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716 W Phillips St
Ontario, CA 91762

$6,000,000 USD

Apartments For Sale • 17,070 SF

Property Details

Property Type Apartments
Total Building Size 17,070 SF
Lot Size 1.1 AC
Building Class C
Year Built 1984
Cap Rate 4.80 %
Zoning R3

26 Transit Score

35 Walk Score

                
                    Highlights
                
                                Favorable Interest Only Seller Financing Available (contact broker for terms)
                            
                                Rare Opportunity to Purchase 15 Individually Parceled Townhouse-Style Units Significantly Below Market Pricing
                            
                                100% Large 2-Bedroom/2.5-Bathroom Townhomes, Approximately 1,200 SF Per Unit
                            
                                Exceptional Location – The City of Ontario is the Fastest Growing Community in the Inland Empire
                            
                                Boasts a 4.80% CAP Rate, A Strong CAP Rate for an 1980s Product with 15 Individual Parcels
                            
                                Great Amenities Offering Ample On-Site Parking, 2-Car Garages for Each Unit, Patios & Balconies, Open Community Space, In-Unit Laundry, and Much More

Financial Summary (Actual)

Net Operating Income: $288,268 USD (2023)

Cap Rate:	4.80 %
Total Expenses:	$108,374 USD

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Washer/Dryer
Heating
Kitchen
Oven
Freezer

Public Transportation

Commuter Rail	Drive	Walk	Distance
Ontario Amtrak (Sunset Limited - Amtrak, Texas Eagle - Amtrak)	4 min	-	1.6 mi
Upland (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	7 min	-	3.9 mi
Airport	Drive	Walk	Distance
Ontario International	9 min	-	4.5 mi
John Wayne/Orange County	46 min	-	38.0 mi

Eric Chen 909-418-2071 CBRE, Inc.

716 W Phillips St Ontario, CA 91762