403 E ACACIA ST Ontario, CA 91761

$1,750,000

Pending
1 of 8

Bedrooms

Total Baths

Full Baths

5,180

Square Feet

0.55

Acres

1950

Year Built

50 days

On Website

Pending

Status

We are pleased to offer for sale this 9 unit investment property located in the city of Ontario. Comprised of 3 separate buildings, the unit composition is ALL 2Bed/1Bath units. The first structure is a 1950's built single family cottage with private yard and laundry hookups. The remaining 2 buildings were constructed in 1982 and offer central A/C and heat. All tenants pay for electricity & gas, while the owner pays for water and trash. The offering is comprised of 2 lots (total size 23,580 sqft), the first being the lot on which the structures currently exist, and then an additional lot to the rear which may allow for additional development (buyer and buyer's agent to verify.) Offered at a current 13.34 GRM and a 4.82% CAP Rate, 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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Details


Interior
Living Area
5,180 SqFt.

Building And Construction
Number Of Units Total
9
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1950

Exterior And Lot
Lot Size Acres
0.5475
Lot Size Square Feet
23850
Lot Size Units
Square Feet
Parking Total
24

Area And Schools
City
Ontario
County Or Parish
San Bernardino

Listing By RE/MAX 2000 – KRISTOPHER GERMAN

MLS# CV20215693

Data Last Updated a month ago

California Regional MLS

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright 2020 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2020 California Regional Multiple Listing Service, Inc. All rights reserved.

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