5-Unit Apartment
New
For Sale
$1,590,000
897 W Monterey, Pomona, CA 91768
Three detached buildings provide a varied unit mix, with separately metered utilities and on-site parking.
Property Size4,832 SF
Price / SF$329.06
Days on Market4
Property Features for 897 W Monterey
General Information
Standard status
Active
Size
4,832 SF
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 1BR/1BA, 1 x 3BR/1BA, 1 x 2BR/1BA with loft
Multifamily Units
5
Parking per Unit
2
Building Details
Building Size
4,832 SF
Year Built
1950
Buildings
3
Listing Agency:
IRN Realty
Listed By:
Roger Kwon · License #02002355
(626) 378-4347
Source:
Camdenmckayre
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:10AM
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 IRN Realty
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Investment Insights
Based on property information with market context.
Five apartments occupy three separate buildings on one lot, totaling 4,832 square feet of interior living area. The unit mix includes three one-bedroom, one-bath apartments, one three-bedroom, one-bath apartment, and a two-bedroom, one-bath apartment with a loft reached by stairs. The buildings were constructed in 1950, and three apartments were updated approximately three years ago. Each unit has separate electric, gas, and water meters.
A vacant two-car garage is on the property, and the listing notes that ADU conversion is under review for final approval by LA County. Each apartment has two outdoor parking spaces. The property is in Pomona near downtown, with access to dining, entertainment, public transportation, freeways, and schools.
A vacant two-car garage is on the property, and the listing notes that ADU conversion is under review for final approval by LA County. Each apartment has two outdoor parking spaces. The property is in Pomona near downtown, with access to dining, entertainment, public transportation, freeways, and schools.
Key Highlights
- Five units across three buildings on one lot
- 4,832 square feet of interior living space
- Three 1‑bedroom/1‑bath units, one 3‑bedroom/1‑bath unit, and one 2‑bedroom/1‑bath unit with loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,852
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,497,040
$1.5M
Cap Rate 7%
$1,069,314
$1.1M
Cap Rate 9%
$831,689
$831.7K
Market Conditions
NOI Build-Up for 4,832 SF
Gross rent
$142.1K $29.40/SF
− Vacancy
−$6.0K −$1.23/SF
EGI
$136.1K $28.17/SF
− OpEx
−$61.2K −$12.67/SF
NOI
$74.9K $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%
$1,497,040
Cap Rate 7%
$1,069,314
Cap Rate 9%
$831,689
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$935.7K – $1.25M
NOI $74,852 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,453 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
843
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three detached buildings provide a varied unit mix, with separately metered utilities and on-site parking.
Where is this apartment building located?
The property is located at 897 W Monterey Pomona, CA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Five units across three buildings on one lot; 4,832 square feet of interior living space; Three 1‑bedroom/1‑bath units, one 3‑bedroom/1‑bath unit, and one 2‑bedroom/1‑bath unit with loft
