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1027 W E St
Ontario, CA 91762 Ontario

$2,800,000 USD

Apartments For Sale • 11,044 SF

Property Details

Property Type Apartments
Total Building Size 11,044 SF
Lot Size 0.39 AC
Building Class C
Year Built 1961
Cap Rate 3.78 %
Zoning R3

32 Transit Score

65 Walk Score

                
                    Highlights
                
                                Excellent Ontario Rental Location – Between 10 & 60 Freeways off Mountain Avenue
                            
                                Partially Upgraded Units with Positive Rent Growth Potential – Upon a Complete Remodel, Rents are Looking to Grow Approximately 58% to Achieve Market 
                            
                                Two Six-Unit Buildings, Totaling ±11,044 Rentable SF, Situated on a Corner ±17,001 SF Lot
                            
                                All 2-Bedroom/1-Bathroom Units, Approximately 920 SF
                            
                                Offer at 3.78% Cap Rate on Current Income- 7.39% Cap Rate with Rent Increases
                            
                                Professionally Managed Well Maintained Property – New Exterior Paint with Termite Completion, Carport Roof Redone in the Past 5 Years

Financial Summary (Actual)

Net Operating Income: $105,748 USD (2023)

Cap Rate:	3.78 %
Total Expenses:	$76,025 USD

Amenities

Air Conditioning
Storage Space
Heating
Tile Floors
Granite Countertops
Hardwood Floors
Oven
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Ontario Amtrak (Sunset Limited - Amtrak, Texas Eagle - Amtrak)	3 min	-	1.5 mi
Upland (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	6 min	-	3.2 mi
Airport	Drive	Walk	Distance
Ontario International	9 min	-	4.5 mi
John Wayne/Orange County	47 min	-	38.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Covered
Included in Rent:	Yes

Eric Chen 909-418-2071 CBRE, Inc.

1027 W E St Ontario, CA 91762 Ontario