Remodeled Duplex with Detached
New
For Sale
$995,000
7953-55 Lansing Dr, Lemon Grove, CA 91945
Residential Income, Lemon Grove, CA
Property Size2,200 SF
Lot Size0.21 Acres
Price / SF$452.27
Days on Market2
Property Features for 7953-55 Lansing Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2:MINOR
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 3
Subdivision
LEMON GROVE
Standard status
Active
APN
577-271-05-00
Size
2,200 SF
Lot size
0.21 Acres
Utilities
Heating system
Gravity
Amenities
fireplace
separate laundry facilities
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
New Leaf Realty
(619) 736-1000
Listed By:
John M Lieber · License #01825624
(619) 922-1000
Added: Aug 20
Last Checked: Aug 21 at 7:06AM
MLS# 260020524
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex includes two detached residences totaling 2,200 square feet on a 0.2133-acre lot. The primary home provides approximately 1,650 square feet of single-level space with four bedrooms and two bathrooms. Its remodeled interior features an updated kitchen with white cabinetry and quartz counters, an open connection between the living and family rooms, a fireplace, luxury vinyl plank flooring, and dual-pane windows. The second residence contains approximately 550 square feet with two bedrooms, one bathroom, a refreshed kitchen, and its own backyard. Each home has separate laundry facilities and private exterior space.
A detached garage serves the property, with composition roofing installed on both residences and the garage. The property was built in 1950 and is designated R-2:MINOR zoning. Located in Lemon Grove, the duplex is identified by the address 7953-55 Lansing Dr, Lemon Grove, CA 91945.
A detached garage serves the property, with composition roofing installed on both residences and the garage. The property was built in 1950 and is designated R-2:MINOR zoning. Located in Lemon Grove, the duplex is identified by the address 7953-55 Lansing Dr, Lemon Grove, CA 91945.
Key Highlights
- Two detached residences totaling 2,200 square feet
- Primary home offers approximately 1,650 square feet, 4 bedrooms, and 2 bathrooms
- Second residence provides approximately 550 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
$39,418
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
3.96%
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%
$788,360
$788.4K
Cap Rate 7%
$563,114
$563.1K
Cap Rate 9%
$437,978
$438.0K
Market Conditions
NOI Build-Up for 2,200 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
$59.4K $27.00/SF
− Vacancy
−$3.1K −$1.40/SF
EGI
$56.3K $25.60/SF
− OpEx
−$16.9K −$7.68/SF
NOI
$39.4K $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%
$788,360
Cap Rate 7%
$563,114
Cap Rate 9%
$437,978
Alternative Uses
Best Use
Multifamily LT 5
$563.1K
$492.7K – $657.0K
NOI $39,418 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$522.2K
$456.9K – $609.2K
NOI $36,554 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$1.01M
$882.0K – $1.18M
NOI $70,558 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
259
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 separate residences offer flexible living arrangements, private outdoor areas, and independent laundry facilities.
Where is this duplex located?
The property is located at 7953-55 Lansing Dr Lemon Grove, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two detached residences totaling 2,200 square feet; Primary home offers approximately 1,650 square feet, 4 bedrooms, and 2 bathrooms; Second residence provides approximately 550 square feet, 2 bedrooms, and 1 bathroom
