1354 Virginia Ave new Save Request In-Person Tour Request Virtual Tour
Ontario,CA 91764
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,344 sqft
Price per Sqft $388
MLS Listing ID 25593209
Style Traditional
Bedrooms 8
Construction Status Updated/Remodeled
Year Built 1963
Lot Size 7,200 Sqft
Acres 0.165
Property Sub-Type Multi-Family
Property Description
Presenting to you your next investment opportunity in the city of Ontario. This is a fully tenant-occupied fourplex with all 2 bedroom, 1 bathroom units each with a one car garage. Some units have been updated and there is also a laundry room to generate additional monthly income. Improvements include partial sewer line replacement in 2019, a brand new roof installed in 2021, and balcony repair currently in progress in accordance to SB721 (will be completed prior to close of escrow). This property has rental income upside with a current 4.43% cap rate and a 6.12% pro-forma cap rate. Conveniently located near the freeway access, airport, shopping centers, schools, and parks. Ontario is considered one of the fastest growing cities in the Inland Empire so make this your moment to get in on an investment property here today.
Location
State CA
County San Bernardino
Area Ontario
Zoning MF
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Equipment Gas Or Electric Dryer Hookup, Washer
Laundry Other, Outside, Room, Laundry Area, Community
Exterior
Parking Features Attached, Driveway, Garage - 4+ Car, Garage Is Attached
Garage Spaces 4.0
Pool None
Waterfront Description None
View Y/N Yes
View Mountains
Roof Type Composition, Flat, Shingle
Building
Lot Description Front Yard, Lawn, Lot Shape-Rectangular, Yard, Sidewalks
Story 2
Sewer In Street
Water Public
Architectural Style Traditional
Level or Stories Two
Structure Type Stucco
Construction Status Updated/Remodeled
Schools
School District Ontario/Montclair Unified
Others
Special Listing Condition Standard