Six-Unit Apartment
New
For Sale
$1,399,000
687 Karesh, Pomona, CA 91767
Individual split-system air conditioning serves each apartment, and three ground-floor homes have private rear patios.
Property Size3,838 SF
Days on Market3
Property Features for 687 Karesh
General Information
Standard status
Active
Size
3,838 SF
Total Parking Spaces
6
Property subtype
Apartment
Occupancy
100%
Units
Multifamily Units
6
Parking per Unit
1
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Amenities
wall split A/C units
private rear patios
Building Details
Building Size
3,838 SF
Year Built
1960
Stories
2
Listing Agency:
Veronica Cabrera Broker
Listed By:
Veronica Cabrera
(714) 809-6521
Source:
Herrera-homes.kw
Added: Nov 4
Last Checked: Nov 6 at 5:22AM
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 Veronica Cabrera Broker
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Investment Insights
Based on property information with market context.
This 1960 apartment property contains six residences across two levels. Three apartments are on the ground floor and have private patios at the rear; the other three are upstairs. Each home has its own wall-mounted split-system air conditioner. Most units have been remodeled, and all six are occupied. Six dedicated parking spaces provide one space for each residence.
The property is in Pomona, near shopping, schools, public transportation, and major freeways.
The property is in Pomona, near shopping, schools, public transportation, and major freeways.
Key Highlights
- Six residential units across ground and upper levels
- All six apartments occupied
- Six dedicated parking spaces, one per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,454
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,189,080
$1.2M
Cap Rate 7%
$849,343
$849.3K
Cap Rate 9%
$660,600
$660.6K
Market Conditions
NOI Build-Up for 3,838 SF
Gross rent
$112.8K $29.40/SF
− Vacancy
−$4.7K −$1.23/SF
EGI
$108.1K $28.17/SF
− OpEx
−$48.6K −$12.67/SF
NOI
$59.5K $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%
$1,189,080
Cap Rate 7%
$849,343
Cap Rate 9%
$660,600
Alternative Uses
Best Use
Apartment 5plus
$849.3K
$743.2K – $990.9K
NOI $59,454 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,143 @ 7.0% cap · market cap 6.16%
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
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,043
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Individual split-system air conditioning serves each apartment, and three ground-floor homes have private rear patios.
Where is this apartment building located?
The property is located at 687 Karesh Pomona, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Six residential units across ground and upper levels; All six apartments occupied; Six dedicated parking spaces, one per unit
