Three-Parcel Multifamily
For Sale
$3,380,000
669 687 651 Weber St., Pomona, CA 91768
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 Market145
Property Features for 669 687 651 Weber St.
General Information
Standard status
Active
Size
10,800 SF
Total Parking Spaces
40
Lot size
0.70 Acres
Property subtype
Quadruplex
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$31,033
Building Details
Building Size
10,800 SF
Year Built
1982
Tenancy
Multi
Listing Agency:
Presidential Incorporated
Listed By:
Grace Huang · License #00966678
(949) 654-2626
Source:
Velocityrealtysd
Added: Apr 15
Changed: Aug 28
Last Checked: Sep 5 at 6:59AM
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 Presidential Incorporated
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
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
$167,301
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
4.95%
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%
$3,346,020
$3.3M
Cap Rate 7%
$2,390,014
$2.4M
Cap Rate 9%
$1,858,900
$1.9M
Market Conditions
NOI Build-Up for 10,800 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
$317.5K $29.40/SF
− Vacancy
−$13.3K −$1.23/SF
EGI
$304.2K $28.17/SF
− OpEx
−$136.9K −$12.67/SF
NOI
$167.3K $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%
$3,346,020
Cap Rate 7%
$2,390,014
Cap Rate 9%
$1,858,900
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
669
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 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
