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790 Ferrari Ln

Ontario, CA 91764

1 909 294 2593

kris@theapartmentdealer.com

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7 Units in Ontario

560 W Vesta St, Ontario, CA 91762, USA
Sold For$1,290,000$184/Per Unit

Description

Property Description

  • Comprised of (1) 2-Bed/1-Bath Cottage & (6) Spacious 1-Bed/1-Bath Units
  • Most Unit Interiors Updated with Wood Plank Flooring and Tile in the Kitchen and Bathrooms
  • Desirable Single-Story Construction
  • 7 Units Spread Across 3 Duplexes + 1 Individual Cottage
  • Tenants Enjoy Plenty of Onsite Parking in Rear
  • Individually Metered for Gas & Electricity
  • Strong Current Financials with Upside in Rental Income
  • Current Cap Rate: 5.01% | Current GRM: 13.15
  • Proforma Cash-on-Cash: 7.68+% | Proforma GRM: 11.09
  • Address: 560 W Vesta St
  • City: Ontario
  • State/county: California
  • Zip/Postal Code: 91762
  • Country: United States

Detail

Updated on January 7, 2020 at 9:54 am

  • Price: Sold For $1,290,000
  • Property Size: 4352 SqFt
  • Land Area: 16011 SqFt
  • Year Built: 1948
  • Property Type: Multi Family
  • Property Status: Sold

Additional details

  • # of Units: 7
  • Unit Mix: 1 (2+1 SFR), 6 (1+1)
  • Cap Rate: 4.89%
  • GRM: 13.46
  • We Represented: Seller / Buyer
  • Close of Escrow: 12/17/2019

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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