Two-Unit Duplex with
For Sale
Contact for pricing
7936-38 Lansing Dr, Lemon Grove, CA 91945
Two separately addressed units offer distinct layouts, private outdoor space, and shared utility metering.
Property Size1,510 SF
Price / SF$576.16
Days on Market160
Property Features for 7936-38 Lansing Dr
General Information
Standard status
Active
Size
1,510 SF
Total Parking Spaces
2
Property subtype
Multifamily
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1953
Buildings
1
Units
2
Listing Agency:
Negar Mirgoli, Broker
Listed By:
Negar Mirgoli · License #01219097
Source:
Crexi
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 31 at 10:10AM
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 Negar Mirgoli, Broker
Investment Insights
Based on property information with market context.
Located at 7936-38 Lansing Dr in Lemon Grove, this 1,510 SF duplex includes a two-bedroom, one-bath front residence and a one-bedroom, one-bath rear unit. The property was built in 1953 and includes two separate addresses while sharing a single gas, electric, and water meter. A leased solar system serves the property.
The front unit features an open kitchen and living arrangement, updated kitchen and bathroom finishes, an island, gas range, attached two-car garage, whole-house water filtration, central air conditioning and heat, and a covered front porch. The rear unit has fresh paint, new flooring, an apartment-size kitchen, washer and dryer hookups, a wall heater, and a large private yard. The rear residence does not have air conditioning.
The front unit features an open kitchen and living arrangement, updated kitchen and bathroom finishes, an island, gas range, attached two-car garage, whole-house water filtration, central air conditioning and heat, and a covered front porch. The rear unit has fresh paint, new flooring, an apartment-size kitchen, washer and dryer hookups, a wall heater, and a large private yard. The rear residence does not have air conditioning.
Key Highlights
- 1,510 SF duplex built in 1953
- Front unit: 2/1 with attached two car garage and central AC and heater
- Rear unit: 1/1 with large private yard and in‑unit washer/dryer hookups
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
$27,055
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
3.11%
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%
$541,100
$541.1K
Cap Rate 7%
$386,500
$386.5K
Cap Rate 9%
$300,611
$300.6K
Market Conditions
NOI Build-Up for 1,510 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
$40.8K $27.00/SF
− Vacancy
−$2.1K −$1.40/SF
EGI
$38.6K $25.60/SF
− OpEx
−$11.6K −$7.68/SF
NOI
$27.1K $17.92/SF
Area
San Diego County, CA
Vacancy
5.20%
Lease Rate
$27.00 /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%
$541,100
Cap Rate 7%
$386,500
Cap Rate 9%
$300,611
Alternative Uses
Best Use
Multifamily LT 5
$386.5K
$338.2K – $450.9K
NOI $27,055 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$358.4K
$313.6K – $418.2K
NOI $25,089 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$691.8K
$605.4K – $807.1K
NOI $48,428 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 91945, CA
27,814
Population
9,715
Households
2.9
Avg Household Size
38
Median Age
20%
College-Educated
89%
High-School Grad
4.0 sq mi
ZIP Area
6,954
Density / Sq Mi
$79,381
Median Household Income
$41,727
Median Earnings
$1,769
Median Rent
$640,500
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?
Duplex - Two separately addressed units offer distinct layouts, private outdoor space, and shared utility metering.
Where is this duplex located?
The property is located at 7936-38 Lansing Dr Lemon Grove, CA.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: 1,510 SF duplex built in 1953; Front unit: 2/1 with attached two car garage and central AC and heater; Rear unit: 1/1 with large private yard and in‑unit washer/dryer hookups
