Triplex with Multiple
New
For Sale
$980,000
1115 W Ralston, Ontario, CA 91762
Three-unit residential property with a varied unit layout, private garages, and established long-term tenancy.
Property Size3,000 SF
Days on Market5
Property Features for 1115 W Ralston
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Apartment
Building Details
Building Size
3,000 SF
Year Built
1983
Listing Agency:
SoCal Realty Group
Listed By:
Amy Alvarez · License #01216079
(909) 821-5590
Source:
Camdenmckayre
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 5 at 6:46AM
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 SoCal Realty Group
Investment Insights
Based on property information with market context.
Built in 1983, this triplex includes one lower-level three-bedroom unit with a two-car garage and two upper-level two-bedroom units, each paired with a one-car garage. The configuration provides three separate residences with dedicated parking and a mix of unit sizes. Two tenants have occupied the property for more than 20 years, providing a documented history of extended tenancy.
The property is located at 1115 W. Ralston in Ontario, California, near shopping, schools, and the 60 FWY. It sits on a quiet residential street with convenient access for regional commuting. Existing tenancy and the distinct unit configuration define the property’s current residential income profile.
The property is located at 1115 W. Ralston in Ontario, California, near shopping, schools, and the 60 FWY. It sits on a quiet residential street with convenient access for regional commuting. Existing tenancy and the distinct unit configuration define the property’s current residential income profile.
Key Highlights
- Three‑unit triplex built in 1983
- One downstairs three‑bedroom unit with a two‑car garage
- Two upstairs two‑bedroom units, each with a one‑car garage
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
$44,196
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
4.51%
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%
$883,920
$883.9K
Cap Rate 7%
$631,371
$631.4K
Cap Rate 9%
$491,067
$491.1K
Market Conditions
NOI Build-Up for 3,000 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
$66.6K $22.20/SF
− Vacancy
−$3.5K −$1.15/SF
EGI
$63.1K $21.05/SF
− OpEx
−$18.9K −$6.31/SF
NOI
$44.2K $14.73/SF
Area
Ontario, CA
Vacancy
5.20%
Lease Rate
$22.20 /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%
$883,920
Cap Rate 7%
$631,371
Cap Rate 9%
$491,067
Alternative Uses
Best Use
Multifamily LT 5
$631.4K
$552.5K – $736.6K
NOI $44,196 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$542.2K
$474.4K – $632.5K
NOI $37,952 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$775.9K
$678.9K – $905.2K
NOI $54,313 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
Demographics for 91762, CA
62,524
Population
20,163
Households
3.1
Avg Household Size
34
Median Age
21%
College-Educated
77%
High-School Grad
14.3 sq mi
ZIP Area
4,372
Density / Sq Mi
$76,289
Median Household Income
$40,085
Median Earnings
$1,752
Median Rent
$568,700
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?
Triplex - Three-unit residential property with a varied unit layout, private garages, and established long-term tenancy.
Where is this triplex located?
The property is located at 1115 W Ralston Ontario, CA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1983; One downstairs three‑bedroom unit with a two‑car garage; Two upstairs two‑bedroom units, each with a one‑car garage
