Two-Home Duplex
New
For Sale
$498,800
9891 3rd Avenue, Hesperia, CA 92345
Hesperia, CA
Property Size1,768 SF
Lot Size0.21 Acres
Price / SF$282.13
Days on Market1
Property Features for 9891 3rd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Laundry Room, Bathroom 4, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Kitchen
Parking
4
Parking features
Driveway, Garage
Window features
Double Pane Windows
Interior features
Ceiling Fan(s)
Fencing
Chain Link
Appliances
Gas Range
Lot features
Level with Street, Lot 6500-9999, Front Yard
Elementary school district
Hesperia Unified
Middle school district
Hesperia Unified
High school district
Hesperia Unified
Directions
Off Hesperia and Willow
Subdivision
HSP - Hesperia
Standard status
Active
APN
0407083160000
Size
1,768 SF
Lot size
0.21 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Evaporative Cooling
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Number of units
2
Flooring type
Tile
Roof type
Shingle
Listing Agency:
Fiv Realty Co.
(951) 394-0820
Listed By:
Peter Abdelmesseh · License #02045365
(909) 635-4249
Added: Sep 22
Last Checked: Sep 22 at 9:06PM
MLS# IG26197480
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 property includes two mirrored residences sold together on an approximately 0.2066-acre lot. Combined property size is 1768 square feet, with one home vacant and the other tenant occupied. The available residence includes two bedrooms, two bathrooms, a kitchen, dining and breakfast areas, a spacious living room, ceiling fans, and sliding-door access to the backyard. Its attached two-car garage provides parking and storage. Both homes were built in 1984 and include public water and public sewer service.
The property is located in Hesperia, California, near shopping, dining, schools, and major commuter routes. The sale includes 9891 and 9895 3rd Ave, offering two separate residences within one ownership arrangement. Additional features include gas ranges, wall furnaces, evaporative cooling, chain-link fencing, shingle roofs, and driveway parking.
The property is located in Hesperia, California, near shopping, dining, schools, and major commuter routes. The sale includes 9891 and 9895 3rd Ave, offering two separate residences within one ownership arrangement. Additional features include gas ranges, wall furnaces, evaporative cooling, chain-link fencing, shingle roofs, and driveway parking.
Key Highlights
- Two mirrored homes included in one sale
- Approximately 0.2066‑acre lot
- Combined property size of 1768 square feet
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
$25,262
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
5.06%
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%
$505,240
$505.2K
Cap Rate 7%
$360,886
$360.9K
Cap Rate 9%
$280,689
$280.7K
Market Conditions
NOI Build-Up for 1,768 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
$38.2K $21.60/SF
− Vacancy
−$2.1K −$1.19/SF
EGI
$36.1K $20.41/SF
− OpEx
−$10.8K −$6.12/SF
NOI
$25.3K $14.29/SF
Area
Hesperia, CA
Vacancy
5.50%
Lease Rate
$21.60 /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%
$505,240
Cap Rate 7%
$360,886
Cap Rate 9%
$280,689
Alternative Uses
Best Use
Multifamily LT 5
$360.9K
$315.8K – $421.0K
NOI $25,262 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$331.9K
$290.4K – $387.2K
NOI $23,230 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$501.4K
$438.8K – $585.0K
NOI $35,100 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Explore this area
Business Placement
Demographics for 92345, CA
86,499
Population
27,247
Households
3.2
Avg Household Size
34
Median Age
11%
College-Educated
77%
High-School Grad
98.9 sq mi
ZIP Area
875
Density / Sq Mi
$65,949
Median Household Income
$37,235
Median Earnings
$1,499
Median Rent
$359,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Paired residences offer an owner-occupant setup with one home vacant and the other tenant occupied.
Where is this duplex located?
The property is located at 9891 3rd Avenue Hesperia, CA.
What is the asking price?
The asking price for this property is $498,800.
What are key features of this property?
This property features: Two mirrored homes included in one sale; Approximately 0.2066‑acre lot; Combined property size of 1768 square feet
