Duplex Residence With Private
For Sale
$900,000
1935 Royalty Drive, Pomona, CA 91767
Duplex unit with private driveway and garage, offering a functional four-bedroom, two-bath layout in Pomona near major freeways.
Property Size2,016 SF
Days on Market63
Property Features for 1935 Royalty Drive
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Duplex
Units
Unit Mix
1 x 4BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Building Details
Building Size
2,016 SF
Year Built
1963
Listing Agency:
JohnHart Real Estate
Listed By:
Benyamin Aghaee · License #01937000
(818) 802-9589
Source:
Camdenmckayre
Added: Jul 16
Changed: Sep 3
Last Checked: Sep 15 at 9:33AM
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.
Duplex residence featuring a spacious four-bedroom, two-bath layout as one of two units within a duplex. The home includes its own private driveway and garage for added convenience and parking. Inside, the floor plan is designed for everyday living with bright, inviting living spaces and well-sized bedrooms to support a range of household needs.
Located in the heart of Pomona at 1935 Royalty Drive, the property is positioned near shopping, dining, schools, and major freeways, supporting straightforward access to the surrounding area.
Built in 1963, this two-unit duplex provides a practical, comfortable option for tenants seeking a self-contained driveway and garage while remaining in a convenient Pomona location.
Located in the heart of Pomona at 1935 Royalty Drive, the property is positioned near shopping, dining, schools, and major freeways, supporting straightforward access to the surrounding area.
Built in 1963, this two-unit duplex provides a practical, comfortable option for tenants seeking a self-contained driveway and garage while remaining in a convenient Pomona location.
Key Highlights
- One of two units within a duplex
- Private driveway plus garage for parking convenience
- Four‑bedroom, two‑bath residential layout
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
$31,230
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
3.47%
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%
$624,600
$624.6K
Cap Rate 7%
$446,143
$446.1K
Cap Rate 9%
$347,000
$347.0K
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
$59.3K $29.40/SF
− Vacancy
−$2.5K −$1.23/SF
EGI
$56.8K $28.17/SF
− OpEx
−$25.6K −$12.67/SF
NOI
$31.2K $15.49/SF
Area
Pomona, CA
Vacancy
4.20%
Lease Rate
$29.40 /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%
$624,600
Cap Rate 7%
$446,143
Cap Rate 9%
$347,000
Alternative Uses
Best Use
Apartment 5plus
$446.1K
$390.4K – $520.5K
NOI $31,230 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
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
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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
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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?
Multifamily property - Duplex unit with private driveway and garage, offering a functional four-bedroom, two-bath layout in Pomona near major freeways.
Where is this multifamily property located?
The property is located at 1935 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: One of two units within a duplex; Private driveway plus garage for parking convenience; Four‑bedroom, two‑bath residential layout
