Updated Fourplex with Brick
New
For Sale
$1,400,000
7440 Carnelian Street, Rancho Cucamonga, CA 91730
Four residential units feature refreshed interiors, private outdoor areas, parking, and on-site laundry in a maintained property.
Property Size3,746 SF
Price / SF$373.73
Days on Market2
Property Features for 7440 Carnelian Street
General Information
Standard status
Active
Size
3,746 SF
Property subtype
Multifamily
Listing Agency:
CBRE - Ontario
(909) 418-2071
Listed By:
Eric Chen · License #01489184
(909) 418-2071
Source:
Cbre
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 6:07AM
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 CBRE - Ontario
Investment Insights
Based on property information with market context.
This four-unit residential property provides approximately 3,746 square feet of rentable area on an approximately 8,400-square-foot lot. The unit mix includes one two-bedroom, one-bath residence, one two-bedroom, two-bath residence, and two three-bedroom, two-bath residences, with an average unit size of 938 square feet. Improvements include vinyl plank flooring, renovated cabinetry and bathrooms, updated fixtures, recessed lighting, kitchen appliances, security screen doors, and individual wall-mounted heating and air conditioning. Some residences offer private patios or porches, while the front three-bedroom unit includes a brick fireplace.
The property also includes mature landscaping, an on-site laundry room, carport parking, and surface parking. It is located near San Antonio Regional Hospital, Chaffey College, and the Rancho Cucamonga Metrolink Station, with access to the I-210 and I-15 freeways. The station provides rail service to Los Angeles Union Station, while nearby regional destinations include Victoria Gardens, Ontario Mills, Toyota Arena, Topgolf, and the Pacific Electric Trail.
The property also includes mature landscaping, an on-site laundry room, carport parking, and surface parking. It is located near San Antonio Regional Hospital, Chaffey College, and the Rancho Cucamonga Metrolink Station, with access to the I-210 and I-15 freeways. The station provides rail service to Los Angeles Union Station, while nearby regional destinations include Victoria Gardens, Ontario Mills, Toyota Arena, Topgolf, and the Pacific Electric Trail.
Key Highlights
- Four‑unit property with approximately 3,746 SF of rentable area on an approximately 8,400 SF lot
- Unit mix includes one 2BD/1BA, one 2BD/2BA, and two 3BD/2BA residences
- Updated interiors with vinyl plank flooring, refreshed kitchens and baths, appliances, and recessed lighting
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
$61,784
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
4.41%
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%
$1,235,680
$1.2M
Cap Rate 7%
$882,629
$882.6K
Cap Rate 9%
$686,489
$686.5K
Market Conditions
NOI Build-Up for 3,746 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
$94.4K $25.20/SF
− Vacancy
−$6.1K −$1.64/SF
EGI
$88.3K $23.56/SF
− OpEx
−$26.5K −$7.07/SF
NOI
$61.8K $16.49/SF
Area
Rancho Cucamonga, CA
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,235,680
Cap Rate 7%
$882,629
Cap Rate 9%
$686,489
Alternative Uses
Best Use
Multifamily LT 5
$882.6K
$772.3K – $1.03M
NOI $61,784 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$798.5K
$698.7K – $931.6K
NOI $55,895 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,064 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 91730, CA
68,883
Population
26,172
Households
2.6
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
13.7 sq mi
ZIP Area
5,028
Density / Sq Mi
$89,654
Median Household Income
$51,208
Median Earnings
$2,240
Median Rent
$595,400
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?
Quadplex - Four residential units feature refreshed interiors, private outdoor areas, parking, and on-site laundry in a maintained property.
Where is this quadplex located?
The property is located at 7440 Carnelian Street Rancho Cucamonga, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Four‑unit property with approximately 3,746 SF of rentable area on an approximately 8,400 SF lot; Unit mix includes one 2BD/1BA, one 2BD/2BA, and two 3BD/2BA residences; Updated interiors with vinyl plank flooring, refreshed kitchens and baths, appliances, and recessed lighting
