Two-Unit
For Sale
$850,000
928 & 926 S Hope Avenue, Ontario, CA 91761
Separate residences offer two-bedroom and three-bedroom layouts, each with one bathroom.
Property Size1,748 SF
Days on Market12
Property Features for 928 & 926 S Hope Avenue
General Information
Standard status
Active
Size
1,748 SF
Property subtype
Duplex
Building Details
Building Size
1,748 SF
Year Built
1954
Listing Agency:
ALL NATIONS REALTY & INVS
Listed By:
SONIA ALVARADO · License #01355452
Source:
Camdenmckayre
Added: Sep 22
Changed: Sep 29
Last Checked: Oct 1 at 4:55PM
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 ALL NATIONS REALTY & INVS
Investment Insights
Based on property information with market context.
This Ontario duplex contains two separate residences: one with two bedrooms and one bathroom, and another with three bedrooms and one bathroom. Built in 1954, the property also has mature landscaping, fruit trees, and outdoor space suited to gardening.
The property is at 926 and 928 S Hope Avenue, near ONT Airport, Toyota Arena, Ontario Mills, parks, shopping, dining, and major freeways.
The property is at 926 and 928 S Hope Avenue, near ONT Airport, Toyota Arena, Ontario Mills, parks, shopping, dining, and major freeways.
Key Highlights
- Two residences: one with 2 bedrooms and 1 bath; the other with 3 bedrooms and 1 bath
- Built in 1954
- Mature landscaping, fruit trees, and space for gardening
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
$25,751
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
3.03%
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%
$515,020
$515.0K
Cap Rate 7%
$367,871
$367.9K
Cap Rate 9%
$286,122
$286.1K
Market Conditions
NOI Build-Up for 1,748 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
$38.8K $22.20/SF
− Vacancy
−$2.0K −$1.15/SF
EGI
$36.8K $21.05/SF
− OpEx
−$11.0K −$6.31/SF
NOI
$25.8K $14.73/SF
Area
Ontario, CA
Vacancy
5.20%
Lease Rate
$22.20 /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%
$515,020
Cap Rate 7%
$367,871
Cap Rate 9%
$286,122
Alternative Uses
Best Use
Multifamily LT 5
$367.9K
$321.9K – $429.2K
NOI $25,751 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$315.9K
$276.4K – $368.6K
NOI $22,113 @ 7.0% cap · market cap 2.60%
Theoretical Best
Specialty Retail
$452.1K
$395.6K – $527.4K
NOI $31,646 @ 7.0% cap · market cap 3.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 91761, CA
60,306
Population
18,309
Households
3.3
Avg Household Size
35
Median Age
21%
College-Educated
81%
High-School Grad
28.5 sq mi
ZIP Area
2,116
Density / Sq Mi
$97,396
Median Household Income
$44,493
Median Earnings
$2,015
Median Rent
$590,000
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?
Duplex - Separate residences offer two-bedroom and three-bedroom layouts, each with one bathroom.
Where is this duplex located?
The property is located at 928 & 926 S Hope Avenue Ontario, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two residences: one with 2 bedrooms and 1 bath; the other with 3 bedrooms and 1 bath; Built in 1954; Mature landscaping, fruit trees, and space for gardening
