Four-Unit Multifamily
For Sale
$1,050,000
2459 Angela St, Pomona, CA 91766
Residential income property with a varied unit mix, individual tenant-paid utilities, and four garage parking spaces.
Property Size3,818 SF
Lot Size0.17 Acres
Days on Market81
Property Features for 2459 Angela St
General Information
Standard status
Active
Size
3,818 SF
Net Rentable
3,818 SF
Total Parking Spaces
4
Lot size
0.17 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Building Details
Building Size
3,818 SF
Year Built
1963
Listing Agency:
Maywood Property Group
(310) 650-9696
Listed By:
Nicholas Hayner
(310) 650-9696
Source:
Kwelsalvador.kw
Added: Jun 10
Changed: Aug 28
Last Checked: Aug 25 at 9:35AM
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 Maywood Property Group
Investment Insights
Based on property information with market context.
Built in 1963, this four-unit multifamily property includes approximately 3,818 rentable square feet on a 7,538-square-foot parcel. The configuration comprises one three-bedroom, one-bath unit; two two-bedroom, one-bath units; and one one-bedroom, one-bath unit. Four garage parking spaces serve the property, while tenants pay gas and electricity.
The property is located at 2459 Angela St in Pomona, California, with access to the 60 and 71 Freeways. Its mix of residential layouts and established construction provides a clearly defined multifamily configuration for an income-producing property.
The property is located at 2459 Angela St in Pomona, California, with access to the 60 and 71 Freeways. Its mix of residential layouts and established construction provides a clearly defined multifamily configuration for an income-producing property.
Key Highlights
- Four residential units totaling approximately 3,818 rentable square feet
- Unit mix includes one 3 Bed / 1 Bath, two 2 Bed / 1 Bath, and one 1 Bed / 1 Bath units
- Situated on a 7,538 square foot parcel at 2459 Angela St, Pomona, CA 91766
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
$64,319
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
6.13%
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%
$1,286,380
$1.3M
Cap Rate 7%
$918,843
$918.8K
Cap Rate 9%
$714,656
$714.7K
Market Conditions
NOI Build-Up for 3,818 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
$96.2K $25.20/SF
− Vacancy
−$4.3K −$1.13/SF
EGI
$91.9K $24.07/SF
− OpEx
−$27.6K −$7.22/SF
NOI
$64.3K $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%
$1,286,380
Cap Rate 7%
$918,843
Cap Rate 9%
$714,656
Alternative Uses
Best Use
Multifamily LT 5
$918.8K
$804.0K – $1.07M
NOI $64,319 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$844.9K
$739.3K – $985.7K
NOI $59,144 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,694 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 91766, CA
70,701
Population
20,217
Households
3.5
Avg Household Size
34
Median Age
20%
College-Educated
71%
High-School Grad
10.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$77,699
Median Household Income
$34,705
Median Earnings
$1,776
Median Rent
$568,300
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 - Residential income property with a varied unit mix, individual tenant-paid utilities, and four garage parking spaces.
Where is this quadplex located?
The property is located at 2459 Angela St Pomona, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four residential units totaling approximately 3,818 rentable square feet; Unit mix includes one 3 Bed / 1 Bath, two 2 Bed / 1 Bath, and one 1 Bed / 1 Bath units; Situated on a 7,538 square foot parcel at 2459 Angela St, Pomona, CA 91766
