Updated Fourplex with Brick
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 Market50
Property Features for 7440 Carnelian Street
General Information
Standard status
Active
Size
3,746 SF
Property subtype
Multifamily
Listing Agency:
CB RICHARD ELLIS
Listed By:
Eric Chen · License #01489184
(909) 418-2071
Source:
Cbre
Added: Aug 21
Changed: Sep 28
Last Checked: Oct 9 at 4:51PM
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 CB RICHARD ELLIS
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 / Yr
$61,784
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Market
Vacancy Rate% for Multifamily in West region
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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
