12-Unit Quadplex
For Sale
$3,380,000
669 687 651 Weber St., Pomona, CA 91768
Three contiguous buildings provide individually metered apartments, parking, laundry facilities, storage, and secure perimeter fencing.
Property Size10,800 SF
Lot Size0.70 Acres
Days on Market121
Property Features for 669 687 651 Weber St.
General Information
Standard status
Active
Size
10,800 SF
Net Rentable
10,800 SF
Total Parking Spaces
40
Lot size
0.70 Acres
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
12 x 2BR/1BA
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$31,033
Amenities
community laundry rooms
storage area
perimeter fencing
Building Details
Building Size
10,800 SF
Year Built
1982
Buildings
3
Stories
2
Units
12
Listing Agency:
Presidential Incorporated
Listed By:
Grace Huang · License #00966678
(949) 654-2626
Source:
Elliman
Added: May 10
Changed: Sep 4
Last Checked: Sep 7 at 8:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Presidential Incorporated
Investment Insights
Based on property information with market context.
The Weber Apartments comprise three contiguous fourplex buildings on separate parcels, with 12 total two-bedroom, one-bath units. The buildings offer approximately 10,800 rentable SF across roughly 30,284 SF of land, with each apartment measuring approximately 900 SF. Gas and electricity are individually metered. The property was built in 1982 and includes two community laundry rooms, a large storage area, and perimeter fencing constructed with iron and stucco.
Parking totals around 36-40 spaces, including 12 garages and 24+4 surface parking spaces. Current leases are month to month. The property is located in Pomona near schools, public transportation, shopping centers, and major freeways. WalkScore is 56, BikeScore is 48, and TransitScore is 34.
Parking totals around 36-40 spaces, including 12 garages and 24+4 surface parking spaces. Current leases are month to month. The property is located in Pomona near schools, public transportation, shopping centers, and major freeways. WalkScore is 56, BikeScore is 48, and TransitScore is 34.
Key Highlights
- 12‑unit multifamily portfolio comprising three contiguous fourplexes
- Approximately 10,800 rentable SF on approximately 30,284 SF of land
- Each unit is a 2‑bedroom, 1‑bath apartment of approximately 900 SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$181,939
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,638,780
$3.6M
Cap Rate 7%
$2,599,129
$2.6M
Cap Rate 9%
$2,021,544
$2.0M
Market Conditions
NOI Build-Up for 10,800 SF
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.
Gross rent
$272.2K $25.20/SF
− Vacancy
−$12.2K −$1.13/SF
EGI
$259.9K $24.07/SF
− OpEx
−$78.0K −$7.22/SF
NOI
$181.9K $16.85/SF
Area
Pomona, CA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,638,780
Cap Rate 7%
$2,599,129
Cap Rate 9%
$2,021,544
Alternative Uses
Best Use
Multifamily LT 5
$2.60M
$2.27M – $3.03M
NOI $181,939 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$2.39M
$2.09M – $2.79M
NOI $167,301 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$3.46M
$3.03M – $4.04M
NOI $242,404 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 91768, CA
35,568
Population
8,848
Households
4
Avg Household Size
31
Median Age
14%
College-Educated
70%
High-School Grad
8.2 sq mi
ZIP Area
4,338
Density / Sq Mi
$76,313
Median Household Income
$32,461
Median Earnings
$1,606
Median Rent
$536,500
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?
Quadplex - Three contiguous buildings provide individually metered apartments, parking, laundry facilities, storage, and secure perimeter fencing.
Where is this quadplex located?
The property is located at 669 687 651 Weber St. Pomona, CA.
What is the asking price?
The asking price for this property is $3,380,000.
What are key features of this property?
This property features: 12‑unit multifamily portfolio comprising three contiguous fourplexes; Approximately 10,800 rentable SF on approximately 30,284 SF of land; Each unit is a 2‑bedroom, 1‑bath apartment of approximately 900 SF
