7-Unit Apartment
515 E Pasadena Street, Pomona, CA 91767
For Sale
$1,550,000
All seven residences are leased on a month-to-month basis.
Property Size4,467 SF
Price / SF$346.99
Days on Market121
Property Features for 515 E Pasadena Street
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
LOU EDWARDS FINANCIAL INC.
(949) 870-2882
Listed By:
LOU WU · License CA #02154371
Source:
35oakspropertygroup
Added: Jul 14
Changed: Nov 10
Last Checked: Nov 10 at 7:43PM
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 LOU EDWARDS FINANCIAL INC.
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Investment Insights
Based on property information with market context.
Remodeled in a seven-residence configuration, this apartment property contains 10 bedrooms and 7 bathrooms across 4,467 square feet. The building dates to 1927, and each unit is leased month to month.
The property is in Pomona, with access to major freeways and public transportation. Restaurants and businesses are located along Holt Avenue.
The property is in Pomona, with access to major freeways and public transportation. Restaurants and businesses are located along Holt Avenue.
Key Highlights
- Seven residential units with 10 bedrooms and 7 bathrooms
- 4,467 square feet; built in 1927
- Remodeled multifamily property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,198
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,960
$1.4M
Cap Rate 7%
$988,543
$988.5K
Cap Rate 9%
$768,867
$768.9K
Market Conditions
NOI Build-Up for 4,467 SF
Gross rent
$131.3K $29.40/SF
− Vacancy
−$5.5K −$1.23/SF
EGI
$125.8K $28.17/SF
− OpEx
−$56.6K −$12.67/SF
NOI
$69.2K $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%
$1,383,960
Cap Rate 7%
$988,543
Cap Rate 9%
$768,867
Alternative Uses
Best Use
Apartment 5plus
$988.5K
$865.0K – $1.15M
NOI $69,198 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,261 @ 7.0% cap · market cap 6.47%
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
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,537
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
$585,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - All seven residences are leased on a month-to-month basis.
Where is this apartment building located?
The property is located at 515 E Pasadena Street Pomona, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Seven residential units with 10 bedrooms and 7 bathrooms; 4,467 square feet; built in 1927; Remodeled multifamily property
