$1,170,000
*** Please call or text for Offering Memorandum *** Pleased to exclusively present the opportunity to acquire 1228 West Rosewood Court, a 4-unit multifamily investment property located in the City of Ontario, California. Constructed in 1962, the property is sits on a 7,560 square foot parcel with a total building area of 3,672 square feet and is conveniently situated just west of Mountain Avenue and south of 4th Street. The parking consists of four single-car garages and five additional open parking spaces. Each unit includes tile flooring throughout and window air conditioning. Three of the four units have private patios. All units are individually metered for gas and electricity and there is a central hot water heater. The property also features a vacant on-site laundry room ready for machine installation, creating an opportunity for additional income. The offering is ideally located within close proximity to major transportation corridors, providing residents with convenient access throughout the Inland Empire and surrounding counties. Ontario continues to experience strong economic growth supported by logistics, warehousing, and distribution industries, largely driven by the continued expansion of Ontario International Airport. The airport serves as a major regional employment hub and economic driver, strengthening rental demand in the surrounding neighborhoods. With a 28% rental upside, this property benefits from convenient access to major retail and lifestyle amenities, including Ontario Mills and Toyota Arena, offering residents a variety of shopping, dining, and entertainment options. With continued population growth, rising housing costs across Southern California, and limited new small-multifamily supply in established neighborhoods, Ontario remains an attractive rental market
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Listed by Douglas McCauley with MARCUS & MILLICHAP (909) 456-3400
Property Type
Quadruplex
Status
Active
MLS Number
CV26054876
Year Built
1962
Lot Size
7,562 sq ft