Quadplex with Remodeled
For Sale
$1,050,000
370 N Palomares, Pomona, CA 91767
Four-unit quadplex features two newly constructed ADUs completed in 2024 and two units remodeled in 2024, with permits available.
Property Size3,068 SF
Days on Market19
Property Features for 370 N Palomares
General Information
Standard status
Active
Size
3,068 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
3,068 SF
Year Built
1904
Year Renovated
2024
Tenancy
Multi
Listing Agency:
Wetrust Realty
Listed By:
Michael Kwok · License #01958552
Source:
Camdenmckayre
Added: Jul 26
Changed: Aug 10
Last Checked: Aug 12 at 2:17PM
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 Wetrust Realty
Investment Insights
Based on property information with market context.
This quadplex offers a total of 4 units: an original duplex plus two newly constructed ADUs completed in 2024. The two N Palomares ADUs include a newer 2-bedroom, 1-bath unit and a newer 1-bedroom, 1-bath unit, both built in 2024. The remaining two units were updated in 2024 with interior improvements such as new paint, flooring, kitchen, and bathroom finishes. One of the units also received additional bathroom vanity updates in 2026.
The property is 100% tenant occupied. Drive-by only, with offers subject to interior inspection and buyer verification of all information, including square footage, permits, and rental income. ADU permits are available in the MLS Supplements for buyer review.
Built in 1904, the property is located in Pomona near Western University of Health Sciences, with convenient access to the 10, 60, and 71 Freeways.
The property is 100% tenant occupied. Drive-by only, with offers subject to interior inspection and buyer verification of all information, including square footage, permits, and rental income. ADU permits are available in the MLS Supplements for buyer review.
Built in 1904, the property is located in Pomona near Western University of Health Sciences, with convenient access to the 10, 60, and 71 Freeways.
Key Highlights
- Four units: original duplex plus two ADUs completed in 2024
- Two ADUs on N Palomares built in 2024: one 2‑bed/1‑bath, one 1‑bed/1‑bath
- Unit at 370 N Palomares remodeled in 2024 with new interior paint, flooring, kitchen, and bathroom
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
$51,684
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
4.92%
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%
$1,033,680
$1.0M
Cap Rate 7%
$738,343
$738.3K
Cap Rate 9%
$574,267
$574.3K
Market Conditions
NOI Build-Up for 3,068 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
$77.3K $25.20/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$73.8K $24.07/SF
− OpEx
−$22.2K −$7.22/SF
NOI
$51.7K $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%
$1,033,680
Cap Rate 7%
$738,343
Cap Rate 9%
$574,267
Alternative Uses
Best Use
Multifamily LT 5
$738.3K
$646.1K – $861.4K
NOI $51,684 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$678.9K
$594.1K – $792.1K
NOI $47,526 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$983.7K
$860.8K – $1.15M
NOI $68,861 @ 7.0% cap · market cap 6.56%
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
1,339
Businesses Nearby
Explore this area
Business Placement
Demographics for 91767, CA
51,654
Population
15,653
Households
3.3
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
5.7 sq mi
ZIP Area
9,062
Density / Sq Mi
$80,201
Median Household Income
$37,340
Median Earnings
$1,749
Median Rent
$585,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex features two newly constructed ADUs completed in 2024 and two units remodeled in 2024, with permits available.
Where is this quadplex located?
The property is located at 370 N Palomares 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 units: original duplex plus two ADUs completed in 2024; Two ADUs on N Palomares built in 2024: one 2‑bed/1‑bath, one 1‑bed/1‑bath; Unit at 370 N Palomares remodeled in 2024 with new interior paint, flooring, kitchen, and bathroom
