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!
For sale
Listed by: PROSPERITY REAL ESTATE & ASSOC • Faviola Nieves • Contact: 626-214-6696
$650,000
40041 Dutton St, Cherry Valley, CA 92223
4beds
2,881sqft
Single Family Residence
Built in 1915
0.61 Acres Lot
$641,100 Zestimate®
$226/sqft
$-- HOA
What's special
- 3 days
- 431
- 32
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Faviola Nieves DRE #01797680 626-214-6696,
PROSPERITY REAL ESTATE & ASSOC
Source: CRMLS,MLS#: CV26185361
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Bedroom, Laundry
Bedroom
- Features: All Bedrooms Up
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Laundry Room
Features
- All Bedrooms Up
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,881 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.61 Acres
- Features: 0-1 Unit/Acre, Agricultural, Back Yard, Horse Property
Details
- Parcel number: 402030005
- Special conditions: Standard
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Septic Type Unknown
- Water: Public
Community & HOA
Community
- Features: Foothills, Street Lights
- Subdivision: Cherry Valley
Location
- Region: Cherry Valley
Financial & listing details
- Price per square foot: $226/sqft
- Date on market: 8/26/2026
- Cumulative days on market: 4 days
- Listing terms: Cash,Cash to New Loan,Conventional,FHA,USDA Loan,VA Loan
Estimated market value
$641,100
$609,000 - $673,000
$2,906/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Listed for sale | $650,000+22.6%$226/sqft |
Source: | ||
| 1/29/2025 | Listing removed | $1,950$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/14/2025 | Listed for rent | $1,950-2.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/10/2025 | Listing removed | $2,000$1/sqft |
Source: CRMLS #CV25005431 Report a problem | ||
| 1/9/2025 | Listed for rent | $2,000$1/sqft |
Source: CRMLS #CV25005431 Report a problem | ||
| 3/8/2024 | Sold | $530,000-3.6%$184/sqft |
Source: | ||
| 1/27/2024 | Pending sale | $549,999$191/sqft |
Source: | ||
| 1/16/2024 | Price change | $549,999-3.3%$191/sqft |
Source: | ||
| 11/7/2023 | Price change | $569,000-1.9%$198/sqft |
Source: | ||
| 10/10/2023 | Listed for sale | $579,999+55.3%$201/sqft |
Source: | ||
| 7/30/2018 | Sold | $373,500$130/sqft |
Source: Public Record Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 92223
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