Ontario, CA 91761,324 W Park ST
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Ontario, CA 91761,324 W Park ST
Ontario, CA 91761,324 W Park ST
Ontario, CA 91761,324 W Park ST
Ontario, CA 91761,324 W Park ST

$1,400,000

Est. payment /mo

$1,350,000

3.7%
Est.Price: ?

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324 W Park ST Ontario, CA 91761

10,018 Sqft Lot

SOLD DATE : 12/11/2020

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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California Regional MLS (CRMLS)
Listed by KRISTOPHER GERMAN • RE/MAX 2000
Bought with HUGO CASTANEDA • CENTURY 21 REALTY MASTERS

Anna Taylor

Agent | License ID: 02115281

+1(562) 275-1710

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