40041 Dutton Cherry Valley, CA $ 650,000
40041 Dutton
$ 650,000
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40041 Dutton

Cherry Valley, CA, 92223
$ 650,000
Baths1.0 Sq 2,881

Monthly Estimate*

$ 4,104

Listed by PROSPERITY REAL ESTATE & ASSOC
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Studio

Multi-Family Home for sale in Cherry Valley, CA

for $650,000 with 1 full bath. This 2,881 square foot home was built in 1915 on a lot size of 0.61.

TWO HOMES. ONE LOT. INCOME-PRODUCING PROPERTY. Welcome to a rare Cherry Valley opportunity offering two detached residences on one spacious lot, perfect for multigenerational living, extended family, or buyers looking to create rental income at a 7% cap rate or higher. The main home offers approximately 1,781 sq. ft. with 3 bedrooms, 1 bathroom, a spacious living area, a large kitchen with breakfast bar, dedicated laundry room, and a circular driveway with plenty of parking. The main residence also enjoys its own spacious, fully fenced backyard, providing added privacy and plenty of room to relax, entertain, garden, or create your own outdoor retreat. The second residence offers approximately 1,100 sq. ft., 1 bedroom and 1 bathroom, and was beautifully updated in 2024 with modern wood-look flooring, recessed lighting, mini-split climate control, and a stylish kitchen featuring green cabinetry, butcher-block-style countertops, open shelving, and stainless-steel appliances. And then there's the land. The expansive backyard is a blank canvas with room for RVs, boats, recreational toys, a future pool, workshop, garden, outdoor entertaining area, or additional possibilities subject to zoning and permits. Conveniently located near schools, parks, shopping, dining, medical services, and easy access to the I-10 Freeway, connecting you to Beaumont, Banning, the Inland Empire, and the Palm Springs area. Live in one. Rent the other. Bring the family. Bring the toys. Bring your vision. This is the kind of property that gives you options and opportunities like this don't come around often. WELCOME TO YOUR NEW HOME!

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Multi-Family Active

Price

$ 650,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.61

Year Built

1915

Town/City

Cherry Valley

County/Region

Riverside

MLS | Web ID

CV26185403

Days on Market

17

Features
General
Sewer Septic Type Unknown
Heating Central
Garage Spaces 0
Pool Features None
Year Built 1915
Stories Count 1
Levels One
Property Subtype Single Family Residence
Gross Income 60000
Community Features Foothills Street Lights
County Riverside
Net Operating Income 55332.12
Operating Expense 4667.88
Insurance Expense 2400
New Construction false
Property Type Residential Income
Subdivision Name Cherry Valley
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Take I-10 E to Cherry Valley Blvd. Turn left on Cherry Valley Blvd left on Noble St then right on Dutton St. Property is located at 40041 Dutton St.
City Cherry Valley
Entry Location front
Senior Community Y/N false
Number Of Units Total 2
MLS Area 263 - Banning/Beaumont/Cherry Valley
Lot Size Units Square Feet
Lot Size Square Feet 26572
Listing Terms Cash Cash to New Loan Conventional FHA USDA Loan VA Loan
Property Attached Y/N false
Land Lease Y/N false
Trash Expense 467.88
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 2
Property Sub Type Additional Single Family Residence
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Interior
Total Stories 1
Common Walls No Common Walls
Heating Y/N true
Laundry Features Laundry Room
Entry Level 1
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Exterior
Lot Features 0-1 Unit/Acre Agricultural Back Yard Horse Property
Water Source Public
Total Parking 0
Lot Size Area 26572
Number of Buildings 2
Building Area Total 2881
Lot Size Acres 0.61
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Horse Y/N true
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* Excluded Features
List By
Prosperity Real Estate & Assoc

Broker

offers@prosperityrea.net

Email

Affordability Calculator

$4,104
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Monthly Principal & Interest
$4,104
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/26/2026$650,000 Listed Price

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40041 Dutton, Cherry Valley, CA, 92223 is a Multi-Family Home for sale at $650,000 with 2,881 sqft and a lot size of 0.61. 40041 Dutton is a studio with 1.0 baths and was built in 1915. The property's zip code is 92223 which is in Cherry Valley, CA