5-Unit Apartment
New
For Sale
$940,000
828 Hawthorne Pl, Pomona, CA 91767
The building combines one- and two-bedroom residences with gated parking at the rear.
Property Size2,950 SF
Lot Size0.15 Acres
Price / SF$318.64
Days on Market6
Property Features for 828 Hawthorne Pl
General Information
Standard status
Active
Size
2,950 SF
Net Rentable
2,950 SF
Lot size
0.15 Acres
Property subtype
Residential Income
Financials
Asking Price
$940,000
Cap Rate
5.8%
Gross Rent Multiplier
10.13
Units
Unit Mix
3 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
5
Building Details
Year Built
1909
Listing Agency:
Marcus & Millichap
Listed By:
Oscar Diaz · License #02022902
(213) 943-1884
Source:
Propertyinpalmsprings
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 11 at 2:40PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This five-unit apartment property in Pomona contains approximately 2,950 rentable square feet on a 6,712-square-foot lot. The unit mix includes three one-bedroom, one-bathroom apartments and two two-bedroom, one-bathroom apartments. Gated parking is situated behind the building. The property was built in 1909.
Current operating metrics include a 5.80% cap rate and a 10.13 GRM. The stated rental upside is approximately 23.5%; projected metrics at increased rents are an 8.03% cap rate and an 8.20 GRM. The property is located at 828 Hawthorne Pl in Pomona, California.
Current operating metrics include a 5.80% cap rate and a 10.13 GRM. The stated rental upside is approximately 23.5%; projected metrics at increased rents are an 8.03% cap rate and an 8.20 GRM. The property is located at 828 Hawthorne Pl in Pomona, California.
Key Highlights
- Five apartments: three one‑bedroom/one‑bathroom units and two two‑bedroom/one‑bathroom units
- Approximately 2,950 rentable square feet on a 6,712‑square‑foot lot (0.15 acres)
- Gated on‑site parking at the rear of the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,698
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$913,960
$914.0K
Cap Rate 7%
$652,829
$652.8K
Cap Rate 9%
$507,756
$507.8K
Market Conditions
NOI Build-Up for 2,950 SF
Gross rent
$86.7K $29.40/SF
− Vacancy
−$3.6K −$1.23/SF
EGI
$83.1K $28.17/SF
− OpEx
−$37.4K −$12.67/SF
NOI
$45.7K $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%
$913,960
Cap Rate 7%
$652,829
Cap Rate 9%
$507,756
Alternative Uses
Best Use
Apartment 5plus
$652.8K
$571.2K – $761.6K
NOI $45,698 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$945.9K
$827.7K – $1.10M
NOI $66,212 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,273
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Apartment building - The building combines one- and two-bedroom residences with gated parking at the rear.
Where is this apartment building located?
The property is located at 828 Hawthorne Pl Pomona, CA.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: Five apartments: three one‑bedroom/one‑bathroom units and two two‑bedroom/one‑bathroom units; Approximately 2,950 rentable square feet on a 6,712‑square‑foot lot (0.15 acres); Gated on‑site parking at the rear of the property
