Three-Unit Residential Income
For Sale
$1,050,000
322 W B, Ontario, CA 91762
Three separate single residential units with inside laundry and a detached one-car garage plus three parking spaces.
Property Size2,641 SF
Days on Market73
Property Features for 322 W B
General Information
Standard status
Active
Size
2,641 SF
Total Parking Spaces
4
Property subtype
Investment
Additional Details
Multifamily Units
3
Amenities
inside laundry area
Building Details
Building Size
2,641 SF
Year Built
1917
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
RE/MAX One
Listed By:
Felipe Gallardo · License #01221047
(714) 743-5029
Source:
Elliman
Added: Jun 25
Changed: Sep 4
Last Checked: Aug 15 at 5:34AM
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 RE/MAX One
Investment Insights
Based on property information with market context.
This three-unit residential income property consists of three separate single-residential homes at 322, 322-1/2, and 322B W B Street. The property has recently been painted and features a fairly new roof. Each unit includes an inside laundry area. Parking is supported by a one-car detached garage and three additional parking spaces.
The parking lot adjacent to the property is not included in the sale.
The overall configuration is a small, multi-unit setup designed for separate residential use within one property footprint.
The parking lot adjacent to the property is not included in the sale.
The overall configuration is a small, multi-unit setup designed for separate residential use within one property footprint.
Key Highlights
- 1917‑built tri‑plex with 3 separate single residential units
- Units located at 322, 322‑1/2, and 322B W B Street, Ontario
- Recently painted interior and fairly new roof
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
$38,907
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
3.71%
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%
$778,140
$778.1K
Cap Rate 7%
$555,814
$555.8K
Cap Rate 9%
$432,300
$432.3K
Market Conditions
NOI Build-Up for 2,641 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
$58.6K $22.20/SF
− Vacancy
−$3.0K −$1.15/SF
EGI
$55.6K $21.05/SF
− OpEx
−$16.7K −$6.31/SF
NOI
$38.9K $14.73/SF
Area
Ontario, CA
Vacancy
5.20%
Lease Rate
$22.20 /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%
$778,140
Cap Rate 7%
$555,814
Cap Rate 9%
$432,300
Alternative Uses
Best Use
Multifamily LT 5
$555.8K
$486.3K – $648.5K
NOI $38,907 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$477.3K
$417.6K – $556.8K
NOI $33,410 @ 7.0% cap · market cap 3.18%
Theoretical Best
Specialty Retail
$683.0K
$597.7K – $796.9K
NOI $47,813 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,529
Businesses Nearby
Explore this area
Business Placement
Demographics for 91762, CA
62,524
Population
20,163
Households
3.1
Avg Household Size
34
Median Age
21%
College-Educated
77%
High-School Grad
14.3 sq mi
ZIP Area
4,372
Density / Sq Mi
$76,289
Median Household Income
$40,085
Median Earnings
$1,752
Median Rent
$568,700
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 - Three separate single residential units with inside laundry and a detached one-car garage plus three parking spaces.
Where is this triplex located?
The property is located at 322 W B Ontario, 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: 1917‑built tri‑plex with 3 separate single residential units; Units located at 322, 322‑1/2, and 322B W B Street, Ontario; Recently painted interior and fairly new roof
