Pomona Triplex: Investment
For Sale
Contact for pricing
Pending
291 W Artesia St, Pomona, CA 91768
Triplex in Pomona with remodeled units and income potential.
Property Size2,540 SF
Days on Market188
Property Features for 291 W Artesia St
General Information
Standard status
Pending
Size
2,540 SF
Property subtype
Multifamily
Zoning
Triplex
Occupancy
100%
Net Operating Income
$62,320
Building Details
Year Built
1959
Year Renovated
2024
Buildings
1
Stories
1
Units
3
Listing Agency:
Keller Williams Irvine
Listed By:
Zahra Almahayni · License #02163304
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 8 at 6:37AM
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 Keller Williams Irvine
Investment Insights
Based on property information with market context.
This Pomona property presents an investment opportunity as a zoned triplex, featuring three units. Two of the units have been fully remodeled. The property has received fresh exterior paint and updated landscaping. Each unit is equipped with separate gas and electric meters and includes an assigned one-car garage. Unit #291 has 2 bedrooms and 2 bathrooms, along with a private front patio. Unit #293 features 2 bedrooms and 1 bathroom, a front patio, and a backyard. Unit #295 also has 2 bedrooms and 1 bathroom, a front patio, and a backyard. The property is situated in a quiet residential neighborhood with access to the 10 Freeway and is one block from the Fairplex (LA County Fairgrounds). It is also located near Pomona Valley Hospital, Brackett Field Airport, Sheraton Hotel, Cal Poly Pomona, Western University, Mt. SAC, and Pomona College. The property has a 4.1% cap rate based on the current income of $75,600 per year, with local market rents supporting an estimated $96,000 per year pro forma income, or approximately a 5% cap rate. The estimated expense ratio is approximately 35%. The property size is 2540 square feet. This property is suitable for investors or owner-users seeking an income-producing property.
Key Highlights
- Strong 4.1% cap rate based on current income with potential to increase to ~5% based on pro forma income.
- Zoned triplex with three units, offering immediate rental income.
- Two of the three units are fully remodeled.
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
$42,789
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
3.58%
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%
$855,780
$855.8K
Cap Rate 7%
$611,271
$611.3K
Cap Rate 9%
$475,433
$475.4K
Market Conditions
NOI Build-Up for 2,540 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
$64.0K $25.20/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$61.1K $24.07/SF
− OpEx
−$18.3K −$7.22/SF
NOI
$42.8K $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%
$855,780
Cap Rate 7%
$611,271
Cap Rate 9%
$475,433
Alternative Uses
Best Use
Multifamily LT 5
$611.3K
$534.9K – $713.2K
NOI $42,789 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$562.1K
$491.8K – $655.8K
NOI $39,347 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$814.4K
$712.6K – $950.2K
NOI $57,010 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,299
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex in Pomona with remodeled units and income potential.
Where is this triplex located?
The property is located at 291 W Artesia St Pomona, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Strong 4.1% cap rate based on current income with potential to increase to ~5% based on pro forma income.; Zoned triplex with three units, offering immediate rental income.; Two of the three units are fully remodeled.
