Four-Bedroom
For Sale
$900,000
1924 Bobolink Way, Pomona, CA 91767
Pomona, CA
Property Size2,016 SF
Lot Size0.18 Acres
Price / SF$446.43
Days on Market51
Property Features for 1924 Bobolink Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
POR2*
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Laundry Room, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2
Parking
2
Lot features
0-1 Unit/ Acre
View
City
Elementary school district
Pomona Unified
Middle school district
Pomona Unified
High school district
Pomona Unified
Directions
In between N Orange Grove and N Towne Ave
Subdivision
687 - Pomona
Standard status
Active
APN
8362005043
Size
2,016 SF
Lot size
0.18 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Floors in Building
1
Number of units
2
Listing Agency:
JohnHart Real Estate
(818) 246-1099
Listed By:
Benyamin Aghaee · License #01937000
(818) 802-9589
Added: Jul 13
Changed: Sep 1
Last Checked: Sep 1 at 1:06PM
MLS# SR26155565
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex property in Pomona contains 2,016 square feet and offers four bedrooms and two bathrooms. Built in 1963, the residence includes a laundry room, central air conditioning, and a lot measuring 0.1838 acres. The room configuration also includes separate living areas and kitchen space, although specific dimensions are not provided.
The property is served by public water and public sewer and is located in the 91767 postal area of Pomona, within Los Angeles County. Zoning is designated POR2*. The surrounding area is described as being near shopping, dining, schools, and freeway access.
The property is served by public water and public sewer and is located in the 91767 postal area of Pomona, within Los Angeles County. Zoning is designated POR2*. The surrounding area is described as being near shopping, dining, schools, and freeway access.
Key Highlights
- 2,016 square feet with four bedrooms and two bathrooms
- 0.1838‑acre lot in Pomona, CA 91767
- Central Air cooling system
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
$33,962
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
3.77%
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%
$679,240
$679.2K
Cap Rate 7%
$485,171
$485.2K
Cap Rate 9%
$377,356
$377.4K
Market Conditions
NOI Build-Up for 2,016 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
$50.8K $25.20/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$48.5K $24.07/SF
− OpEx
−$14.6K −$7.22/SF
NOI
$34.0K $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%
$679,240
Cap Rate 7%
$485,171
Cap Rate 9%
$377,356
Alternative Uses
Best Use
Multifamily LT 5
$485.2K
$424.5K – $566.0K
NOI $33,962 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$446.1K
$390.4K – $520.5K
NOI $31,230 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$646.4K
$565.6K – $754.2K
NOI $45,249 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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 - Residential income property with central air, public utilities, and a two-bath layout.
Where is this duplex located?
The property is located at 1924 Bobolink Way Pomona, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 2,016 square feet with four bedrooms and two bathrooms; 0.1838‑acre lot in Pomona, CA 91767; Central Air cooling system
