522 Parkside Drive, Ontario, CA 91764
  • MLS#: HD25236838 ( Quadruplex )
  • Street Address: 522 Parkside Drive
  • Viewed: 1
  • Price: $1,420,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1965
  • Bldg sqft: 0
  • Days On Market: 65
  • Additional Information
  • County: SAN BERNARDINO
  • City: Ontario
  • Zipcode: 91764
  • Provided by: Kuo K Shyu, Broker
  • Contact: Kuo Kuo
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    **Excellent Investment Opportunity 4 Unit Property in Prime Ontario Location** Well maintained and fully occupied, this 4 unit multifamily property is a rare find in the heart of Ontario. Each unit offers 2 spacious bedrooms and 1.5 bathrooms, with reliable tenants already in placeperfect for immediate income generation. Situated on a large 15,000 sq ft lot, the property features a generous front yard and private backyard area behind the units, providing ample outdoor space for tenant enjoyment. Recent upgrades include: *New concrete driveway, *Expanded parking area, *New perimeter fence, *Some units include updated interiors. Each unit includes a dedicated detached carport, plus additional driveway parking. All units are separately metered for gas and electricitytenants pay their own utilities; owner covers water and trash. Conveniently located near the 10 Freeway, Ontario International Airport, Ontario Mills Mall, schools, parks, and major shopping centers, this property offers excellent rental demand and long term growth potential. A solid investment offering strong current cash flow, future upside potential, and an approximate 5.6% cap rate.
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Features
Accessibility Features
  1. None
Appliances
  1. Free-Standing Range
Assessments
  1. Special Assessments
Association Fee
  1. 0.00
Building Area Total
  1. 3649.00
Carport Spaces
  1. 4.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Construction Materials
  1. Frame
  2. Stucco
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Electric
  1. Standard
Electric Expense
  1. 0.00
Entry Location
  1. Front
Fireplace Features
  1. None
Flooring
  1. Laminate
  2. Vinyl
Foundation Details
  1. Slab
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Heating
  1. None
Insurance Expense
  1. 2088.00
Interior Features
  1. Unfurnished
Laundry Features
  1. None
Levels
  1. One
Lockboxtype
  1. None
Lot Features
  1. Lot 10000-19999 Sqft
Netoperatingincome
  1. 80421.00
Newtaxesexpense
  1. 7953.00
Parcel Number
  1. 1048451280000
Parking Features
  1. Carport
  2. Covered
Pool Features
  1. None
Property Type
  1. Quadruplex
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Composition
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 448922620:CRM
Spa Features
  1. None
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 17899.00
Trash Expense
  1. 0.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Sewer Connected
  4. Water Connected
View
  1. None
Water Sewer Expense
  1. 7058.00
Water Source
  1. Public
Window Features
  1. Screens
Year Built
  1. 1965
Year Built Source
  1. Public Records