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    827 N Palmetto Ave

    Ontario, CA 91762
    • $3,850,000
    • STATUS: Active
    • ON SITE: 18 days
    • MLS #: 21-777908
    UPDATED: 34 min ago
    $3,850,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,210
      SQFT
    • $377
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:
    Area:

    School Ratings & Info

    Description

    A 14 unit apartment complex for sale in the highly desirable rental market of the city of Ontario. The subject property is comprised of an outstanding unit mix consisting of (6) 2-Bed / 1.75 Baths, (1) 2-Bed / 1-Bath, (3) 1-Bed / 1-bath, and (4) Studio / 1-Bath's. Tenants enjoy a beautiful swimming pool, common area laundry facility & garage carport and open space parking. Each unit is separately metered for gas and electricity - owner pays the water and trash. The city of Ontario is located just 35 miles east of downtown Los Angeles and home to the Ontario International Airport. Given the high demand for housing and the city's strategic location within close proximity to major employment hubs, the city of Ontario is positioned to remain a strong multi-family rental market for years to come.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-16T09:42:34.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/120920773
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    827 N Palmetto Ave Ontario, CA 91762

    • Price: $3,850,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 21-777908
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    10,210
    SQFT
    $377
    $/SQFT
    1966
    Built
    Neighborhood:
    Ontario
    County:
    San Bernardino
    Area:
    Ontario
    Property Description
    A 14 unit apartment complex for sale in the highly desirable rental market of the city of Ontario. The subject property is comprised of an outstanding unit mix consisting of (6) 2-Bed / 1.75 Baths, (1) 2-Bed / 1-Bath, (3) 1-Bed / 1-bath, and (4) Studio / 1-Bath's. Tenants enjoy a beautiful swimming pool, common area laundry facility & garage carport and open space parking. Each unit is separately metered for gas and electricity - owner pays the water and trash. The city of Ontario is located just 35 miles east of downtown Los Angeles and home to the Ontario International Airport. Given the high demand for housing and the city's strategic location within close proximity to major employment hubs, the city of Ontario is positioned to remain a strong multi-family rental market for years to come.
    Exterior Features

    Lot Size Area 12640 Other Structures None Parking Garage None Pool Description In Ground Pool YN Yes Total Parking 12

    Interior Features

    Baths Total 14.00 Cooling None Equipment None Heating None Laundry Room

    Property Features

    Assessed Total Value 1759808 Gross Income 244812 Gross Operating Income 237468 Like Units1 6 Like Units2 1 Like Units3 3 Like Units4 4 Net Operating Income 137429.00 Number Of Buildings 2 Number Of Units 14 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 100038 Type Of Units Multi-Family Year Built Source Assessor Zoning R-3

    Listing provided courtesy of Nicholas Petrosian DRE#01462598 of Remax Commercial And Investment Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-16T09:42:34.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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