Four-Unit Income Property
For Sale
$950,000
1011 W 8th St, Pomona, CA 91766
Well-located income property with renovated unit and carport parking.
Property Size3,500 SF
Price / SF$271.43
Days on Market123
Property Features for 1011 W 8th St
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Multi Family
Building Details
Year Built
1964
Listing Agency:
REALTY ONE GROUP MASTERS
(626) 650-0370
Listed By:
Mauro Trejo · License #01884815
Source:
Exitrealty
Added: Apr 29
Changed: Aug 27
Last Checked: Aug 29 at 6:44AM
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 REALTY ONE GROUP MASTERS
Investment Insights
Based on property information with market context.
This is a well-located four-unit income property featuring a two-story layout with approximately 3,500 square feet of building area. The property presents a strong investment opportunity with four separate units, including one renovated unit. Carport parking is available. The location provides convenient access to Interstate 10, shopping, dining, and regional employment centers. This property is ideal for investors seeking rental income potential, value-add upside, or long-term portfolio growth.
Key Highlights
- Four‑unit income property: Provides immediate rental income.
- Convenient location: Easy access to Interstate 10, shopping, dining, and employment centers.
- Strong investment opportunity: Ideal for rental income, value‑add upside, and long‑term portfolio growth.
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
$58,962
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
6.21%
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%
$1,179,240
$1.2M
Cap Rate 7%
$842,314
$842.3K
Cap Rate 9%
$655,133
$655.1K
Market Conditions
NOI Build-Up for 3,500 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
$88.2K $25.20/SF
− Vacancy
−$4.0K −$1.13/SF
EGI
$84.2K $24.07/SF
− OpEx
−$25.3K −$7.22/SF
NOI
$59.0K $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%
$1,179,240
Cap Rate 7%
$842,314
Cap Rate 9%
$655,133
Alternative Uses
Best Use
Multifamily LT 5
$842.3K
$737.0K – $982.7K
NOI $58,962 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$774.5K
$677.7K – $903.6K
NOI $54,218 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$1.12M
$982.0K – $1.31M
NOI $78,557 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,293
Businesses Nearby
Explore this area
Business Placement
Demographics for 91766, CA
70,701
Population
20,217
Households
3.5
Avg Household Size
34
Median Age
20%
College-Educated
71%
High-School Grad
10.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$77,699
Median Household Income
$34,705
Median Earnings
$1,776
Median Rent
$568,300
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 - Well-located income property with renovated unit and carport parking.
Where is this quadplex located?
The property is located at 1011 W 8th St Pomona, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four‑unit income property: Provides immediate rental income.; Convenient location: Easy access to Interstate 10, shopping, dining, and employment centers.; Strong investment opportunity: Ideal for rental income, value‑add upside, and long‑term portfolio growth.
