Quadplex Property with Two
For Sale
$2,280,000
2205 W Ramona Road, Alhambra, CA 91803
Two four-plex buildings totaling eight two-bedroom units, fully occupied, with individual water heaters and laundry hookups.
Property Size7,112 SF
Days on Market89
Property Features for 2205 W Ramona Road
General Information
Standard status
Active
Size
7,112 SF
Property subtype
Apartment
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
Individual water heater in the unit
Laundry Hook up for Each Unit
Building Details
Building Size
7,112 SF
Year Built
1946
Buildings
2
Tenancy
Multi
Listing Agency:
IRN Realty
(626) 327-4881
Listed By:
Yeou-Shu Wang · License #01055458
Source:
Archetyperealty
Added: May 17
Changed: Aug 8
Last Checked: Aug 12 at 2:25PM
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 IRN Realty
Investment Insights
Based on property information with market context.
This quadplex property features two separate four-plex buildings totaling eight units. Each unit is a two-bedroom, one-bath layout. The property was built in 1946 and is currently fully occupied, supporting an immediately stabilized setup for an owner seeking straightforward multifamily management.
Residents benefit from individual water heaters in each unit. Laundry hook-ups are provided for each unit, supporting day-to-day convenience without requiring shared facilities. The property also includes four double car garages and ample on-site parking.
Convenient access is a strong practical factor, with Easy access to Freeway 10. The area is described as being near California State University Los Angeles and Downtown LA, offering tenant demand drivers tied to nearby employment and higher education.
Residents benefit from individual water heaters in each unit. Laundry hook-ups are provided for each unit, supporting day-to-day convenience without requiring shared facilities. The property also includes four double car garages and ample on-site parking.
Convenient access is a strong practical factor, with Easy access to Freeway 10. The area is described as being near California State University Los Angeles and Downtown LA, offering tenant demand drivers tied to nearby employment and higher education.
Key Highlights
- Two four‑plex buildings totaling eight two‑bedroom, one‑bath units
- Fully occupied
- Individual water heater in each unit
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
$124,201
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
5.45%
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%
$2,484,020
$2.5M
Cap Rate 7%
$1,774,300
$1.8M
Cap Rate 9%
$1,380,011
$1.4M
Market Conditions
NOI Build-Up for 7,112 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
$192.0K $27.00/SF
− Vacancy
−$14.6K −$2.05/SF
EGI
$177.4K $24.95/SF
− OpEx
−$53.2K −$7.48/SF
NOI
$124.2K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /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%
$2,484,020
Cap Rate 7%
$1,774,300
Cap Rate 9%
$1,380,011
Alternative Uses
Best Use
Multifamily LT 5
$1.77M
$1.55M – $2.07M
NOI $124,201 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$1.63M
$1.43M – $1.91M
NOI $114,438 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,542 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
Explore this area
Business Placement
Demographics for 91803, CA
29,374
Population
10,439
Households
2.8
Avg Household Size
42
Median Age
37%
College-Educated
80%
High-School Grad
3.3 sq mi
ZIP Area
8,901
Density / Sq Mi
$84,537
Median Household Income
$47,579
Median Earnings
$1,790
Median Rent
$831,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two four-plex buildings totaling eight two-bedroom units, fully occupied, with individual water heaters and laundry hookups.
Where is this quadplex located?
The property is located at 2205 W Ramona Road Alhambra, CA.
What is the asking price?
The asking price for this property is $2,280,000.
What are key features of this property?
This property features: Two four‑plex buildings totaling eight two‑bedroom, one‑bath units; Fully occupied; Individual water heater in each unit
