Two-Unit Duplex with
For Sale
$765,000
936 N Laurel, Ontario, CA 91762
Separate residences include a rear laundry room, covered porch, and outdoor space with mature trees.
Property Size1,979 SF
Days on Market8
Property Features for 936 N Laurel
General Information
Standard status
Active
Size
1,979 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
laundry room
covered porch
Building Details
Building Size
1,979 SF
Year Built
1924
Listing Agency:
EXCELLENCE RE REAL ESTATE
Listed By:
Stefany Oliva Rivera · License #02245446
Source:
Camdenmckayre
Added: Sep 10
Changed: Sep 14
Last Checked: Sep 15 at 8:53AM
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 EXCELLENCE RE REAL ESTATE
Investment Insights
Based on property information with market context.
Built in 1924, this duplex contains two separate residences with distinct bedroom and bath configurations. One unit offers 3 bedrooms and 1 bathroom, while the second provides 2 bedrooms and 1 bathroom. The property also includes a 2-car garage, ample parking, and a separate laundry room positioned at the rear of the property.
Outdoor features include a spacious backyard with mature trees, room for additional landscaping, and a small covered porch. The property is located at 936 N Laurel in Ontario, California.
Outdoor features include a spacious backyard with mature trees, room for additional landscaping, and a small covered porch. The property is located at 936 N Laurel in Ontario, California.
Key Highlights
- Two separate units: one with 3 bedrooms and 1 bathroom, plus one with 2 bedrooms and 1 bathroom
- 2‑car garage with ample parking
- Separate laundry room at the rear of the property
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
$29,154
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
3.81%
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%
$583,080
$583.1K
Cap Rate 7%
$416,486
$416.5K
Cap Rate 9%
$323,933
$323.9K
Market Conditions
NOI Build-Up for 1,979 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
$43.9K $22.20/SF
− Vacancy
−$2.3K −$1.15/SF
EGI
$41.6K $21.05/SF
− OpEx
−$12.5K −$6.31/SF
NOI
$29.2K $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%
$583,080
Cap Rate 7%
$416,486
Cap Rate 9%
$323,933
Alternative Uses
Best Use
Multifamily LT 5
$416.5K
$364.4K – $485.9K
NOI $29,154 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$357.6K
$312.9K – $417.3K
NOI $25,035 @ 7.0% cap · market cap 3.27%
Theoretical Best
Specialty Retail
$511.8K
$447.9K – $597.1K
NOI $35,828 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
Explore this area
Business Placement
Demographics for 91762, CA
62,524
Population
20,163
Households
3.1
Avg Household Size
34
Median Age
21%
College-Educated
77%
High-School Grad
14.3 sq mi
ZIP Area
4,372
Density / Sq Mi
$76,289
Median Household Income
$40,085
Median Earnings
$1,752
Median Rent
$568,700
Median Home Value
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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?
Duplex - Separate residences include a rear laundry room, covered porch, and outdoor space with mature trees.
Where is this duplex located?
The property is located at 936 N Laurel Ontario, CA.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Two separate units: one with 3 bedrooms and 1 bathroom, plus one with 2 bedrooms and 1 bathroom; 2‑car garage with ample parking; Separate laundry room at the rear of the property
