324 W Park Street, Ontario, CA 91761
Property · 2 recorded sales since 2019
Sold December 2020
Listing Agent: KRISTOPHER GERMAN (DRE #01800021) · Listing Office: RE/MAX 2000 · Contact: 909-948-2988 · Bought with: HUGO CASTANEDA · CENTURY 21 REALTY MASTERS · MLS #CV20220446 · Source: CRMLS
About this property
We are pleased to exclusively offer for sale this 5 unit "Turn-Key" multi-family investment in the city of Ontario. Over the last year the subject property has undergone extensive capital improvements which include for ALL 5 units; new copper plumbing throughout including new copper mainline, all new electrical system with new individual sub-panels, new wiring throughout as well as recessed lighting and decora plugs and switches. New kitchens and bathrooms including modernized kitchen with private laundry hookups, new kitchen cabinets with quartz countertops, new kitchen appliances, tiled bathroom showers, new vanity, and new fixtures. Throughout the unit, you will find a modernized color scheme with tiled floors, new interior doors, and base moldings, as well as 3 wall A/C units for each apartment (1 in living room & 1 in each bedroom) as well as a ceiling fan in each bedroom. New exterior paint, all brand new dual pane windows, and new wooden fenced yards were completed as well. Comprised of 2Bed/1Bath single-story units with an average living size of 870 sqft each, tenants enjoy private backyards and car-port parking. All units are separately metered for electricity and gas, while the owner pays for water and trash. Offered for sale at a current 5.36% CAP Rate and 13.21 GRM, you just can not find this quality of an investment, for this type of cash return, anywhere in the local market!
Listing description from the December 2020 sale, as reported to CRMLS.
Sale history
