221 Mountain Avenue, Ontario, CA 91762
  • MLS#: CV24230827 ( Apartment )
  • Street Address: 221 Mountain Avenue
  • Viewed: 2
  • Price: $17,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2024
  • Bldg sqft: 0
  • Days On Market: 7
  • 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 for sale, The Willow Luxury Townhomes (The Willow), a brand new construction trophy asset located at 221 North Mountain Avenue in the desirable west region of the Inland Empire. The Willow is situated on the west side of North Mountain Avenue between West D Street and West Stoneridge Court in the city of Ontario, California. Ontario is a high demand rental market, one of the fastest growing cities within the Inland Empire, and the economic heart of the region. Tenants at The Willow will benefit from unparalleled convenience and accessibility to major retailers like Walmart, Costco, Target, Stater Brothers, Cardenas and a variety of restaurants, malls, parks, banks, and fitness centers nearby. Additionally, within close proximity are essential services like Ontario International Airport, Kaiser Permanente Medical Center and Pomona Valley Hospital Medical Center. Also, within a 10 mile radius, are popular attractions like Ontario Mills, Montclair Plaza, Victoria Gardens, Top Golf, Toyota Arena, and Claremont Village. Lastly, the property is centrally located with convenient access to the 10, 60, 57, 71, 210 and 15 freeways connecting to all the Inland Empire, Los Angeles County, Orange County, and beyond. The Willow Luxury Townhomes consists of 39 tri level townhouse style residential units. The property is a green building and finished construction in June 2024. It features eighteen, one bedroom/one bathroom + loft townhomes and 21, two bedroom/two and one half bathroom townhomes with an average unit size of 998 square feet. Unit amenities feature private attached garages with Bluetooth access, EV Charging accessible, modern waterproof plank flooring, in unit washer & dryer, stainless steel appliance package, hardwood cabinetry, quartz countertops, recessed lighting, central air conditioning & heating, and private balconies. The well maintained property also features controlled gated access at alleyway, professional management, a shared picnic area with BBQ grilling stations, built in yard games, paid for solar panels, and is a cozy community atmosphere. The property is a great long term investment opportunity boasting non rent controlled units, minimal maintenance, and tenant paid utilities (each unit is individually metered for electric and gas and has a sub meter for water and sewer. Tenants also pay for their own trash bins).
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 38925.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
Country
  1. US
Electric Expense
  1. 845.00
Garage Spaces
  1. 60.00
Gardner Expense
  1. 8400.00
Heating
  1. Central
Insurance Expense
  1. 26337.00
Laundry Features
  1. Dryer Included
  2. Inside
  3. Washer Included
Levels
  1. Three Or More
Lot Features
  1. 36-40 Units/Acre
Netoperatingincome
  1. 888740.00
Newtaxesexpense
  1. 195332.00
Number Of Separate Electric Meters
  1. 39
Number Of Separate Gas Meters
  1. 39
Number Of Separate Water Meters
  1. 39
Otherexpense
  1. 7800.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 1010521420000
Pest Control Expense
  1. 1480.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 85254.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 426935658:CRM
Spa Features
  1. None
Suppliesexpense
  1. 15508.00
Totalactualrent
  1. 1281240.00
Totalexpenses
  1. 407866.00
Trash Expense
  1. 20309.00
Uncovered Spaces
  1. 13.00
Vacancyallowance
  1. 40101
Water Sewer Expense
  1. 26993.00
Water Source
  1. Public
Year Built
  1. 2024
Year Built Source
  1. Assessor