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790 Ferrari Ln

Ontario, CA 91764

1 909 294 2593

kris@theapartmentdealer.com

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6 Units in Ontario

132 N Pleasant Ave, Ontario, CA 91764, USA
$1,115,000$185,833/Per Unit

Description

Property Description

  • FIRST TIME ON THE MARKET IN OVER 40 YEARS!
  • (4) 2-Bed/1-Bath Cottages & (2) 1-Bed/1-Bath Spacious Units
  • Tenants Enjoy Garage Parking and Gated/Secured Entry
  • In Proximity to Ontario Airport, Ontario City Hall, and Ontario Metro Station
  • True Pride of Ownership with Completely Rehabbed Interiors
  • An Investor Will Enjoy an Entry Cash-on-Cash Return of 4.7% with a Market Potential of Over 8.20%+
  • Current Cap Rate of 5.67% With a Market Cap of 6.7+%

We are pleased to present 132 N Pleasant Avenue, a unique 6 unit multi-family property in the heart of the rapidly growing city of Ontario. This is the first time the property has been offered for sale in over 40 years! The subject property is comprised of four single-story detached 2 bedroom/1 bathroom units, along with two spacious 1 bedroom/1 bathroom units which are situated above six single-car garages. Tenants enjoy gated privacy as well as a sense of ownership from the privacy the single level units offer. The current owner has invested in a substantial amount of capital improvements including; new electrical system, new copper plumbing, as well as completely updated interiors. A new investor can take advantage of this “turn-key” asset while enjoying a generous 4.70% Cash-On-Cash Return upon the close of escrow. Poised for long term stable occupancy and growth, the subject property is ideal for your next 1031-Exchange or new purchase.

  • Address: 132 N Pleasant Ave
  • City: Ontario
  • State/county: California
  • Zip/Postal Code: 91764
  • Country: United States

Detail

Updated on May 7, 2019 at 3:52 pm

  • Price: $1,115,000
  • Property Size: 3502 SqFt
  • Land Area: 9648 SqFt
  • Year Built: 1949
  • Property Type: Multi Family
  • Property Status: In Escrow, Under Contract

Additional details

  • # of Units: 6
  • Unit Mix: 4 (2+1), 2 (1+1)
  • Zoning: LDR

Features

WalkScore

walkscore78 / Very Walkable 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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