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$ 1,050,000
Est. payment | /mo
8 Beds
8 Baths
7,080 Sqft Lot
$ 1,050,000
Est. payment | /mo
8 Beds
8 Baths
7,080 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26076787
Bedrooms 8
Lot Size 7,080 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Priced to Sell! Exceptional opportunity to acquire a 4-unit multi-family property in the city of Ontario, featuring all LARGE 2-Bedroom/2-Bathroom units, a highly desirable unit profile that attracts strong tenant demand. This property offers 3,552 rentable square feet on a 7,080 sq. ft. lot. The property delivers solid in-place returns with a 5% CAP Rate and 13 GRM, while also presenting 30%+ upside in rental income, creating a clear path for increased cash-flow through strategic repositioning. Each unit is separately metered for electricity and gas, helping to control operating expenses. Tenants benefit from garage parking, an onsite laundry facility, and select units with private patios, enhancing overall rental appeal and retention. With its strong unit mix, desirable amenities, and significant upside potential, this property represents an excellent opportunity for investors seeking both immediate income and long-term value growth in a stable Inland Empire market.
Location
State CA
County San Bernardino
Zoning Assessor
Direction South of 4th St. West of Mountain Ave.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 1010131280000
Listed by Kristopher German, DRE#01800021 RE/MAX 2000 REALTY
Nearby Locations
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Ben Biggs
REALTOR® | Lic# 02016327