18-Unit Apartment
New
For Sale
$6,300,000
144 150 E Baseline Road, San Dimas, CA 91773
Two contiguous parcels offer varied apartment layouts with individually metered gas and electricity.
Property Size16,928 SF
Days on Market6
Property Features for 144 150 E Baseline Road
General Information
Standard status
Active
Size
16,928 SF
Property subtype
Apartment
Building Details
Building Size
16,928 SF
Year Built
1963
Listing Agency:
MARCUS & MILLICHAP
(909) 456-3493
Listed By:
Douglas McCauley · License #01155706
Source:
Velocityrealtysd
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 22 at 11:03AM
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 MARCUS & MILLICHAP
Investment Insights
Based on property information with market context.
This multifamily offering combines two contiguous parcels with 18 apartment units. The 144 East Baseline Road parcel includes a two-story, 12-unit building constructed in 1963, with twelve two-bedroom, one-bathroom apartments averaging 908 square feet. The property also includes a leased laundry facility, individually metered gas and electricity, and a central hot water heater.
The 150 East Baseline Road parcel contains six units: two one-bedroom, one-bathroom ADUs, two two-bedroom, two-bathroom single-story apartments, and two three-bedroom townhouse-style units with two- and two-and-one-half-bathroom layouts. Select units include dishwashers, private backyards, central air conditioning and heat, washer and dryer hookups, and two-car attached garages with direct unit access. The 150 East Baseline Road units have individual gas and electricity meters and individual hot water heaters.
The property is north of Interstate 210 near the San Dimas Avenue exit and offers proximity to California State Route 57. Retail and dining options include Costco, Sam’s Club, Home Depot, Target, Trader Joe’s, and In-N-Out Burger. The Foothill Gold Line Station is 1.2 miles away.
The 150 East Baseline Road parcel contains six units: two one-bedroom, one-bathroom ADUs, two two-bedroom, two-bathroom single-story apartments, and two three-bedroom townhouse-style units with two- and two-and-one-half-bathroom layouts. Select units include dishwashers, private backyards, central air conditioning and heat, washer and dryer hookups, and two-car attached garages with direct unit access. The 150 East Baseline Road units have individual gas and electricity meters and individual hot water heaters.
The property is north of Interstate 210 near the San Dimas Avenue exit and offers proximity to California State Route 57. Retail and dining options include Costco, Sam’s Club, Home Depot, Target, Trader Joe’s, and In-N-Out Burger. The Foothill Gold Line Station is 1.2 miles away.
Key Highlights
- 18 apartment units across two contiguous parcels
- 144 East Baseline Road includes twelve two‑bedroom/one‑bathroom units averaging 908 square feet
- 150 East Baseline Road includes two ADUs, two two‑bedroom units, and two three‑bedroom townhouse‑style units
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
$272,385
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
4.32%
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%
$5,447,700
$5.4M
Cap Rate 7%
$3,891,214
$3.9M
Cap Rate 9%
$3,026,500
$3.0M
Market Conditions
NOI Build-Up for 16,928 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
$538.3K $31.80/SF
− Vacancy
−$43.1K −$2.54/SF
EGI
$495.2K $29.26/SF
− OpEx
−$222.9K −$13.17/SF
NOI
$272.4K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$5,447,700
Cap Rate 7%
$3,891,214
Cap Rate 9%
$3,026,500
Alternative Uses
Best Use
Apartment 5plus
$3.89M
$3.40M – $4.54M
NOI $272,385 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.06M
$7.93M – $10.57M
NOI $634,423 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 91773, CA
34,592
Population
12,363
Households
2.8
Avg Household Size
44
Median Age
40%
College-Educated
93%
High-School Grad
15.0 sq mi
ZIP Area
2,306
Density / Sq Mi
$105,926
Median Household Income
$51,673
Median Earnings
$2,232
Median Rent
$754,700
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?
Apartment building - Two contiguous parcels offer varied apartment layouts with individually metered gas and electricity.
Where is this apartment building located?
The property is located at 144 150 E Baseline Road San Dimas, CA.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: 18 apartment units across two contiguous parcels; 144 East Baseline Road includes twelve two‑bedroom/one‑bathroom units averaging 908 square feet; 150 East Baseline Road includes two ADUs, two two‑bedroom units, and two three‑bedroom townhouse‑style units
