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.

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

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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.