Listed by Faviola Nieves•DRE #01797680• PROSPERITY REAL ESTATE & ASSOC
Contact: 626-214-6696
For sale
$650,000
Est. $4,404/mo —
4
bd
•
2 ba
•
2,881
sq ft
40041 Dutton, Cherry Valley, CA 92223
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 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!
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!
CRMLS #CV26185361
Aug 26, 2026
Listed
$650,000
$226/sq ft
CRMLS #CV25005431
Jan 29, 2025
Rental Removed
$1,999
$1/sq ft
Jan 17, 2025
Price Changed
$1,999
$1/sq ft
Jan 9, 2025
Listed for Rent
$2,000
$1/sq ft
bridgeMLS, Bay East AOR, or Contra Costa AOR #CREV21042283
Sep 25, 2024
Listing Removed
—
bridgeMLS, Bay East AOR, or Contra Costa AOR #CREV21000926
Sep 25, 2024
Listing Removed
—
CRMLS #EV23189295
Mar 8, 2024
Sold
$530,000
$184/sq ft
Jan 26, 2024
Pending
—
Jan 16, 2024
Price Changed
$549,999
$191/sq ft
Nov 7, 2023
Price Changed
$569,000
$198/sq ft
Oct 10, 2023
Listed
$579,999
$201/sq ft
CRMLS #EV23189167
Jan 16, 2024
Price Changed
$549,999
$191/sq ft
Nov 7, 2023
Price Changed
$569,000
$198/sq ft
Oct 10, 2023
Listed
$579,999
$201/sq ft
CRMLS #EV21042283
Mar 16, 2021
Price Changed
$519,999
$180/sq ft
Mar 1, 2021
Listed
$539,999
$187/sq ft
CRMLS #EV21000926
Feb 2, 2021
Listing Removed
—
Jan 14, 2021
Price Changed
$539,999
$187/sq ft
Jan 10, 2021
Price Changed
$549,900
$191/sq ft
Jan 7, 2021
Price Changed
$559,900
$194/sq ft
Jan 3, 2021
Listed
$564,999
$196/sq ft
Public Records
Jul 30, 2018
Sold
$373,500
$130/sq ft
CRMLS #IV18138501
Jul 30, 2018
Sold
$373,450
$130/sq ft
Jun 29, 2018
Pending
—
Jun 14, 2018
Listed
$400,000
$139/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,070 (+31.9%)
$108,122 + $432,477
$540,599
2024
$5,362 (−0.4%)
$108,122 + $432,477
$540,599
2023
$5,382 (+1.9%)
$76,553 + $331,865
$408,418
2022
$5,279 (+1.9%)
$75,052 + $325,358
$400,410
2021
$5,178 (+1.0%)
$73,581 + $318,979
$392,560
2020
$5,126 (+1.6%)
$72,139 + $312,725
$384,864
2019
$5,046 (+422.1%)
$71,400 + $309,519
$380,919
2018
$966 (+13.0%)
$70,000 + $303,450
$373,450
2017
$855 (+3.0%)
$13,393 + $52,174
$65,567
2016
$830 (+1.8%)
$13,393 + $52,174
$65,567
2015
$815 (+0.1%)
$13,131 + $51,151
$64,282
2014
$814 (−0.4%)
$12,683 + $49,398
$62,081
2013
$817 (+2.7%)
$12,683 + $49,398
$62,081
2012
$795 (+3.4%)
$12,627 + $49,176
$61,803
2011
$769 (+4.4%)
$12,380 + $48,212
$60,592
2010
$737 (−0.4%)
$12,138 + $47,267
$59,405
2009
$740 (+10.0%)
$12,049 + $46,915
$58,964
2008
$672
$12,079 + $47,028
$59,107
Public record
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.61 Acres
Year renovated
1930
Finished Sq. Ft.
1,716
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,716
Year built
1915
Style
Other
County
Riverside County
APN
402030005
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 7, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
10/10 Fire Factor
76% chance of being in a wildfire in next 30 years
6/10 Heat Factor
8 days above 100° expected this year, 23 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
34 unhealthy days expected this year, 40 days in 30 years
Provided by First Street
Historical weather
Cherry Valley, CA • 92223
Average low and high temperatures (°F)
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66
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51
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 40041 Dutton
$640,140
$9,860 under list price of $650K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $530K to $720K.