Duplex With Two 2-Bed
For Sale
$725,000
8928 Date, Fontana, CA 92335
Well-maintained duplex with two 2-bedroom, 1-bath units, each with a one-car garage and additional on-site parking.
Property Size1,600 SF
Lot Size0.18 Acres
Days on Market45
Property Features for 8928 Date
General Information
Standard status
Active
Size
1,600 SF
Lot size
0.18 Acres
Property subtype
Duplex
Building Details
Building Size
1,600 SF
Year Built
1963
Tenancy
Multi
Listing Agency:
CENTURY 21 PRIMETIME REALTORS
Listed By:
ROSARIO MEDINA · License #01321640
Source:
Camdenmckayre
Added: Jul 21
Changed: Aug 27
Last Checked: Sep 1 at 11:28PM
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 CENTURY 21 PRIMETIME REALTORS
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units, each with two bedrooms and one bathroom. The property sits on a 7,800 sq ft lot and includes a one-car garage for each unit, plus additional parking inside the property.
Recent upgrades include a newer roof installed about a year and a half ago, fresh interior paint, and updated flooring. The owner unit has been updated with two mini splits.
Built in 1963, the layout is straightforward for both investors and owner-occupants looking to live in one unit while renting the other. On-site parking is supported by the included garages and additional space within the property.
Recent upgrades include a newer roof installed about a year and a half ago, fresh interior paint, and updated flooring. The owner unit has been updated with two mini splits.
Built in 1963, the layout is straightforward for both investors and owner-occupants looking to live in one unit while renting the other. On-site parking is supported by the included garages and additional space within the property.
Key Highlights
- Two 2‑bedroom, 1‑bath units in a duplex setup
- 7,800 sq ft lot with parking inside the property
- One‑car garage for each unit plus additional on‑site parking
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
$23,566
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
3.25%
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%
$471,320
$471.3K
Cap Rate 7%
$336,657
$336.7K
Cap Rate 9%
$261,844
$261.8K
Market Conditions
NOI Build-Up for 1,600 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
$35.5K $22.20/SF
− Vacancy
−$1.9K −$1.16/SF
EGI
$33.7K $21.04/SF
− OpEx
−$10.1K −$6.31/SF
NOI
$23.6K $14.73/SF
Area
Fontana, CA
Vacancy
5.22%
Lease Rate
$22.20 /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%
$471,320
Cap Rate 7%
$336,657
Cap Rate 9%
$261,844
Alternative Uses
Best Use
Multifamily LT 5
$336.7K
$294.6K – $392.8K
NOI $23,566 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$309.4K
$270.7K – $360.9K
NOI $21,655 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$465.6K
$407.4K – $543.2K
NOI $32,590 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
Explore this area
Business Placement
Demographics for 92335, CA
96,605
Population
25,861
Households
3.7
Avg Household Size
31
Median Age
10%
College-Educated
67%
High-School Grad
17.5 sq mi
ZIP Area
5,520
Density / Sq Mi
$75,198
Median Household Income
$35,912
Median Earnings
$1,636
Median Rent
$433,600
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 - Well-maintained duplex with two 2-bedroom, 1-bath units, each with a one-car garage and additional on-site parking.
Where is this duplex located?
The property is located at 8928 Date Fontana, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units in a duplex setup; 7,800 sq ft lot with parking inside the property; One‑car garage for each unit plus additional on‑site parking
