403 E Acacia Street, Ontario, CA 91761
Property · 2 recorded sales since 2015
Sold December 2020
Listing Agent: KRISTOPHER GERMAN (DRE #01800021) · Listing Office: RE/MAX 2000 · Contact: 909-948-2988 · Bought with: KRISTOPHER GERMAN · RE/MAX 2000 · MLS #CV20215693 · Source: CRMLS
About this property
We are pleased to offer for sale this 9 unit investment property located in the city of Ontario. Comprised of 3 separate buildings, the unit composition is ALL 2Bed/1Bath units. The first structure is a 1950's built single family cottage with private yard and laundry hookups. The remaining 2 buildings were constructed in 1982 and offer central A/C and heat. All tenants pay for electricity & gas, while the owner pays for water and trash. The offering is comprised of 2 lots (total size 23,580 sqft), the first being the lot on which the structures currently exist, and then an additional lot to the rear which may allow for additional development (buyer and buyer's agent to verify.) Offered at a current 13.34 GRM and a 4.82% CAP Rate, the offering is already a lucrative opportunity for a new investor, not to mention the additional 30% upside in rental rates that exists given the low rents in place. Ontario has only seen vacancy tighten and rental rates climb given it is a desirable rental location for tenants, and a great opportunity for investors looking for the path of appreciation.
Listing description from the December 2020 sale, as reported to CRMLS.
Sale history
