34.073345 -117.668915

827 N Palmetto Avenue Ontario, CA 91762

235426426 34.073345 -117.668915 124 /listing/235426426-150132049/827-n-palmetto-avenue-ontario-ca-91762 False 0 2625000.0 105 CV19073285 False
  • $2,625,000
  • 12,640 lot
  • Est payment $14091.57/mo

Property & Neighborhood Info

Courtesy Of KRISTOPHER GERMAN, RE/MAX 2000

Multi-Family in Ontario

BACK ON MARKET! Current CAP Rate 5.27%! Only 12.1 GRM! We are pleased to exclusively offer for sale this 14 unit multi-family asset in the highly sought after rental community of the city of Ontario. The subject property offers a diverse unit mix comprised of 7 (2 Bed/1.75 Bath)s, 3 (1 Bed/1 Bath)s, and 4 Studio apartments. Tenants enjoy newly renovated onsite sparkling pool, both garage and open space parking, as well as a laundry facility. All units are separately metered for electricity & gas while the owner pays for water and trash. With some modest capital improvement over time, a new investor can take advantage of an ever-increasing housing demand in the area, and the subsequent escalation in rental rates bringing the market cash-on-cash return to over 6%!

Courtesy Of KRISTOPHER GERMAN, RE/MAX 2000
  1. 12,640 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1966
  • Garage: 10.0
  • Floors: 2
  • County: San Bernardino County
  • Units: 14
  • Zoning: R-3
  • MLS Number:CV19073285

Additional Features

  • Laundry:
    • Inside
  • Common Walls:
    • 2+ common walls
  • Levels:
    • Two
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Land Size Source:
    • Assessor
  • Lot Features:
    • 11-15 Units/Acre
  • Pool Features:
    • Community
    • In Ground
  • Parking:
    • Assigned
  • Parking Spaces:
    • 13.00
  • Sewer:
    • Public Sewer
  • Community Features:
    • Curbs
    • Gutters
    • Sidewalks
  • Number of Buildings:
    • 2
  • Gross Income:
    • 216720.00
  • Net Operating Income:
    • 138341.00
  • CDOM:
    • 161
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • Fuel Exp:
    • 4320.00
  • Gross Operating Income:
    • 210218.00
  • Insurance Expense:
    • 4084.00
  • Listing Key:
    • 362406425
  • Lot Size Acres:
    • 0.2902
  • Lot Size Square Feet:
    • 12640.00
  • Maintenance Exp:
    • 10500.00
  • Operating Expense:
    • 71877.00
  • Price Per SQFT:
    • 257.10
  • Tax ID:
    • 1010191150000
  • Total Expenses:
    • 71877.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
TODD PICCONI
TODD PICCONI
Your Real Estate Professional
7211 N. Haven Avenue, Suite #E442 Alta Loma CA 91701
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34.073345 -117.668915

827 N Palmetto Avenue Ontario, CA 91762

235426426 34.073345 -117.668915 124 /listing/235426426-150132049/827-n-palmetto-avenue-ontario-ca-91762 False 0 2625000.0 105 CV19073285 False
  • $2,625,000
  • 12,640 lot
  • Est payment $14091.57/mo