$1,050,000
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.
Click to interact with map
Listed by Kristopher German with RE/MAX 2000 REALTY (626) 956-0188
Property Type
Apartment
Status
Active
MLS Number
CV26076787
Year Built
1962
Lot Size
7,079 sq ft