $743.2K
NOI $44,592 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
Business Placement
Demographics for 92284, CA
25,931
Population
12,255
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
127.5 sq mi
ZIP Area
203
Density / Sq Mi
$52,886
Median Household Income
$36,817
Median Earnings
$1,346
Median Rent
$314,500
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?
Triplex - Single-story rental property with consistent two-bedroom layouts, updated systems, and on-site parking in the Old Town corridor.
Where is this triplex located?
The property is located at 56190 Papago Trail Yucca Valley, CA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Three‑unit triplex with all units configured as two‑bedroom residences; Two units have one bathroom; one unit has two bathrooms; Comprehensively renovated in 2023 and 2024
