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    427 W C Street

    Ontario, CA 91762
    • $1,200,000
    • STATUS: Active
    • ON SITE: 87 days
    • ID#: CV21007496
    UPDATED: 48 min ago
    $1,200,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,820
      SQFT
    • $426
      $/SQFT
    Neighborhood:
    686 - Ontario
    Type:
    Multi-Family
    Built:
    1908
    County:
    San Bernardino
    Area:
    686 - Ontario

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    Description

    We are pleased to offer for sale this 5 unit investment property located in the city of Ontario. Composed of 1 building, the unit composition is 1 2Bed/1Bath unit and four 4units 1bed 1bath. The structure is a single family cottage with a private yard and laundry hookups. Tenants pay for all utilities! The offering is already a lucrative opportunity for a new investor, not to mention the additional 30% upside in rental rates that exists given the low rents in place. Ontario has only seen vacancy tighten and rental rates climb given it is a desirable rental location for tenants, and a great opportunity for investors looking for the path of appreciation.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T07:26:27.91. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/113222477
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    427 W C Street Ontario, CA 91762

    • Price: $1,200,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: CV21007496
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,820
    SQFT
    $426
    $/SQFT
    1908
    Built
    Neighborhood:
    686 - Ontario
    County:
    San Bernardino
    Area:
    686 - Ontario
    Property Description
    We are pleased to offer for sale this 5 unit investment property located in the city of Ontario. Composed of 1 building, the unit composition is 1 2Bed/1Bath unit and four 4units 1bed 1bath. The structure is a single family cottage with a private yard and laundry hookups. Tenants pay for all utilities! The offering is already a lucrative opportunity for a new investor, not to mention the additional 30% upside in rental rates that exists given the low rents in place. Ontario has only seen vacancy tighten and rental rates climb given it is a desirable rental location for tenants, and a great opportunity for investors looking for the path of appreciation.
    Exterior Features

    Architectural Style Craftsman Fence YN Yes Fencing Brick Garage Spaces 5.00 Lot Features 2-5 Units/AcreBack YardCorner LotFront YardSprinkler System Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Shingle Spa Features None Spa YN No View None View YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring Tile Heating Forced Air Heating YN Yes Interior Features Ceiling Fan(S) Laundry Features None Levels Two Room Type All Bedrooms DownAll Bedrooms UpKitchenLiving Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cable Tv Expense 0.00 Community Features SidewalksStreet LightsSuburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 0.00 Gardener Expense 400.00 Gross Income 66000.00 Gross Scheduled Income 66000.00 Insurance Expense 1240.00 Land Lease YN No Laundry YN No Net Operating Income 15000.00 New Construction YN No New Taxes Expense 9800.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Operating Expense 20000.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Expenses 0.00 Trash Expense 0.00 Utilities Electricity Connected Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Joseph Domond of Century Executive Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T07:26:27.91. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
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    Riverside CA, 92504