Four-Bedroom Duplex
For Sale
$900,000
1924 Royalty Drive, Pomona, CA 91767
Pomona, CA
Property Size2,016 SF
Lot Size0.19 Acres
Price / SF$446.43
Days on Market50
Property Features for 1924 Royalty Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
POR2*
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Kitchen, Bathroom 2, Laundry Room, Bedroom 3
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 E La Verne Ave and Vinton Ave
Subdivision
687 - Pomona
Standard status
Active
APN
8362016007
Size
2,016 SF
Lot size
0.19 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: Aug 25
Last Checked: Aug 31 at 3:06AM
MLS# SR26155679
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 residence offers 2,016 square feet with four bedrooms and two bathrooms arranged across a functional floor plan. The home includes a kitchen, laundry room, central air, private driveway, and garage. Built in 1963, the property is served by public water and public sewer and carries POR2* zoning.
The residence is one of two units within the duplex and is located in Pomona, California. Its address is 1924 Royalty Drive, Pomona, CA 91767, in Los Angeles County. The property occupies a 0.1928-acre lot.
The residence is one of two units within the duplex and is located in Pomona, California. Its address is 1924 Royalty Drive, Pomona, CA 91767, in Los Angeles County. The property occupies a 0.1928-acre lot.
Key Highlights
- 4‑bedroom, 2‑bathroom duplex residence
- 2,016 square feet of property size
- Private driveway and 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
$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
1
Residential units
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 - Private driveway and garage provide dedicated access and parking for this residence.
Where is this duplex located?
The property is located at 1924 Royalty Drive 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: 4‑bedroom, 2‑bathroom duplex residence; 2,016 square feet of property size; Private driveway and garage
