Property · 2 recorded sales since 2016
Listing Agent: Ari Wintraub (DRE #01943483) · Listing Office: Sotheby's International Realty · Contact: 310-481-6262 · Bought with: Mark Villanueva · First Team Real Estate · MLS #20553416 · Source: CRMLS
Not finding good deals in Los Angeles? Here is a 6 plus Cap Rate in one of the Nations' fastest growing markets--The Inland Empire. A charming Covington Style building features a front unit designed for potential Owner Occupants-a 3/2 with a large living room, fireplace and no tenant above the unit. A part of Mountainview HOA that includes weekly landscaping, maintenance, trash dumpsters/pick up, and reserves to maintain asphalt & greenbelt areas. The two mid-building units are both 2/2's, then the rear unit is an upper level that enjoys an oversized balcony with glorious mountain views. The 2 downstairs units have fenced patios. Recent upgrades include new carpet, paint and blinds. Each unit has central A/C & heat. The building has 4 garages & 4 uncovered parking spaces. Receive good cash flow from day one, with value-add potential. Moments away from University of Redlands and Downtown Orange street with new retail, amenities and good fwy access.
Listing description from the March 2020 sale, as reported to CRMLS.