Two-Home Residential Income
6894 La Helena Drive Lucerne, CA 95458
6894 La Helena Drive, Lucerne, CA, 95458
$130,000
For Sale
$130,000
Two homes sit on one fenced property, with a carport and a need for some repairs.
Property Size1,440 SF
Price / SF$90.28
Days on Market9
Property Features for 6894 La Helena Drive
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Manufactured In Park
Building Details
- Year Built
- 1984
Listing agency
RE/MAX Gold Lake County
(707) 262-2435
Listed by
Hazel Wayman · License #01827640
(707) 262-2435
Source
Compass
Added: Jul 13 Updated: Jul 21 at 5:43PM Checked: Jul 21 at 5:43PM
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 RE/MAX Gold Lake County
Investment Insights
Based on property information with market context.
This residential income property includes two separate homes on one fenced lot. The front home offers 3 bedrooms and 2 bathrooms, and the back home contains 2 bedrooms and 1 bathroom. A carport is also included. The homes are in need of some work, presenting an opportunity for buyers to update and personalize the units.
Both homes are located on the same fenced property at 6894 La Helena Drive in Lucerne, CA 95458.
The configuration provides a duplex-style layout with a larger primary unit and a second, smaller back house, supporting straightforward day-to-day separation between the two residences.
Both homes are located on the same fenced property at 6894 La Helena Drive in Lucerne, CA 95458.
The configuration provides a duplex-style layout with a larger primary unit and a second, smaller back house, supporting straightforward day-to-day separation between the two residences.
Key Highlights
- Two homes on one fenced‑in property
- Front home: 3 bed, 2 bath (Year built 1984)
- Back house: 2 bed, 1 bath
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.8k | $15.12 |
| − Vacancy | −$1.1k | −$0.76 |
| EGI | $20.7k | $14.36 |
| − OpEx | −$9.3k | −$6.46 |
| NOI | $11.4k | $7.90 |
1,440 SF · lease $15.12/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$176.1K
$154.1K – $205.5K
NOI $12,328 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$162.5K
$142.2K – $189.6K
NOI $11,376 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$578.0K
$505.7K – $674.3K
NOI $40,457 @ 7.0% cap · market cap 31.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two homes sit on one fenced property, with a carport and a need for some repairs.
Where is this duplex located?
The property is located at 6894 La Helena Drive Lucerne, CA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two homes on one fenced‑in property; Front home: 3 bed, 2 bath (Year built 1984); Back house: 2 bed, 1 bath
