This Multifamily Property is no longer advertised on LoopNet.com.

1027 W E St
Ontario, CA 91762
Mountain View Apartments · Multifamily Property For Sale · 12 Units

Investment Highlights

  • Excellent Ontario Rental Location – Between 10 & 60 Freeways off Mountain Avenue
  • Two Six-Unit Buildings, Totaling ±11,044 Rentable SF, Situated on a Corner ±17,001 SF Lot
  • Offer at 3.78% Cap Rate on Current Income- 7.39% Cap Rate with Rent Increases
  • Partially Upgraded Units with Positive Rent Growth Potential – Upon a Complete Remodel, Rents are Looking to Grow Approximately 58% to Achieve Market
  • All 2-Bedroom/1-Bathroom Units, Approximately 920 SF
  • Professionally Managed Well Maintained Property – New Exterior Paint with Termite Completion, Carport Roof Redone in the Past 5 Years

Property Facts

No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.39 AC
Building Size 11,044 SF
No. Stories 2
Year Built 1961
Parking Ratio 1.08/1,000 SF
Zoning R3

Amenities

Unit Amenities

  • Air Conditioning
  • Storage Space
  • Heating
  • Tile Floors
  • Granite Countertops
  • Hardwood Floors
  • Oven
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 12 $1,593 920

Property Taxes

Property Taxes

Parcel Number
1010-463-04
Land Assessment
$183,885
Improvements Assessment
$1,715,041
Total Assessment
$1,898,926
  • Listing ID: 33527143

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 1027 W E St, Ontario, CA 91762

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