Three-Parcel Multifamily
669 687 651 Weber St. Pomona, CA 91768
669 687 651 Weber St., Pomona, CA, 91768
$3,380,000
For Sale
$3,380,000
Three contiguous fourplex buildings offer twelve individually metered 2-bedroom units with community laundry and perimeter fencing.
Property Size10,800 SF
Lot Size0.70 Acres
Price / SF$312.96
Days on Market48
Property Features for 669 687 651 Weber St.
General Information
- Standard status
- Active
- Size
- 10,800 SF
- Lot size
- 0.70 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1982
Listing agency
(949) 654-2626
Listed by
Grace Huang · License #00966678
Source
Elliman
Added: Jun 4 Updated: Jul 20 at 11:32PM Checked: Jul 21 at 8:57AM
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 Grace Huang
Investment Insights
Based on property information with market context.
This offering consists of three contiguous fourplex buildings, each on its own parcel, totaling 12 residential units in a single multifamily portfolio. The buildings were constructed in 1982 and include four 2-bedroom, 1-bath units per building. Units are individually metered for gas and electricity.
The property is located on a corner lot and includes ample on-site parking, with garage and surface parking spaces. On-site amenities include two community laundry rooms, a large storage area, and secure perimeter fencing around the corner lot.
At the time of listing, leases are on a month-to-month basis with lease current reported as being current. Bike, walk, and transit scores indicate a car-dependent setting with limited transit.
The property is located on a corner lot and includes ample on-site parking, with garage and surface parking spaces. On-site amenities include two community laundry rooms, a large storage area, and secure perimeter fencing around the corner lot.
At the time of listing, leases are on a month-to-month basis with lease current reported as being current. Bike, walk, and transit scores indicate a car-dependent setting with limited transit.
Key Highlights
- 12‑unit multifamily portfolio: three contiguous fourplexes (each building on its own parcel)
- All units are 2‑bedroom, 1‑bath, with about 900 SF per unit; 4 units per building
- Approximately 10,800 rentable SF and built in 1982
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $317.5k | $29.40 |
| − Vacancy | −$13.3k | −$1.23 |
| EGI | $304.2k | $28.17 |
| − OpEx | −$136.9k | −$12.67 |
| NOI | $167.3k | $15.49 |
10,800 SF · lease $29.40/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.39M
$2.09M – $2.79M
NOI $167,301 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.46M
$3.03M – $4.04M
NOI $242,404 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Three contiguous fourplex buildings offer twelve individually metered 2-bedroom units with community laundry and perimeter fencing.
Where is this apartment building located?
The property is located at 669 687 651 Weber St. Pomona, CA.
What is the asking price?
The asking price for this property is $3,380,000.
What are key features of this property?
This property features: 12‑unit multifamily portfolio: three contiguous fourplexes (each building on its own parcel); All units are 2‑bedroom, 1‑bath, with about 900 SF per unit; 4 units per building; Approximately 10,800 rentable SF and built in 1982
