Apartment
New
For Sale
$1,725,000
285 W Center Street, Pomona, CA 91768
Located in Pomona, this property is identified as an apartment building.
Property Size7,488 SF
Days on Market4
Property Features for 285 W Center Street
General Information
Standard status
Active
Size
7,488 SF
Total Parking Spaces
9
Property subtype
Residential Income
Net Operating Income
$111,629
Taxes and HOA fees
Annual Taxes
$24,444
Amenities
Curbs, Street Lights, Sidewalks
Building Details
Building Size
7,488 SF
Year Built
1914
Buildings
1
Stories
3
Listed By:
Damien Breaux
(949) 662-2916
Source:
Evrealestate
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:29AM
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 Damien Breaux
Investment Insights
Based on property information with market context.
This apartment building dates to 1914 and is located at 285 W Center Street in Pomona, California. The property is in Los Angeles County.
Key Highlights
- Built in 1914
- Located at 285 W Center Street, Pomona, CA 91768
- Situated in Los Angeles County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,996
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,319,920
$2.3M
Cap Rate 7%
$1,657,086
$1.7M
Cap Rate 9%
$1,288,844
$1.3M
Market Conditions
NOI Build-Up for 7,488 SF
Gross rent
$220.1K $29.40/SF
− Vacancy
−$9.2K −$1.23/SF
EGI
$210.9K $28.17/SF
− OpEx
−$94.9K −$12.67/SF
NOI
$116.0K $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 Rate 5%
$2,319,920
Cap Rate 7%
$1,657,086
Cap Rate 9%
$1,288,844
Alternative Uses
Best Use
Apartment 5plus
$1.66M
$1.45M – $1.93M
NOI $115,996 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,067 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,976
Businesses Nearby
Explore this area
Business Placement
Demographics for 91768, CA
35,568
Population
8,848
Households
4
Avg Household Size
31
Median Age
14%
College-Educated
70%
High-School Grad
8.2 sq mi
ZIP Area
4,338
Density / Sq Mi
$76,313
Median Household Income
$32,461
Median Earnings
$1,606
Median Rent
$536,500
Median Home Value
Check the figures for this property
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?
Apartment building - Located in Pomona, this property is identified as an apartment building.
Where is this apartment building located?
The property is located at 285 W Center Street Pomona, CA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Built in 1914; Located at 285 W Center Street, Pomona, CA 91768; Situated in Los Angeles County
