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$1,495,000
Est. payment /mo
7,148 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26200827
HOA Y/N No
Year Built 1936
Lot Size 7,148 Sqft
Property Sub-Type Multi Family
Property Description
?Seven income-producing units with current gross scheduled rent of $84,000 annually.
?Current rents average approximately $1,000 per unit per month.
?Conservative pro forma rent of $1,600 per unit produces $134,400 annual gross scheduled income.
?Approximately $50,400 of potential annual gross rental upside.
?Manager's unit currently pays $800 per month.
?Current property tax is only approximately $910 annually due to the low assessed value.
?Central Ontario location along the Euclid Avenue corridor.
?Value-add profile suited to an investor seeking income growth over time.
?Current rents average approximately $1,000 per unit per month.
?Conservative pro forma rent of $1,600 per unit produces $134,400 annual gross scheduled income.
?Approximately $50,400 of potential annual gross rental upside.
?Manager's unit currently pays $800 per month.
?Current property tax is only approximately $910 annually due to the low assessed value.
?Central Ontario location along the Euclid Avenue corridor.
?Value-add profile suited to an investor seeking income growth over time.
Location
State CA
County San Bernardino
Area 686 - Ontario
Zoning light industrial
Interior
Fireplace No
Laundry None
Building
Lot Description 6-10 Units/Acre, Street Level
Story 2
Water Public
Others
Tax ID 1049241010000
Special Listing Condition Standard
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Listed by Albert Pasillas VYLLA HOME 626-426-6227, DRE #01728500
Nearby School & Business
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