9325 Mills Ave
Montclair, CA 91763
Multifamily Property For Sale · 4 Units

This deal is a real eyeopener. In rare instance that a Montclair fourplex becomes available, they've been selling for $50-$60k more than our asking price! Seller inherited these units and is moving out of the area. These units perform light years beyond anything comparable in market. At our below market actual mo/mo rents, we're performing at 12.96 GRM, 5.86% Cap, and a 6.25% Cash on Cash Return. And adjust to market rents, we're at an incredible 11.67 GRM, 6.70% Cap, and a 9.61% Cash on Cash Return. Please see rent roll, & income, expenses, and returns attached. These fourplexes have super amenities that leave a current waiting list for tenants. Front units are large freestanding 3 bedroom, 2 bath houses with very large kitchens, large living rooms, and large bedrooms w/ walk in closets. Further, these units have laundry hook ups inside each 3 bedroom unit. The three rear units are large 2 bed 1 bath units that also have large kitchens, large living rooms, and large bedrooms. All units have private single car garages. Further, these units have a private fenced yard that is ideal for taking care of kids. Location doesn't get any better. Within easy walking distance to the bus stop, grocery store, drug store, and a short distance in between the 60 & 10 freeways. In this offering, you can purchase two clone fourplexes for $699K each, and control 8 units with sub 5 unit 30 yr fixed financing.