427 W C Street, Ontario, CA 91762
- $1,200,000
- 2,820
- SqFt
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- CV21007496
- Year Built
- 1908
- Living Sq. Ft
- 2,820
- Lot Size
- 6,380
- Acres
- 0.1465
- Lot Location
- 2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Sprinkler System
- Days on Market
- 18
- Property Type
- Multifamily
- Style
- Craftsman
- Stories
- Two Levels
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.
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Additional Information
- Tract Number
- 14
- Lot Description
- Sidewalks, Street Lights, Suburban
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Roof
- Shingle
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $66,000
- Operating Expense
- 20000
- Unit One Total Units
- 1
- Unit One Beds
- 2
- Unit One Baths
- 1
- Unit One Garage Spaces
- 1.00
- Unit One Actual Rent
- 1400.00
- Unit One Total Rent
- 900.00
- Unit One Pro Forma
- 1400
- Unit One Furnished
- Unfurnished
- Unit Two Total Units
- 4
- Unit Two Beds
- 1
- Unit Two Baths
- 1
- Unit Two Garage Spaces
- 1.00
- Unit Two Actual Rent
- 900.00
- Unit Two Total Rent
- 900.00
- Unit Two Pro Forma
- 3600
- Unit Two Furnished
- Unfurnished
Mortgage Calculator
Listing courtesy of JOSEPH DOMOND from CENTURY EXECUTIVE REALTY
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.