$650,000
4 bd · 2 ba · · 0.61 acre lot
40041 Dutton St, Cherry Valley, CA 92223
Multi-family · Built 1915 ·
$3,981/mo est. payment
- Stories
- 1
Flood factor 1/10
About this home
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 is a legal unit, and each unit has its own electric and gas meters. 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!
Facts and features
Bedrooms
- Bedrooms: 4
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Appliances
- Laundry Features: Individual Room
Heating and Cooling
- Heating Features: Central
- Heating: Yes
Land Info
- Additional Parcels: No
- Land Lease: No
- Lot Description: 0-1 Unit/Acre, Agricultural, Horse Property, Back Yard, Lot 20000-39999 Sqft
- Lot Size Acres: 0.61
- Lot Size Source: Assessor
- Lot Size Square Feet: 26572
Multi-Unit Info
- Number of Buildings: 2
- Number of Units: 2
- Bedrooms in Unit-1: 3
- Bedrooms in Unit-2: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-2: 1
Rental Info
- Gross Income: 60000
- Gross Scheduled Income: 60000
- Rent Control: No
Homeowners Association
- Gardener Expense: 1800
Schools
- 7
Beaumont Senior High School
high · 9-12 · 1.1 mi
- 9
Brookside Elementary School
elementary · K-5 · 1.6 mi
- 4
Mountain View Middle School
middle · 6-8 · 1.6 mi
Mountain View Academy
elementary · K-12 · 0.7 mi
- 8
Starlight Elementary
elementary · K-5 · 1.3 mi
- 6
San Gorgonio Middle School
middle · 6-8 · 1.4 mi
Price history
- Aug 26, 2026 · Listed$650,000
- Aug 26, 2026 · Listed$650,000
- Dec 15, 2025 · Listing Removed$1,999
- Jan 17, 2025 · Price Changed For Rent$1,999
- Jan 9, 2025 · Listed For Rent$2,000
- Mar 8, 2024 · Sold$530,000
- Jan 16, 2024 · Price Changed$549,999
- Jan 16, 2024 · Price Changed$549,999
Tax history
- 2025$7,070 tax · $551,410 assessed
- 2024$5,361 tax · $540,599 assessed
- 2023$5,381 tax · $400,410 assessed
- 2022$5,279 tax · $392,560 assessed
- 2021$5,178 tax · $384,864 assessed
- 2020$5,126 tax · $380,919 assessed
- 2019$5,046 tax · $373,450 assessed
- 2018$966 tax · $66,877 assessed
Home value
$638,528
- Quantarium$638,528
- Cotality$625,900
- Collateral Analytics$644,000
Where it is
Listed by FAVIOLA ARROYO · PROSPERITY REAL ESTATE & ASSOC · CRMLS