Renovated Three-Unit
New
For Sale
$798,000
1133 S Park Avenue, Pomona, CA 91766
MULTI_FAMILY - Pomona, CA
Property Size2,016 SF
Lot Size0.13 Acres
Price / SF$395.83
Days on Market6
Property Features for 1133 S Park Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Laundry Room, Bedroom 1, Bedroom 2, Bedroom 4
Parking
6
Interior features
Quartz Counters, Open Floorplan
Lot features
Level with Street, Level, Front Yard, Back Yard, Lawn
Directions
On S Park Ave, between Cross Street of W 11th St & W 12th St
Subdivision
687 - Pomona
Standard status
Active
APN
8341022039
Lot size
0.13 Acres
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Ductless (Heating)
Cooling system
Heat Pump, Ductless
Water source
Public
Amenities
gated grounds
small lawn
outdoor storage shed
laundry room
Building Details
Year built
1987
Floors in Building
2
Number of units
3
Listing Agency:
Universal Elite Realty
(949) 379-6713
Listed By:
Stephen Eng · License #01946974
(626) 353-2384
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 12 at 1:06AM
MLS# AR26172659
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit multifamily property, built in 1987, has undergone recent improvements including a newer roof, windows, water heaters, and exterior wood siding. Each residence offers an open floor plan, spacious living areas, updated kitchens and bathrooms, faux-wood flooring, generously sized bedrooms, dedicated closets, mini-split heating and cooling, and distinctive interior staircases. Separate electric and gas meters, along with individual water heaters, support straightforward utility management.
The approximately 0.1337-acre fenced parcel includes gated grounds, a small lawn, storage shed, four-car covered carport parking, additional open parking, and a laundry room. Public water and public sewer serve the property. The location provides access to 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 currently has an approximately 6% cap rate, while projected pro forma performance exceeds 7%; the source information also indicates more than 20% potential rental upside. Possible ADU potential and laundry-room revenue require independent verification and evaluation.
The approximately 0.1337-acre fenced parcel includes gated grounds, a small lawn, storage shed, four-car covered carport parking, additional open parking, and a laundry room. Public water and public sewer serve the property. The location provides access to 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 currently has an approximately 6% cap rate, while projected pro forma performance exceeds 7%; the source information also indicates more than 20% potential rental upside. Possible ADU potential and laundry-room revenue require independent verification and evaluation.
Key Highlights
- Three‑unit multifamily property on an approximately 0.1337‑acre fenced lot
- Approximately 6% current cap rate with projected pro forma cap rate exceeding 7%
- More than 20% potential rental upside identified in the property information
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
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
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 - Updated units feature open layouts, modern finishes, separate utility metering, and gated grounds with covered parking.
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 on an approximately 0.1337‑acre fenced lot; Approximately 6% current cap rate with projected pro forma cap rate exceeding 7%; More than 20% potential rental upside identified in the property information
