8951 Monte Vista Ave, Montclair, CA 91763
  • MLS#: CV26005212 ( Apartment )
  • Street Address: 8951 Monte Vista Ave
  • Viewed: 1
  • Price: $11,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2021
  • Bldg sqft: 0
  • Days On Market: 4
  • Additional Information
  • County: SAN BERNARDINO
  • City: Montclair
  • Zipcode: 91763
  • Provided by: COMPASS
  • Contact: Justino Justino
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Vista Court Apartments is an exquisitely designed, 23 unit, luxury apartment community located at the heart of Montclair, CA. Vista Court Apartments is located at 8951 Monte Vista Ave at the highly amentized corner of Arrow Highway and Monte Vista Ave, where highly desirable communities of Montclair, Claremont, and Upland merge. The property is located just 1 block from Montclair Metro Station to the North and Montclair Place Shopping Center to the south. Tenants benefit from having access to a variety of retailers, shops, and dining options like Target, Home Depot, Costco, LA Fitness, Golds Gym, Moreno Street Market Food Hall, Olive Garden, Applebees Chilis and many more options. Tenants also enjoy being a short 5 to 10 minute drive to frequently travelled places like Downtown Claremont, Claremont Colleges, Victoria Gardens, Toyota Arena, and a large selection of employers found one city over in the City of Ontario, the employment hub of the Inland Empire. Vista Court Apartments was meticulously designed with modern luxury features. Tenants at Vista Court enjoy a plethora of high level features like gourmet kitchens with stainless steel appliances, undermount sinks, quarts counters in kitchen and bathrooms, wood plank flooring, modern bathrooms, in unit washer and dryer, central AC, double pane energy efficient windows, recessed lighting, and large outdoor patio or balcony in every unit. Throughout the community, tenants enjoy access to covered/assigned secured parking, a +/ 700 SF community room equipped with a kitchen, bathroom, and entertainment area for hosting, outdoor BBQ & picnic area, and ample open green space. Vista Court features 23 large apartment homes with 18 unique floorplans. The property offers 28,258 SF of rentable building space and spans across a generous 28,280 SF site. The property consists of 12, 1 Bedroom/1 Bathrooms, 2, 2 Bedroom/2 Bathrooms, and 9, 2 Bedroom/2.5 Bathroom townhouse style apartment homes. Currently the property produces nearly $682,000 in annual rental income. Additional revenue stream from on site parking, storage, and the community room. An experienced investor will recognize the opportunity to preserve the investments NOI through RUBS and other forms of aggressive management processes. A new investor also has the option to assume the existing loan from Umpqua Bank at a below market interest rate of 4.04% fixed for another 4 years.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Appliances
  1. Barbecue
  2. Electric Range
  3. Gas Oven
  4. Microwave
  5. Refrigerator
Building Area Total
  1. 28258.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
Country
  1. US
Electric Expense
  1. 1587.00
Entry Location
  1. Street
Fuel Expense
  1. 0.00
Garage Spaces
  1. 31.00
Gardner Expense
  1. 5400.00
Heating
  1. Central
Insurance Expense
  1. 9428.00
Laundry Features
  1. Common Area
  2. Dryer Included
  3. In Closet
  4. Inside
  5. Washer Included
Levels
  1. Three Or More
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 455876.00
Newtaxesexpense
  1. 126768.00
Number Of Separate Electric Meters
  1. 24
Number Of Separate Gas Meters
  1. 24
Number With Range
  1. 23
Number Wit Hrefrigerator
  1. 23
Otherincomedescription
  1. Other Income
Parcel Number
  1. 1008011240000
Parking Features
  1. Assigned
  2. Covered
  3. Garage
Pest Control Expense
  1. 1190.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 16704.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 454330007:CRM
Suppliesexpense
  1. 1065.00
Tenant Pays
  1. All Utilities
Totalactualrent
  1. 55500.00
Totalexpenses
  1. 216289.00
Trash Expense
  1. 12444.00
Vacancyallowance
  1. 13720
Water Sewer Expense
  1. 21643.00
Water Source
  1. Public
Workmanscompensationexpense
  1. 3960.00
Year Built
  1. 2021
Year Built Source
  1. Public Records