Multifamily Property with Flat
For Sale
$1,330,000
14650 Boyle Avenue, Fontana, CA 92337
Residential units provide current rental income alongside recent building-system and exterior improvements.
Property Size4,388 SF
Lot Size0.87 Acres
Price / SF$303.10
Days on Market71
Property Features for 14650 Boyle Avenue
General Information
Standard status
Active
Size
4,388 SF
Lot size
0.87 Acres
Additional Details
Gross Income
$104,400
Building Details
Building Size
4,388 SF
Year Built
1959
Stories
1
Listing Agency:
GOLDEN WEST REAL ESTATE
(909) 610-5665
Listed By:
LAWRENCE SCHOELCH
(909) 610-5665
Source:
Evrealestate
Added: Jun 20
Changed: Aug 29
Last Checked: Aug 8 at 6:41AM
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 GOLDEN WEST REAL ESTATE
Investment Insights
Based on property information with market context.
This multifamily property at 14650 Boyle in Fontana includes multiple residential units totaling approximately 4,388 SF, with 11 bedrooms and 5 bathrooms. The improvements include updated roofs, dual-pane windows, water heaters, electrical work, plumbing upgrades, and other property enhancements. The units currently generate rental income, subject to buyer verification of the operating details.
The property occupies a 38,108 SF, approximately 0.87-acre flat lot within Fontana’s commercial and industrial corridor. Surrounding businesses include commercial, industrial, warehouse, transportation, and contractor-related operations. The site may offer future development flexibility, subject to city approval and verification of zoning, land use, permits, square footage, and development potential.
The property occupies a 38,108 SF, approximately 0.87-acre flat lot within Fontana’s commercial and industrial corridor. Surrounding businesses include commercial, industrial, warehouse, transportation, and contractor-related operations. The site may offer future development flexibility, subject to city approval and verification of zoning, land use, permits, square footage, and development potential.
Key Highlights
- 38,108 SF lot measuring approximately 0.87 acres
- Multiple residential units totaling approximately 4,388 SF
- Unit configuration includes 11 bedrooms and 5 bathrooms
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
$59,388
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
4.47%
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%
$1,187,760
$1.2M
Cap Rate 7%
$848,400
$848.4K
Cap Rate 9%
$659,867
$659.9K
Market Conditions
NOI Build-Up for 4,388 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
$114.3K $26.04/SF
− Vacancy
−$6.3K −$1.43/SF
EGI
$108.0K $24.61/SF
− OpEx
−$48.6K −$11.07/SF
NOI
$59.4K $13.53/SF
Area
Fontana, CA
Vacancy
5.50%
Lease Rate
$26.04 /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%
$1,187,760
Cap Rate 7%
$848,400
Cap Rate 9%
$659,867
Alternative Uses
Best Use
Apartment 5plus
$848.4K
$742.4K – $989.8K
NOI $59,388 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,378 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 92337, CA
36,394
Population
9,730
Households
3.7
Avg Household Size
33
Median Age
16%
College-Educated
78%
High-School Grad
13.7 sq mi
ZIP Area
2,656
Density / Sq Mi
$104,936
Median Household Income
$41,372
Median Earnings
$2,120
Median Rent
$519,400
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?
Multifamily property - Residential units provide current rental income alongside recent building-system and exterior improvements.
Where is this multifamily property located?
The property is located at 14650 Boyle Avenue Fontana, CA.
What is the asking price?
The asking price for this property is $1,330,000.
What are key features of this property?
This property features: 38,108 SF lot measuring approximately 0.87 acres; Multiple residential units totaling approximately 4,388 SF; Unit configuration includes 11 bedrooms and 5 bathrooms
