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More Like This
  • MLS#: CV24214918 ( Apartment )
  • Street Address: Address Not Provided
  • Viewed: 5
  • Price: $2,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 94
  • Additional Information
  • County: SAN BERNARDINO
  • City: Ontario
  • Zipcode: 91762
  • Provided by: CB RICHARD ELLIS
  • Contact: ERIC ERIC
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are proud to present the Mountain View Apartments, a 12 Unit multifamily property, located at 1027 W E Street in the City of Ontario. The Mountain View Apartments is an excellent investment opportunity situated on the corner of N Palmetto Avenue and West E Street. Mountain View Apartments is located in Ontario, a high demand market with a rapidly growing population. Tenants benefits from unparalleled convenience and accessibility to major retailers like Walmart, Costco, Raising Canes, Target, and a variety of restaurants, malls, parks, banks, and fitness centers nearby as well as essential services like Kaiser Permanente Medical Center. Within a 10 mile radius, are popular attractions like Victoria Gardens, Top Golf, Toyota Arena, and Claremont Village. The property is also located within a 25 mile radius of several notable SoCal attractions in San Gabriel Valley, Anaheim, and Riverside. Mountain View Apartments, a 12 unit complex, offers all 2B/1B units for a total of 11,044 square feet of living space on a 17,001 square foot lot. Convenient parking is provided for all residents with 12 carports. Recent upgrades include a new roof, exterior renovations, and termite treatment. Over half of the units feature modern interiors with granite countertops, wood flooring in the living rooms, and tile flooring in the bathrooms and kitchens. The average unit size is 920 square feet. Mountain View Apartments offers a stable and profitable investment opportunity with 58% rental growth potential to achieve market rents. Whether youre a first time investor, seasoned professional, or seeking a 1031 exchange, Mountain View Apartments presents a lucrative investment choice and valuable long term asset.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 11044.00
Carport Spaces
  1. 12.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 84
Electric Expense
  1. 695.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 3460.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 8351.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 105748.00
Newtaxesexpense
  1. 31876.00
Number Of Separate Electric Meters
  1. 12
Number Of Separate Gas Meters
  1. 12
Otherexpense
  1. 1600.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 1010463040000
Pool Features
  1. None
Professionalmanagementexpense
  1. 7271.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 425376331:CRM
Spa Features
  1. None
Suppliesexpense
  1. 1387.00
Totalexpenses
  1. 76025.00
Trash Expense
  1. 6029.00
Vacancyallowance
  1. 9567
Water Sewer Expense
  1. 6028.00
Water Source
  1. Public
Year Built
  1. 1961
Year Built Source
  1. Assessor