Remodeled Two-Unit
For Sale
$795,000
1303 1305 E Kingsley Avenue, Pomona, CA 91767
Both residences offer private laundry, individual split AC, yard space, and a detached one-car garage.
Property Size1,784 SF
Days on Market197
Property Features for 1303 1305 E Kingsley Avenue
General Information
Standard status
Active
Size
1,784 SF
Property subtype
Duplex
Building Details
Building Size
1,784 SF
Year Built
1953
Stories
1
Listing Agency:
Pinnacle Real Estate Group
(626) 466-8900
Listed By:
Chloe Chan · License #01863279
(626) 466-8900
Source:
Herrera-homes.kw
Added: Feb 15
Changed: Aug 30
Last Checked: Aug 30 at 6:26PM
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 Pinnacle Real Estate Group
Investment Insights
Based on property information with market context.
This two-unit duplex at 1303–1305 E Kingsley Avenue in Pomona was built in 1953 and recently remodeled. Each residence includes two bedrooms, one bathroom, a private laundry area, wood flooring in the living spaces and bedrooms, tile in the kitchens and bathrooms, and an individual split AC unit. Both units also have yard space and a detached one-car garage used for storage.
The property is near shopping plazas along Indian Hills Blvd and provides access to the 10 freeway for commuting. An architect has confirmed the potential for an ADU of up to 800 SF in the backyard; buyers and agents should consult the city regarding applicable details and requirements.
The property is near shopping plazas along Indian Hills Blvd and provides access to the 10 freeway for commuting. An architect has confirmed the potential for an ADU of up to 800 SF in the backyard; buyers and agents should consult the city regarding applicable details and requirements.
Key Highlights
- Two‑unit duplex with each residence offering 2 bedrooms and 1 bathroom
- Recently remodeled interiors with wood and tile flooring
- Private laundry areas and individual split AC units in both residences
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
$30,054
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
3.78%
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%
$601,080
$601.1K
Cap Rate 7%
$429,343
$429.3K
Cap Rate 9%
$333,933
$333.9K
Market Conditions
NOI Build-Up for 1,784 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
$45.0K $25.20/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$42.9K $24.07/SF
− OpEx
−$12.9K −$7.22/SF
NOI
$30.1K $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%
$601,080
Cap Rate 7%
$429,343
Cap Rate 9%
$333,933
Alternative Uses
Best Use
Multifamily LT 5
$429.3K
$375.7K – $500.9K
NOI $30,054 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$394.8K
$345.5K – $460.6K
NOI $27,636 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$572.0K
$500.5K – $667.4K
NOI $40,042 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 91767, CA
51,654
Population
15,653
Households
3.3
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
5.7 sq mi
ZIP Area
9,062
Density / Sq Mi
$80,201
Median Household Income
$37,340
Median Earnings
$1,749
Median Rent
$585,100
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?
Duplex - Both residences offer private laundry, individual split AC, yard space, and a detached one-car garage.
Where is this duplex located?
The property is located at 1303 1305 E Kingsley Avenue Pomona, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two‑unit duplex with each residence offering 2 bedrooms and 1 bathroom; Recently remodeled interiors with wood and tile flooring; Private laundry areas and individual split AC units in both residences
