Two-Parcel Four-Unit Duplex
For Sale
Contact for pricing
1924-1936 Royalty Drive, Pomona, CA 91767
Adjacent buildings provide four residential units across separate parcels.
Property Size4,032 SF
Price / SF$452.88
Days on Market91
Property Features for 1924-1936 Royalty Drive
General Information
Standard status
Active
Size
4,032 SF
Property subtype
Multifamily
Zoning
Assessor
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Buildings
2
Units
4
Listing Agency:
JohnHart Real Estate
(818) 802-9589
Listed By:
Benyamin Aghaee · License #01937000
Source:
Crexi
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 5:38AM
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 JohnHart Real Estate
Investment Insights
Based on property information with market context.
This offering combines two adjacent duplex buildings at 1924 Royalty Drive and 1936 Royalty Drive in Pomona. Each building contains two 2-bedroom, 1-bathroom units and approximately 2,016 square feet of living space. Together, the properties provide four residential units, approximately 4,032 square feet, 8 bedrooms, and 4 bathrooms across two separate parcels.
The properties are positioned in an established residential neighborhood near shopping, dining, schools, parks, and major transportation routes. The configuration provides a multi-unit residential asset distributed across two parcels, with each duplex operating as a separate building.
The properties are positioned in an established residential neighborhood near shopping, dining, schools, parks, and major transportation routes. The configuration provides a multi-unit residential asset distributed across two parcels, with each duplex operating as a separate building.
Key Highlights
- Four residential units across two separate parcels
- Each duplex includes two 2‑bedroom, 1‑bathroom units
- Approximately 2,016 square feet per building
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
$67,924
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
3.72%
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%
$1,358,480
$1.4M
Cap Rate 7%
$970,343
$970.3K
Cap Rate 9%
$754,711
$754.7K
Market Conditions
NOI Build-Up for 4,032 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
$101.6K $25.20/SF
− Vacancy
−$4.6K −$1.13/SF
EGI
$97.0K $24.07/SF
− OpEx
−$29.1K −$7.22/SF
NOI
$67.9K $16.85/SF
Area
Pomona, CA
Vacancy
4.50%
Lease Rate
$25.20 /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%
$1,358,480
Cap Rate 7%
$970,343
Cap Rate 9%
$754,711
Alternative Uses
Best Use
Multifamily LT 5
$970.3K
$849.1K – $1.13M
NOI $67,924 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$892.3K
$780.7K – $1.04M
NOI $62,459 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,497 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,250
Businesses Nearby
Explore this area
Business Placement
Demographics for 91767, CA
51,654
Population
15,653
Households
3.3
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
5.7 sq mi
ZIP Area
9,062
Density / Sq Mi
$80,201
Median Household Income
$37,340
Median Earnings
$1,749
Median Rent
$585,100
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?
Duplex - Adjacent buildings provide four residential units across separate parcels.
Where is this duplex located?
The property is located at 1924-1936 Royalty Drive Pomona, CA.
What is the asking price?
The asking price for this property is $1,826,000.
What are key features of this property?
This property features: Four residential units across two separate parcels; Each duplex includes two 2‑bedroom, 1‑bathroom units; Approximately 2,016 square feet per building
