Single-Story Quadplex with
For Sale
$1,300,000
1845 S Euclid Ave, Ontario, CA 91762
Four single-story residences offer private garages, backyard areas, and in-garage laundry hookups.
Property Size2,840 SF
Price / SF$457.75
Days on Market19
Property Features for 1845 S Euclid Ave
General Information
Standard status
Active
Size
2,840 SF
Property subtype
Residential Income
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1956
Stories
1
Listing Agency:
Marcus & Millichap
(310) 909-5500
Listed By:
Oscar Diaz · License #02022902
(213) 943-1884
Source:
Exprealty
Added: Sep 3
Changed: Sep 20
Last Checked: Sep 20 at 2:26PM
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 four-unit multifamily property occupies a corner lot along S Euclid Avenue in Ontario, California. Built in 1956, the single-story layout includes four two-bedroom, one-bathroom residences. Each unit has a private garage, a private backyard, and laundry hookups within the garage, with additional open parking in front of the garage spaces. New windows were installed in 2024, and each residence has separate electric and gas metering.
The property is situated in a primarily single-family residential area near Ontario Christian School. Ontario International Airport recorded more than 7.1 million passengers in 2025. Nearby development includes the Ontario Sports Empire and ONT Field, which opened in 2026, along with expansion around Toyota Arena’s Arena District.
The property is situated in a primarily single-family residential area near Ontario Christian School. Ontario International Airport recorded more than 7.1 million passengers in 2025. Nearby development includes the Ontario Sports Empire and ONT Field, which opened in 2026, along with expansion around Toyota Arena’s Arena District.
Key Highlights
- Four‑unit property with four 2‑bedroom, 1‑bathroom residences
- Each unit includes a private garage and private backyard
- Laundry hookups provided inside every unit’s garage
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
$41,839
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%
$836,780
$836.8K
Cap Rate 7%
$597,700
$597.7K
Cap Rate 9%
$464,878
$464.9K
Market Conditions
NOI Build-Up for 2,840 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
$63.0K $22.20/SF
− Vacancy
−$3.3K −$1.15/SF
EGI
$59.8K $21.05/SF
− OpEx
−$17.9K −$6.31/SF
NOI
$41.8K $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%
$836,780
Cap Rate 7%
$597,700
Cap Rate 9%
$464,878
Alternative Uses
Best Use
Multifamily LT 5
$597.7K
$523.0K – $697.3K
NOI $41,839 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$513.3K
$449.1K – $598.8K
NOI $35,928 @ 7.0% cap · market cap 2.76%
Theoretical Best
Specialty Retail
$734.5K
$642.7K – $856.9K
NOI $51,416 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
613
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
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?
Quadplex - Four single-story residences offer private garages, backyard areas, and in-garage laundry hookups.
Where is this quadplex located?
The property is located at 1845 S Euclid Ave Ontario, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit property with four 2‑bedroom, 1‑bathroom residences; Each unit includes a private garage and private backyard; Laundry hookups provided inside every unit’s garage
