$1,400,000
$1,350,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
324 W Park ST Ontario, CA 91761
10,018 Sqft Lot
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV20220446
Sold Date 12/11/20
HOA Y/N No
Year Built 1963
Lot Size 10,018 Sqft
Acres 0.23
Property Description
We are pleased to exclusively offer for sale this 5 unit "Turn-Key" multi-family investment in the city of Ontario. Over the last year the subject property has undergone extensive capital improvements which include for ALL 5 units; new copper plumbing throughout including new copper mainline, all new electrical system with new individual sub-panels, new wiring throughout as well as recessed lighting and decora plugs and switches. New kitchens and bathrooms including modernized kitchen with private laundry hookups, new kitchen cabinets with quartz countertops, new kitchen appliances, tiled bathroom showers, new vanity, and new fixtures. Throughout the unit, you will find a modernized color scheme with tiled floors, new interior doors, and base moldings, as well as 3 wall A/C units for each apartment (1 in living room & 1 in each bedroom) as well as a ceiling fan in each bedroom. New exterior paint, all brand new dual pane windows, and new wooden fenced yards were completed as well. Comprised of 2Bed/1Bath single-story units with an average living size of 870 sqft each, tenants enjoy private backyards and car-port parking. All units are separately metered for electricity and gas, while the owner pays for water and trash. Offered for sale at a current 5.36% CAP Rate and 13.21 GRM, you just can not find this quality of an investment, for this type of cash return, anywhere in the local market!
Location
State CA
County San Bernardino
Area 686 - Ontario
Rooms
Ensuite Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside
Interior
Interior Features All Bedrooms Down
Laundry Location Electric Dryer Hookup,Gas Dryer Hookup,Inside
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Assigned
Carport Spaces 5
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Parking Type Assigned
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 1049273160000
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with HUGO CASTANEDA • CENTURY 21 REALTY MASTERS