1101 E 5th Street, Ontario, CA 91764
Property
Sold March 2023
Listing Agent: Brett Bayless (DRE #01718244) · Listing Office: Brett Bayless, Broker · Contact: 949-887-2465 · Bought with: EYAD TABEL · Berkshire Hathaway Homeservices California Realty · MLS #OC22168878 · Source: CRMLS
About this property
We are pleased to present the opportunity to acquire 1101 East 5th Street, a five-unit multifamily community located in Ontario, California. Built in 1985 and situated on 0.35 acres, the property is comprised of a single two-story building housing all two-bedroom / one-bathroom units measuring 850 square feet. The interiors have all been completely remodeled with new finishes as well as capital improvements including new tankless water heaters, central air conditioning and heating, plumbing, and electrical with additional planned upgrades. 1105 East 5th Street is conveniently located off the 10 Freeway, which connects residents to the employment, entertainment, shopping, and dining located in Ontario and throughout the Inland Empire region. The property is within five miles of major demand drivers and employment hubs including the Ontario Airport and its surrounding business parks and industrial centers, the Ontario Convention Center, and Ontario Mills. 5.52% CAP RATE WITH RENT INCREASE ON JAN 1 2023
Listing description from the March 2023 sale, as reported to CRMLS.
Sale history