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 Market59
Property Features for 383 Orchid Lane
General Information
Standard status
Active
Size
15,200 SF
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: Aug 30
Last Checked: Aug 31 at 5:55PM
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
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 = 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
$235,461
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
5.23%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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
