Skip to content
Mr. Cali Appraisals home
Request an appraisal
Call (909) 324-6122

Market Rent Analysis (Form 1007 / 216) in Claremont and the Inland Empire

Documented market rent opinions for single-family rentals and small income properties, supported by comparable lease data rather than listing asks. Commonly required alongside an appraisal for investor financing, and used on its own by owners setting rents near the Claremont Colleges, in Pomona and along the Foothill corridor. Delivered on standard forms with the rental comparables identified.

Gordon Hall, California Certified Residential Real Estate Appraiser, BREA No. AR003877 (opens the state license lookup)

Who orders this

  • Lenders underwriting investor loans that count rental income
  • Owners setting or reviewing rents on a single-family rental or small building
  • Trustees and heirs holding a rental in an estate

What the report includes

  • The single-family comparable rent schedule (Form 1007) or the small residential income property operating income statement (Form 216), as the assignment requires
  • Comparable leases, each identified with its rent, size and date, rather than asking rents
  • The effective date and the intended use and intended users, stated on the form
  • Rental comparables chosen from the same part of town and the same kind of property, with the reason each was used
  • A signed certification with Gordon Hall's California license, BREA No. AR003877

The page a reviewer reads first is the sales comparison grid: the subject beside the closed sales, every difference adjusted and explained. This is its shape, left blank.

Sales comparison approach

File no. blank

Sales comparison, blank
RowSubjectComp. 1Comp. 2Comp. 3
Addressblankblankblankblank
Sale dateblankblankblankblank
Sale priceblankblankblankblank
Gross living areablankblankblankblank
Lot sizeblankblankblankblank
Year builtblankblankblankblank
Conditionblankblankblankblank
View / siteblankblankblankblank
Adjustmentsblankblankblankblank
Adjusted valueblankblankblankblank
Figures come from the inspection and the closed sales on your blocks. A blank grid is shown because report contents are confidential under USPAP.

What we need from you

  • Current leases or rent roll, and utilities paid by the owner
  • Access to the unit or units
  • The lender's requirements if the analysis supports a loan

Rents near the Colleges, in Pomona and along Foothill

Rental markets here are local. Houses near the Claremont Colleges rent on proximity to campus and the Village; rentals in Pomona range from historic-district houses to postwar tracts and small multi-family around downtown; homes along the Foothill Boulevard corridor through Claremont, La Verne and Upland rent to commuters who weigh the 210. A rent opinion built from listing asks across a whole city blurs all of that. A market rent analysis uses signed leases from the same part of town and the same kind of property.

Owners in Pomona should know that the city has its own rent rules, and the state's Tenant Protection Act applies to many rentals; the analysis states the market rent as an opinion and notes where a lease or a rule constrains what the current tenant pays, without giving legal advice. On a lender assignment, the form the underwriter needs is prepared alongside the appraisal.

Timeline and next step

Reports are typically delivered three to five business days from the inspection. The inspection runs 30 to 60 minutes for a standard single-family home, longer for hillside, custom, multi-family or homes with additions that need to be measured and sketched.

The fee is set by the scope of the assignment and quoted before work begins. It does not depend on the value, and it is never contingent on a result.

Send the address and the rent roll through the order form, or call (909) 324-6122.

Straight answers

Questions

What is Form 1007?
The single-family comparable rent schedule lenders use to document market rent for a one-unit rental. Form 216 is the operating income statement used for small residential income property. Both are prepared with the rental comparables identified.
Why not use listing asks?
Asking rents are what landlords hope for; signed leases are what tenants pay. The analysis relies on leases wherever they can be verified.
Can I order a rent analysis without an appraisal?
Yes, as a standalone assignment for an owner setting rents, with its intended use stated. A lender may require it alongside a full appraisal instead.

Related appraisals

Request this appraisal

The property, the purpose and the effective date set the scope and the fee, which is quoted before work begins.

Gordon Hall, California Certified Residential Real Estate Appraiser, BREA No. AR003877 (opens the state license lookup)

The property and the assignment

Effective date of value (optional)

The date the value has to apply to: today, or a date in the past such as a date of death or separation.

How to reach you

Additions, an ADU, a prior appraisal, a hearing date: whatever shapes the scope.

Nothing is scheduled until you say so.

Prepared by Gordon Hall, California Certified Residential Real Estate Appraiser, BREA No. AR003877. Reports are prepared in conformity with the Uniform Standards of Professional Appraisal Practice (USPAP). Notes on rent rules describe conditions affecting income; they are not legal advice.

Get the value documented before someone else needs it.

Two minutes for a fee quote and a turnaround date. Nothing is scheduled until you say so.

Request an appraisal