Duplex with Rebuilt
For Sale
Under Contract
$1,325,000
Valley View DR, Corralitos, CA 95076
MULTI_FAMILY - CORRALITOS, CA
Property Size2,634 SF
Lot Size8.00 Acres
Price / SF$503.04
Days on Market26
Property Features for Valley View DR
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Bedrooms
5
Rooms
Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3
Parking
8
Parking features
Oversize
Interior features
High Ceiling
Lot features
Farm Animals ( Permitted), Grade - Gently Sloped, Grade - Varies, Views
View
Valley, City, Ocean
Subdivision
Amesti / Green Valley Road
Standard status
Active Under Contract
Size
2,634 SF
Lot size
8.00 Acres
Utilities
Utilities
Propane
Heating system
Wood
Water source
Well
Building Details
Year built
1966
Flooring type
Carpet, Hardwood
Building materials
Wood Frame
Roof type
Composition
Architectural style
Other, Victorian
Listing Agency:
Bailey Properties
(831) 688-7434
Listed By:
Katy King · License #01060879
(831) 247-6614
Added: Jul 9
Changed: Aug 2
Last Checked: Aug 3 at 3:06AM
MLS# ML82031355
Copyright © 2026 MLS Listings, 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.
Duplex property featuring two separate homes on the same parcel. The original residence was built in 1900 and offers three bedrooms and one bath, with fir floors, built-ins, high ceilings, and a front porch. Flooring includes carpet and hardwood, and the home has wood heating. An additional home on a more private spot was built in 1962 and features two bedrooms and one bath with a U-shaped floorplan that wraps around a private patio, along with a huge deck and fenced garden areas. The second home also includes a fireplace in the living room, new carpet, a large laundry room, and a garage.
A completely rebuilt barn anchors the property, with additional sheds and storage areas for flexible use. The parcel is listed with two addresses: 46 and 48. Zoning is RA. Utilities include propane service and a well water source.
Construction is wood frame with a composition roof, and parking includes oversize parking.
A completely rebuilt barn anchors the property, with additional sheds and storage areas for flexible use. The parcel is listed with two addresses: 46 and 48. Zoning is RA. Utilities include propane service and a well water source.
Construction is wood frame with a composition roof, and parking includes oversize parking.
Key Highlights
- Two residences listed under addresses 46 and 48
- 8‑acre duplex property with original home built in 1900 and second home built in 1962
- Rebuilt barn plus multiple sheds and storage areas
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.5k | $40.80 |
| − Vacancy | −$2.6k | −$0.97 |
| EGI | $104.9k | $39.83 |
| − OpEx | −$31.5k | −$11.95 |
| NOI | $73.4k | $27.88 |
2,634 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$918.0K – $1.22M
NOI $73,437 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$968.6K
$847.5K – $1.13M
NOI $67,799 @ 7.0% cap · market cap 5.12%
Theoretical Best
Retail
$1.51M
$1.32M – $1.76M
NOI $105,428 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 95076, CA
84,433
Population
26,488
Households
3.2
Avg Household Size
35
Median Age
19%
College-Educated
72%
High-School Grad
135.1 sq mi
ZIP Area
625
Density / Sq Mi
$86,685
Median Household Income
$36,077
Median Earnings
$1,851
Median Rent
$767,200
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 - Duplex property with two residences on well water and propane service, plus oversize parking and a rebuilt barn with storage.
Where is this duplex located?
The property is located at Valley View DR Corralitos, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Two residences listed under addresses 46 and 48; 8‑acre duplex property with original home built in 1900 and second home built in 1962; Rebuilt barn plus multiple sheds and storage areas
