Duplex with Fenced
For Sale
$435,000
815 Quail Drive, Lake Elsinore, CA 92530
Lake Elsinore, CA
Property Size1,251 SF
Lot Size0.07 Acres
Price / SF$347.72
Days on Market101
Property Features for 815 Quail Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Kitchen, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Laundry Room
Parking
2
Parking features
Garage
Appliances
Microwave
Lot features
Desert Front
Elementary school
Machado
Middle school
Terra Cotta
High school
Lakeside
Elementary school district
Lake Elsinore Unified
Middle school district
Lake Elsinore Unified
High school district
Lake Elsinore Unified
Directions
Head toward Robin Dr. Turn right onto Robin Dr. Turn left onto Linnet Dr. Linnet Dr turns right and becomes Quail Dr
Subdivision
SRCAR - Southwest Riverside County
Standard status
Active
APN
379173049
Size
1,251 SF
Lot size
0.07 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
stainless steel appliances
patio
fuly fenced backyard
Building Details
Year built
1979
Floors in Building
2
Number of units
1
Building materials
Stucco
Roof type
Asphalt, Shingle
Listing Agency:
OPENDOOR BROKERAGE INC.
(480) 462-5392
Listed By:
LISA SOLTESZ · License #02280080
(480) 462-5392
Added: May 14
Changed: Aug 20
Last Checked: Aug 22 at 6:06AM
MLS# IV26105957
Copyright © 2026 California Regional Multiple Listing Service, Inc. 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 at 815 Quail Drive offers 1251 square feet with three bedrooms, two bathrooms, a kitchen, and a laundry room. The interior includes stainless steel appliances, while central natural gas heating and electric central air provide the primary climate systems. Stucco construction, an asphalt shingle roof, and garage parking are also part of the property’s configuration.
The parcel encompasses 0.07 acres in Lake Elsinore, California, with public water and public sewer service. Outdoor features include a patio and a fully fenced backyard. Built in 1979, the property also includes a 100-Day Home Warranty with buyer activation.
The parcel encompasses 0.07 acres in Lake Elsinore, California, with public water and public sewer service. Outdoor features include a patio and a fully fenced backyard. Built in 1979, the property also includes a 100-Day Home Warranty with buyer activation.
Key Highlights
- Duplex with 1251 SF of building area
- Three bedrooms and two bathrooms
- 0.07‑acre parcel in Lake Elsinore
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
$21,980
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
5.05%
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%
$439,600
$439.6K
Cap Rate 7%
$314,000
$314.0K
Cap Rate 9%
$244,222
$244.2K
Market Conditions
NOI Build-Up for 1,251 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
$32.0K $25.56/SF
− Vacancy
−$576 −$0.46/SF
EGI
$31.4K $25.10/SF
− OpEx
−$9.4K −$7.53/SF
NOI
$22.0K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /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%
$439,600
Cap Rate 7%
$314,000
Cap Rate 9%
$244,222
Alternative Uses
Best Use
Multifamily LT 5
$314.0K
$274.8K – $366.3K
NOI $21,980 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$289.3K
$253.1K – $337.5K
NOI $20,249 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$374.8K
$327.9K – $437.2K
NOI $26,234 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 92530, CA
59,098
Population
18,502
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
77.1 sq mi
ZIP Area
767
Density / Sq Mi
$84,799
Median Household Income
$41,138
Median Earnings
$1,705
Median Rent
$467,400
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?
Duplex - Three-bedroom layout with two bathrooms, central heating and cooling, and a patio opening to enclosed outdoor space.
Where is this duplex located?
The property is located at 815 Quail Drive Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Duplex with 1251 SF of building area; Three bedrooms and two bathrooms; 0.07‑acre parcel in Lake Elsinore
