Six-Unit Apartment
For Sale
$1,899,000
5351 & 5361 W Maitland Street, Ontario, CA 91762
Well-maintained six-unit property with six 2-bedroom, 1-bath units in Ontario with convenient access to local amenities.
Property Size7,423 SF
Days on Market55
Property Features for 5351 & 5361 W Maitland Street
General Information
Standard status
Active
Size
7,423 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Multifamily Units
6
Building Details
Building Size
7,423 SF
Year Built
1926
Tenancy
Multi
Listing Agency:
PONCE & PONCE REALTY, INC
(323) 774-4481
Listed By:
MINERVA RODAS · License #02152314
Source:
Camdenmckayre
Added: Jul 9
Changed: Aug 28
Last Checked: Aug 31 at 12:07AM
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 PONCE & PONCE REALTY, INC
Investment Insights
Based on property information with market context.
This well-maintained six-unit apartment property includes six spacious 2-bedroom, 1-bath units. The configuration supports straightforward rental housing, with each unit featuring the same two-bedroom, one-bath layout.
Located in Ontario near shopping centers, restaurants, schools, and major freeways, the property is positioned for convenient daily access. Mobility scores provided indicate a somewhat bikeable environment (Bike Score 43) with more car-dependent patterns (Walk Score 35; Transit Score 27).
The building’s 6-unit structure and consistent unit mix may appeal to buyers seeking an income-producing multifamily asset centered on long-term rental housing.
Located in Ontario near shopping centers, restaurants, schools, and major freeways, the property is positioned for convenient daily access. Mobility scores provided indicate a somewhat bikeable environment (Bike Score 43) with more car-dependent patterns (Walk Score 35; Transit Score 27).
The building’s 6-unit structure and consistent unit mix may appeal to buyers seeking an income-producing multifamily asset centered on long-term rental housing.
Key Highlights
- Well‑maintained 6‑unit multifamily property built in 1926
- All units are 2‑bedroom, 1‑bath, totaling six 2BR/1BA units
- Ontario location described as borderline Montclair and Chino
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
$93,905
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
4.94%
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%
$1,878,100
$1.9M
Cap Rate 7%
$1,341,500
$1.3M
Cap Rate 9%
$1,043,389
$1.0M
Market Conditions
NOI Build-Up for 7,423 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
$182.6K $24.60/SF
− Vacancy
−$11.9K −$1.60/SF
EGI
$170.7K $23.00/SF
− OpEx
−$76.8K −$10.35/SF
NOI
$93.9K $12.65/SF
Area
Ontario, CA
Vacancy
6.50%
Lease Rate
$24.60 /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%
$1,878,100
Cap Rate 7%
$1,341,500
Cap Rate 9%
$1,043,389
Alternative Uses
Best Use
Apartment 5plus
$1.34M
$1.17M – $1.57M
NOI $93,905 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,388 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Explore this area
Business Placement
Demographics for 91762, CA
62,524
Population
20,163
Households
3.1
Avg Household Size
34
Median Age
21%
College-Educated
77%
High-School Grad
14.3 sq mi
ZIP Area
4,372
Density / Sq Mi
$76,289
Median Household Income
$40,085
Median Earnings
$1,752
Median Rent
$568,700
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 - Well-maintained six-unit property with six 2-bedroom, 1-bath units in Ontario with convenient access to local amenities.
Where is this apartment building located?
The property is located at 5351 & 5361 W Maitland Street Ontario, CA.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Well‑maintained 6‑unit multifamily property built in 1926; All units are 2‑bedroom, 1‑bath, totaling six 2BR/1BA units; Ontario location described as borderline Montclair and Chino
