3-Unit Multifamily
For Sale
$1,499,000
1379 S Gibbs ST Unit 3, Pomona, CA 91766
Two separate buildings provide a front two-unit configuration and a single unit at the rear.
Property Size3,360 SF
Price / SF$446.13
Days on Market1029
Property Features for 1379 S Gibbs ST Unit 3
General Information
Standard status
Active
Size
3,360 SF
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
3
Building Details
Building Size
3,360 SF
Year Built
1958
Buildings
2
Listing Agency:
Bedrock Real Estate Group
Listed By:
SCOTT BUTLER · License #01846093
(310) 420-0130
Source:
Bedrockrealestategroup
Added: Jan 2, 2024
Changed: Oct 26
Last Checked: Oct 26 at 11:09AM
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 Bedrock Real Estate Group
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Investment Insights
Based on property information with market context.
This multifamily property contains 3 units across two buildings on one lot. The front building has 2 units, while a separate rear building contains 1 unit. The property totals 3,360 square feet and was built in 1958.
Key Highlights
- Three units on one lot
- Front building contains 2 units; rear building contains 1 unit
- 3,360 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,049
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,980
$1.0M
Cap Rate 7%
$743,557
$743.6K
Cap Rate 9%
$578,322
$578.3K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$98.8K $29.40/SF
− Vacancy
−$4.1K −$1.23/SF
EGI
$94.6K $28.17/SF
− OpEx
−$42.6K −$12.67/SF
NOI
$52.0K $15.49/SF
Area
Pomona, CA
Vacancy
4.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,980
Cap Rate 7%
$743,557
Cap Rate 9%
$578,322
Alternative Uses
Best Use
Apartment 5plus
$743.6K
$650.6K – $867.5K
NOI $52,049 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$942.7K – $1.26M
NOI $75,415 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
479
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate buildings provide a front two-unit configuration and a single unit at the rear.
Where is this multifamily property located?
The property is located at 1379 S Gibbs ST Unit 3 Pomona, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Three units on one lot; Front building contains 2 units; rear building contains 1 unit; 3,360 square feet
