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221 N Mountain Ave
Ontario, CA 91762 Ontario

$17,995,000 USD

Apartments For Sale • 39,000 SF

Property Details

Property Type Apartments
Total Building Size 39,000 SF
Lot Size 1.27 AC
Building Class B
Year Built 2024
Cap Rate 4.94 %

33 Transit Score

63 Walk Score

                
                    Highlights
                
                                Rare Trophy Asset: Brand New Construction, Fully Occupied Townhouse Development in Desirable West Inland Empire
                            
                                Prime Income-Producing Property: Great Long-Term Investment with Non-Rent-Controlled Units, Minimal Maintenance, Tenant Paid Utilities
                            
                                Desirable Unit Mix: Tri-Level Spacious 1-Bedroom + Den & 2-Bedroom Townhouse Units | Average Unit Size of 998 SF
                            
                                Centrally Located: Convenient Access to 10, 60, 57, 210 and 15 Freeways Connecting to all the Inland Empire, Los Angeles County, Orange County
                            
                                Luxurious Unit Amenities: Residences Feature Private Attached Garages with Bluetooth Access, EV Charging Accessible, Modern Waterproof Plank Flooring
                            
                                Building Features Include: Controlled Gated Access at Alleyway, Professional Management, Shared Picnic Area with BBQ Grilling Stations

Financial Summary (Actual)

Net Operating Income: $888,740 USD (2023)

Cap Rate:	4.94 %
Total Expenses:	$407,866 USD

Amenities

24 Hour Access
Air Conditioning
Dishwasher
Picnic Area
Washer/Dryer
Grill
Kitchen
Refrigerator
Oven
Stainless Steel Appliances
Range
Tub/Shower
Vinyl Flooring

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	-	3.4 mi
Airport	Drive	Walk	Distance
Ontario International	9 min	-	4.5 mi
John Wayne/Orange County	47 min	-	38.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	13
Type:	Surface
Included in Rent:	Yes

Eric Chen 909-418-2071 CBRE, Inc.

221 N Mountain Ave Ontario, CA 91762 Ontario