Five-Unit Apartment
New
For Sale
$1,690,000
610 Fillmore, Pomona, CA 91768
Three detached structures offer individually metered residences with private garages and laundry hookups.
Property Size3,955 SF
Days on Market4
Property Features for 610 Fillmore
General Information
Standard status
Active
Size
3,955 SF
Total Parking Spaces
6
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
5
Amenities
washer/dryer hookups
Building Details
Building Size
3,955 SF
Year Built
1960
Buildings
3
Stories
1
Units
5
Listing Agency:
IRN Realty
(626) 374-5121
Listed By:
Vince Kwon · License #01778421
(626) 374-5121
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 7:35AM
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 IRN Realty
Investment Insights
Based on property information with market context.
This five-unit apartment property comprises three detached buildings with a mix of one three-bedroom, one-bath residence, two two-bedroom, one-bath residences, and two one-bedroom, one-bath residences. Each unit is individually metered and includes washer/dryer hookups. Garage parking includes four single-car garages and one two-car garage assigned to the three-bedroom unit, which also has a private yard. A central drive and rear parking area provide additional on-site parking. Most residences feature wood-look porcelain tile, quartz-style countertops, and updated bathroom tile.
The property is in Pomona near the 10 and 71 freeways, Pomona Metro Station, Cal Poly Pomona, Fairplex, Brackett Field Airport, and Downtown Pomona. WalkScore is 56, BikeScore is 48, and TransitScore is 34.
The property is in Pomona near the 10 and 71 freeways, Pomona Metro Station, Cal Poly Pomona, Fairplex, Brackett Field Airport, and Downtown Pomona. WalkScore is 56, BikeScore is 48, and TransitScore is 34.
Key Highlights
- Five units across 3 detached buildings
- Unit mix includes 1 three‑bedroom, 2 two‑bedroom, and 2 one‑bedroom residences
- Individually metered units with washer/dryer hookups
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
$61,266
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
3.63%
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%
$1,225,320
$1.2M
Cap Rate 7%
$875,229
$875.2K
Cap Rate 9%
$680,733
$680.7K
Market Conditions
NOI Build-Up for 3,955 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
$116.3K $29.40/SF
− Vacancy
−$4.9K −$1.23/SF
EGI
$111.4K $28.17/SF
− OpEx
−$50.1K −$12.67/SF
NOI
$61.3K $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%
$1,225,320
Cap Rate 7%
$875,229
Cap Rate 9%
$680,733
Alternative Uses
Best Use
Apartment 5plus
$875.2K
$765.8K – $1.02M
NOI $61,266 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,769 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
Explore this area
Business Placement
Demographics for 91768, CA
35,568
Population
8,848
Households
4
Avg Household Size
31
Median Age
14%
College-Educated
70%
High-School Grad
8.2 sq mi
ZIP Area
4,338
Density / Sq Mi
$76,313
Median Household Income
$32,461
Median Earnings
$1,606
Median Rent
$536,500
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 - Three detached structures offer individually metered residences with private garages and laundry hookups.
Where is this apartment building located?
The property is located at 610 Fillmore Pomona, CA.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Five units across 3 detached buildings; Unit mix includes 1 three‑bedroom, 2 two‑bedroom, and 2 one‑bedroom residences; Individually metered units with washer/dryer hookups
