Three-Unit Triplex with Open
New
For Sale
$888,400
504 E D, Ontario, CA 91764
Three residential units provide a varied bedroom mix and substantial outdoor space.
Property Size2,576 SF
Days on Market7
Property Features for 504 E D
General Information
Standard status
Active
Size
2,576 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Building Size
2,576 SF
Year Built
1900
Stories
2
Units
3
Listing Agency:
Realty ONE Group Homelink
Listed By:
Cecile Hanna · License #01458106
(909) 229-4129
Source:
Elliman
Added: Sep 19
Last Checked: Sep 24 at 2:43PM
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 Realty ONE Group Homelink
Investment Insights
Based on property information with market context.
This triplex in Ontario, California, contains three separate residential units with a 3-bedroom, 1-bathroom primary unit, a 2-bedroom, 1-bathroom second unit, and a 1-bedroom, 1-bathroom third unit. The property also includes a large open yard that adds usable exterior space. The structure dates to 1900.
Located at 504 E D, the property offers access to major freeways as well as shopping centers, schools, dining, and other local amenities. Walk Score is 48, Bike Score is 46, and Transit Score is 31, reflecting a car-dependent setting with some transit and biking options.
Located at 504 E D, the property offers access to major freeways as well as shopping centers, schools, dining, and other local amenities. Walk Score is 48, Bike Score is 46, and Transit Score is 31, reflecting a car-dependent setting with some transit and biking options.
Key Highlights
- Three‑unit triplex with 3‑bedroom, 2‑bedroom, and 1‑bedroom residences
- Unit mix includes three 1‑bathroom layouts
- Large open yard provides additional outdoor space
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
$37,949
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
4.27%
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%
$758,980
$759.0K
Cap Rate 7%
$542,129
$542.1K
Cap Rate 9%
$421,656
$421.7K
Market Conditions
NOI Build-Up for 2,576 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
$57.2K $22.20/SF
− Vacancy
−$3.0K −$1.15/SF
EGI
$54.2K $21.05/SF
− OpEx
−$16.3K −$6.31/SF
NOI
$37.9K $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%
$758,980
Cap Rate 7%
$542,129
Cap Rate 9%
$421,656
Alternative Uses
Best Use
Multifamily LT 5
$542.1K
$474.4K – $632.5K
NOI $37,949 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$465.5K
$407.4K – $543.1K
NOI $32,588 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$666.2K
$583.0K – $777.3K
NOI $46,637 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,530
Businesses Nearby
Explore this area
Business Placement
Demographics for 91764, CA
55,322
Population
17,350
Households
3.2
Avg Household Size
33
Median Age
18%
College-Educated
74%
High-School Grad
7.9 sq mi
ZIP Area
7,003
Density / Sq Mi
$75,605
Median Household Income
$37,076
Median Earnings
$2,039
Median Rent
$524,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units provide a varied bedroom mix and substantial outdoor space.
Where is this triplex located?
The property is located at 504 E D Ontario, CA.
What is the asking price?
The asking price for this property is $888,400.
What are key features of this property?
This property features: Three‑unit triplex with 3‑bedroom, 2‑bedroom, and 1‑bedroom residences; Unit mix includes three 1‑bathroom layouts; Large open yard provides additional outdoor space
