Triplex with Fenced
For Sale
$415,000
6401 Lynch Canyon Dr, Lake Isabella, CA 93240
Three separately metered residences, each with a private yard, garage, and fireplace.
Property Size2,818 SF
Price / SF$147.27
Days on Market19
Property Features for 6401 Lynch Canyon Dr
General Information
Standard status
Active
Size
2,818 SF
Property subtype
Residential Income
Listing Agency:
eXp Realty of Southern California, Inc
(714) 349-2649
Listed By:
Shawna Lea Corsi
(714) 349-2649
Source:
Exprealty
Added: Aug 12
Changed: Aug 29
Last Checked: Aug 29 at 1:49PM
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 eXp Realty of Southern California, Inc
Investment Insights
Based on property information with market context.
This triplex contains three separate residences with a practical unit mix: the front home has 3 bedrooms and 2 baths, while the two rear homes each provide 2 bedrooms and 1 bath. Every unit includes its own fenced yard, garage, fireplace, and separate utility meters. The property sits on an approximately 9,147-square-foot lot and offers established rental use with distinct living spaces for multiple occupants.
Located in Mountain Mesa near Lake Isabella, the property is positioned close to lake recreation and the surrounding mountain setting. Its three-unit configuration and independently metered residences provide a straightforward format for residential income use or owner occupancy combined with additional units.
Located in Mountain Mesa near Lake Isabella, the property is positioned close to lake recreation and the surrounding mountain setting. Its three-unit configuration and independently metered residences provide a straightforward format for residential income use or owner occupancy combined with additional units.
Key Highlights
- Three separate residential units on an approximately 9,147 sq. ft. lot
- Front unit includes 3 bedrooms and 2 baths
- Two rear units each offer 2 bedrooms and 1 bath
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
$35,174
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
8.48%
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%
$703,480
$703.5K
Cap Rate 7%
$502,486
$502.5K
Cap Rate 9%
$390,822
$390.8K
Market Conditions
NOI Build-Up for 2,818 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
$51.7K $18.36/SF
− Vacancy
−$1.5K −$0.53/SF
EGI
$50.2K $17.83/SF
− OpEx
−$15.1K −$5.35/SF
NOI
$35.2K $12.48/SF
Area
Kern County, CA
Vacancy
2.88%
Lease Rate
$18.36 /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%
$703,480
Cap Rate 7%
$502,486
Cap Rate 9%
$390,822
Alternative Uses
Best Use
Multifamily LT 5
$502.5K
$439.7K – $586.2K
NOI $35,174 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,463 @ 7.0% cap · market cap 7.82%
Theoretical Best
Warehouse
$602.0K
$526.8K – $702.3K
NOI $42,140 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 93240, CA
5,691
Population
3,319
Households
1.7
Avg Household Size
50
Median Age
10%
College-Educated
91%
High-School Grad
58.0 sq mi
ZIP Area
98
Density / Sq Mi
$28,535
Median Household Income
$30,898
Median Earnings
$1,129
Median Rent
$203,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered residences, each with a private yard, garage, and fireplace.
Where is this triplex located?
The property is located at 6401 Lynch Canyon Dr Lake Isabella, CA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Three separate residential units on an approximately 9,147 sq. ft. lot; Front unit includes 3 bedrooms and 2 baths; Two rear units each offer 2 bedrooms and 1 bath
