19-Unit Multifamily
For Sale
Contact for pricing
383 Orchid Lane, Pomona, CA 91766
Fully occupied apartment asset with R-3 zoning, garage improvements, and a renovation history across select units.
Property Size15,200 SF
Price / SF$296.05
Days on Market104
Property Features for 383 Orchid Lane
General Information
Standard status
Active
Size
15,200 SF
Class
C
Total Parking Spaces
25
Property subtype
Multifamily
Zoning
R-3
Occupancy
94%
Investment Type
Value Add
Net Operating Income
$174,668
Additional Details
Asking Price
$4,500,000
Multifamily Units
19
Building Details
Year Built
1960
Stories
2
Units
19
Tenancy
Multi
Listing Agency:
Newmontis Real Estate Investment Banking
Listed By:
Trevor C. Nelson · License #CA 01495150
Source:
Crexi
Added: Jul 6
Changed: Oct 15
Last Checked: Oct 16 at 7:28AM
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 Newmontis Real Estate Investment Banking
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Investment Insights
Based on property information with market context.
Built in 1960, this 19-unit multifamily property contains 15,200 square feet and is fully occupied. The asset includes 25 garages, providing additional on-site utility beyond the apartment inventory. Seven units have been renovated, adding an established improvement history to the property.
The property is located at 383 Orchid Lane in Pomona, California. It carries R-3 zoning, and the source information states that Pomona has no local rent control ordinance. The combination of apartment units, garage structures, occupancy, and prior unit renovations provides a clear physical profile for multifamily ownership review.
The property is located at 383 Orchid Lane in Pomona, California. It carries R-3 zoning, and the source information states that Pomona has no local rent control ordinance. The combination of apartment units, garage structures, occupancy, and prior unit renovations provides a clear physical profile for multifamily ownership review.
Key Highlights
- 19‑unit multifamily property
- 15,200 square feet built in 1960
- Fully occupied apartment asset
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$235,461
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,709,220
$4.7M
Cap Rate 7%
$3,363,729
$3.4M
Cap Rate 9%
$2,616,233
$2.6M
Market Conditions
NOI Build-Up for 15,200 SF
Gross rent
$446.9K $29.40/SF
− Vacancy
−$18.8K −$1.23/SF
EGI
$428.1K $28.17/SF
− OpEx
−$192.6K −$12.67/SF
NOI
$235.5K $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%
$4,709,220
Cap Rate 7%
$3,363,729
Cap Rate 9%
$2,616,233
Alternative Uses
Best Use
Apartment 5plus
$3.36M
$2.94M – $3.92M
NOI $235,461 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.87M
$4.26M – $5.69M
NOI $341,161 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
Business Placement
Demographics for 91766, CA
70,701
Population
20,217
Households
3.5
Avg Household Size
34
Median Age
20%
College-Educated
71%
High-School Grad
10.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$77,699
Median Household Income
$34,705
Median Earnings
$1,776
Median Rent
$568,300
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
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment asset with R-3 zoning, garage improvements, and a renovation history across select units.
Where is this apartment building located?
The property is located at 383 Orchid Lane Pomona, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 19‑unit multifamily property; 15,200 square feet built in 1960; Fully occupied apartment asset
