Renovated Triplex with Covered
New
For Sale
$798,000
1133 S Park Avenue, Pomona, CA 91766
Three updated units feature separate utility metering, independent water heaters, and refreshed kitchens.
Property Size2,016 SF
Days on Market6
Property Features for 1133 S Park Avenue
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Triplex
Building Details
Building Size
2,016 SF
Year Built
1987
Listing Agency:
Universal Elite Realty
(626) 353-2384
Listed By:
Stephen Eng · License #01946974
Source:
Camdenmckayre
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 12:32PM
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 Universal Elite Realty
Investment Insights
Based on property information with market context.
This 2,016-square-foot triplex, built in 1987, includes three updated residential units with open living areas, spacious bedrooms, dedicated closets, modern bathrooms, and refreshed kitchens. Unit improvements include faux-wood flooring, updated windows, shaker-style cabinetry, solid-surface countertops, stainless-steel sinks, newer ranges, mini-split heating and air conditioning, spiral staircases, and vaulted bedroom ceilings. Electricity and gas are separately metered for each unit, and every residence has an independent water heater.
The property occupies an approximately 5,796-square-foot fenced lot with gated grounds, a small lawn, an outdoor storage shed, four-car covered carport parking, and additional open parking. A laundry room provides an additional property feature. Recent work completed within the last three years includes a newer roof, windows, water heaters, and exterior wood siding. The current cap rate is approximately 6%, with a projected pro forma cap rate exceeding 7%. The property is near Western University of Health Sciences, Downtown Pomona, shopping, dining, schools, parks, public transportation, Ontario International Airport, and the 10, 60, and 71 freeways.
The property occupies an approximately 5,796-square-foot fenced lot with gated grounds, a small lawn, an outdoor storage shed, four-car covered carport parking, and additional open parking. A laundry room provides an additional property feature. Recent work completed within the last three years includes a newer roof, windows, water heaters, and exterior wood siding. The current cap rate is approximately 6%, with a projected pro forma cap rate exceeding 7%. The property is near Western University of Health Sciences, Downtown Pomona, shopping, dining, schools, parks, public transportation, Ontario International Airport, and the 10, 60, and 71 freeways.
Key Highlights
- Three‑unit multifamily property with 2,016‑square‑foot building area
- Approximately 5,796‑square‑foot fenced lot with gated grounds
- Current cap rate approximately 6%; projected pro forma cap rate exceeding 7%
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
$33,962
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
4.26%
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%
$679,240
$679.2K
Cap Rate 7%
$485,171
$485.2K
Cap Rate 9%
$377,356
$377.4K
Market Conditions
NOI Build-Up for 2,016 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
$50.8K $25.20/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$48.5K $24.07/SF
− OpEx
−$14.6K −$7.22/SF
NOI
$34.0K $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%
$679,240
Cap Rate 7%
$485,171
Cap Rate 9%
$377,356
Alternative Uses
Best Use
Multifamily LT 5
$485.2K
$424.5K – $566.0K
NOI $33,962 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$446.1K
$390.4K – $520.5K
NOI $31,230 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$646.4K
$565.6K – $754.2K
NOI $45,249 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,914
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three updated units feature separate utility metering, independent water heaters, and refreshed kitchens.
Where is this triplex located?
The property is located at 1133 S Park Avenue Pomona, CA.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 2,016‑square‑foot building area; Approximately 5,796‑square‑foot fenced lot with gated grounds; Current cap rate approximately 6%; projected pro forma cap rate exceeding 7%
