370 N Palomares, Pomona, CA 91767

Building Details

Building Size 3,068 SF More

Year Built 1904 More

Year Renovated 2024 More

Tenancy Multi More

Listing Agency: Wetrust Realty

Listed By: Michael Kwok · License #01958552

Source: Camdenmckayre

Added: Jul 26 Changed: Nov 5 Last Checked: Nov 8 at 12:19PM

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Review the available facts, identify missing information and prepare questions for the agent.

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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.

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 / Yr

$51,684

Cap Rate

4.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,033,680 $1.0M

Cap Rate 7%

$738,343 $738.3K

Cap Rate 9%

$574,267 $574.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,068 SF

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 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 (±1% cap)

NOI $51,684 @ 7.0% cap · market cap 4.92%

Second Best

Apartment 5plus

$678.9K

$594.1K – $792.1K (±1% cap)

NOI $47,526 @ 7.0% cap · market cap 4.53%

Theoretical Best

Office A

$983.7K

$860.8K – $1.15M (±1% cap)

NOI $68,861 @ 7.0% cap · market cap 6.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2,241

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

Average Price Trend$/SF for Quadplexes in Los Angeles County, CA

$451 Jul

$462 Aug

$475 Sep

$495 Oct

Properties on Market for Quadplexes in Los Angeles County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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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