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10325 Lehigh Ave
Montclair, CA 91763

$3,600,000 USD

Apartments For Sale • 12,701 SF

Property Details

Property Type Apartments
Total Building Size 12,701 SF
Lot Size 0.37 AC
Building Class C
Year Built 1962
Cap Rate 5.24 %
Zoning R-3, Montclair

36 Transit Score

59 Walk Score

                
                    Highlights
                
                                Attractive Assumable Financing – 3.68% Interest Only Debt with a Fixed Rate until June 2029 (IO Expires in 2027) 
                            
                                Excellent City of Montclair Location – Located just 1-Mile away from the 10 Freeway and Adjacent to Highly Amenitized Locations
                            
                                Unit Mix Features Mostly Large 2-Bedroom/2-Bathroom and 3-Bedroom/ 2-Bathroom Units, Avg. 1,000 SF Each
                            
                                Phenomenal Day-1 Income – Property Boasts a Strong 5.2% CAP Rate & 12.11 GRM on Existing Rents
                            
                                Well-Maintained Asset with Nearly 30% Loss-to-Lease | 7.24% CAP Rate & 9.55 GRM at Market Rents
                            
                                Higher Allowable Annual Rent Increases of 5% + CPI – City of Montclair has No Local Rent Restricting Ordinances

Financial Summary (Actual)

Net Operating Income: $188,667 USD (2023)

Cap Rate:	5.24 %
Total Expenses:	$99,761 USD

Amenities

24 Hour Access
Laundry Facilities
Microwave
Picnic Area
Refrigerator
Oven
Range
Tub/Shower
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Montclair (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	5 min	-	2.7 mi
Claremont (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	5 min	-	2.7 mi
Airport	Drive	Walk	Distance
Ontario International	12 min	-	6.8 mi
John Wayne/Orange County	44 min	-	36.6 mi

Parking Details

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

Eric Chen 909-418-2071 CBRE, Inc.

10325 Lehigh Ave Montclair, CA 91763