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790 Ferrari Ln

Ontario, CA 91764

1 909 294 2593

kris@theapartmentdealer.com

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5 Units in Ontario

1101 E 5th St, Ontario, CA 91764, USA
Sold for$1,145,000$229,000/Per Unit

Description

TRANSACTION HIGHLIGHTS

  • Comprised of All 2-Bed/1-Bath Spacious Units
  • Newer 1980’s Construction
  • Tenants Enjoy Plenty of Onsite Garage Parking & Onsite Laundry Facility
  • Seller Spent Over $200,000 in Recent Capital Improvements Prior to Sale Including:
    • Tankless Water Heaters
    • New Center A/C
    • Completely Remodeled Interiors
    • New Copper Plumbing
    • Upgraded Electrical & More
  • At the COE the Rents were Substantially Under Market and the Property Still Sold for $229,000 Per Unit!

FINAL SALES PRICE

  • Seller Provided Private Financing With 25% Down Payment, 4.75% Fixed for 5 Years
  • Kris and Deepen Represented Both Buyer and Seller
  • Address: 1101 E 5th St
  • City: Ontario
  • State/county: California
  • Zip/Postal Code: 91764
  • Country: United States

Detail

Updated on July 30, 2019 at 3:41 pm

  • Price: Sold for $1,145,000
  • Property Size: 4121 SqFt
  • Land Area: 15180 SqFt
  • Year Built: 1985
  • Property Type: Multi Family
  • Property Status: Just Sold, Sold

Additional details

  • # of Units: 5
  • Unit Mix: 5 (2+1)
  • Zoning: LDR
  • Cap Rate: 3.98%
  • GRM: 15.85
  • We Represented: Seller/Buyer
  • Close of Escrow: 07/24/2019

WalkScore

walkscore50 / Car-Dependent more details here

Contact info

Deepen Shah
Deepen Shah
(909) 294-2603(909) 568-5200
Kristopher German
Kristopher German
(909) 294-2593(909) 645-0443
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