Four-Unit
For Sale
$689,000
Pending
10149 Alder Avenue, Bloomington, CA 92316
Fully occupied rental property near major freeways and public elementary, middle, and high schools.
Property Size2,000 SF
Lot Size0.17 Acres
Days on Market232
Property Features for 10149 Alder Avenue
General Information
Standard status
Pending
Size
2,000 SF
Lot size
0.17 Acres
Property subtype
Multi Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1952
Listing Agency:
GEORGE MICHAEL REALTY
(310) 308-8126
Listed By:
JORGE VALENCIA · License #01023868
(310) 308-8126
Source:
Exitrealty
Added: Jan 12
Changed: Aug 30
Last Checked: Aug 31 at 2:39PM
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 GEORGE MICHAEL REALTY
Investment Insights
Based on property information with market context.
Built in 1952, this four-unit quadplex contains approximately 2,000 sq ft of living area on a 7,500 sq ft lot. The property is fully rented, with long-term tenants in place across the four units.
The location provides proximity to major freeways and public schools serving elementary, middle, and high school students. The existing unit count, occupied status, and established tenancy provide a clear multifamily profile for an investor evaluating an income-producing residential property.
The location provides proximity to major freeways and public schools serving elementary, middle, and high school students. The existing unit count, occupied status, and established tenancy provide a clear multifamily profile for an investor evaluating an income-producing residential property.
Key Highlights
- Four‑unit quadplex built in 1952
- Approximately 2,000 sq ft of living area
- Situated on a 7500 sq ft lot
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
$20,396
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
2.96%
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%
$407,920
$407.9K
Cap Rate 7%
$291,371
$291.4K
Cap Rate 9%
$226,622
$226.6K
Market Conditions
NOI Build-Up for 2,000 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
$31.0K $15.48/SF
− Vacancy
−$1.8K −$0.91/SF
EGI
$29.1K $14.57/SF
− OpEx
−$8.7K −$4.37/SF
NOI
$20.4K $10.20/SF
Area
San Bernardino County, CA
Vacancy
5.89%
Lease Rate
$15.48 /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%
$407,920
Cap Rate 7%
$291,371
Cap Rate 9%
$226,622
Alternative Uses
Best Use
Multifamily LT 5
$291.4K
$255.0K – $339.9K
NOI $20,396 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$252.9K
$221.3K – $295.1K
NOI $17,706 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$421.9K
$369.1K – $492.2K
NOI $29,531 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
Business Placement
Demographics for 92316, CA
31,463
Population
8,349
Households
3.8
Avg Household Size
32
Median Age
11%
College-Educated
70%
High-School Grad
11.5 sq mi
ZIP Area
2,736
Density / Sq Mi
$82,117
Median Household Income
$38,629
Median Earnings
$1,450
Median Rent
$448,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied rental property near major freeways and public elementary, middle, and high schools.
Where is this quadplex located?
The property is located at 10149 Alder Avenue Bloomington, CA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1952; Approximately 2,000 sq ft of living area; Situated on a 7500 sq ft lot
