New Construction 6-Unit Apartment
For Sale
$2,899,990
1444 W Stoneridge Court, Ontario, CA 91762
Condo-style residences offer private courtyards, attached garages, laundry rooms, and central air conditioning and heating.
Property Size7,372 SF
Days on Market46
Property Features for 1444 W Stoneridge Court
General Information
Standard status
Active
Size
7,372 SF
Total Parking Spaces
12
Property subtype
Apartment
Units
Unit Mix
6 x 3BR/2.5BA
Multifamily Units
6
Parking per Unit
2
Additional Details
Highway Access
Yes
Amenities
tot lot/playground
outdoor BBQ gathering area
Building Details
Building Size
7,372 SF
Year Built
2026
Listing Agency:
M G R REAL ESTATE
(909) 322-3379
Listed By:
LUIS OLIVER · License #01742044
Source:
Camdenmckayre
Added: Jun 22
Changed: Aug 4
Last Checked: Aug 6 at 4:13AM
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 M G R REAL ESTATE
Investment Insights
Based on property information with market context.
Built in 2026, this condo-style apartment property contains six residences, each with three bedrooms, 2.5 bathrooms, an attached 2-car garage, a private laundry room, and a private courtyard. Central air conditioning and heating, contemporary finishes, and floor plans designed for modern living are incorporated throughout. Community amenities include a tot lot/playground and an outdoor BBQ gathering area.
The property is located in Ontario, California, with access to the 10 Freeway and 60 Freeway. Ontario International Airport, Toyota Arena, and Ontario Mills are minutes away, while nearby shopping, dining, entertainment, and employment centers add to the surrounding amenity base. All six units are described as move-in ready, providing a completed multifamily configuration with private residential features and shared outdoor amenities.
The property is located in Ontario, California, with access to the 10 Freeway and 60 Freeway. Ontario International Airport, Toyota Arena, and Ontario Mills are minutes away, while nearby shopping, dining, entertainment, and employment centers add to the surrounding amenity base. All six units are described as move-in ready, providing a completed multifamily configuration with private residential features and shared outdoor amenities.
Key Highlights
- Six units, each with 3 bedrooms and 2.5 bathrooms
- Every residence includes an attached 2‑car garage
- Private laundry rooms and private courtyards for all 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
$93,260
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
3.22%
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%
$1,865,200
$1.9M
Cap Rate 7%
$1,332,286
$1.3M
Cap Rate 9%
$1,036,222
$1.0M
Market Conditions
NOI Build-Up for 7,372 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
$181.4K $24.60/SF
− Vacancy
−$11.8K −$1.60/SF
EGI
$169.6K $23.00/SF
− OpEx
−$76.3K −$10.35/SF
NOI
$93.3K $12.65/SF
Area
Ontario, CA
Vacancy
6.50%
Lease Rate
$24.60 /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%
$1,865,200
Cap Rate 7%
$1,332,286
Cap Rate 9%
$1,036,222
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.17M – $1.55M
NOI $93,260 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.22M
NOI $133,465 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Explore this area
Business Placement
Demographics for 91762, CA
62,524
Population
20,163
Households
3.1
Avg Household Size
34
Median Age
21%
College-Educated
77%
High-School Grad
14.3 sq mi
ZIP Area
4,372
Density / Sq Mi
$76,289
Median Household Income
$40,085
Median Earnings
$1,752
Median Rent
$568,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Condo-style residences offer private courtyards, attached garages, laundry rooms, and central air conditioning and heating.
Where is this apartment building located?
The property is located at 1444 W Stoneridge Court Ontario, CA.
What is the asking price?
The asking price for this property is $2,899,990.
What are key features of this property?
This property features: Six units, each with 3 bedrooms and 2.5 bathrooms; Every residence includes an attached 2‑car garage; Private laundry rooms and private courtyards for all units
