409 N Cherry Ave

    Ontario, CA 91764
    • $1,088,260
    • STATUS: Active
    • ON SITE: 199 days
    • MLS #: 19-512914
    UPDATED: 67 min ago
    $1,088,260
    • 5
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,438
      SQFT
    • $245
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1895
    County:
    Area:

    School Ratings & Info

    Description

    The Crown Jewel of Ontario. Rare generational trophy investment opportunity. Over $200,000 has been invested in the complete upgrade of all 3 architecturally significant units. Beautiful spacious 3 SFR style & VERY profitable units in rare prime Dwtn Ontario CA location, in the heart of the best part of the city. Huge exclusive double corner lot over 8,500 sq. ft. of prime CA land. Both of the 2 front units are 2 bed 1 bath, rear unit is 1 bed 1 bath. All units come w/ all new roofing, all new upgraded plumbing & electrical, all new high end stainless steel appliances, hardwood floors, high end granite kitchen counter tops, new water heaters, large private & gated yards & all units are separately metered for gas / electricity. No expense spared in the upgrade & maintenance of these very well maintained elegant gorgeous units, as a result there is very low expected future maintenance. 100% fully occupied turn key asset in high growth area. JUST REDUCED 200K FOR 1031 EXCHANGE.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-07T21:42:13.99. 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.deirdrecoitandassociates.com/homes/99184816

    409 N Cherry Ave Ontario, CA 91764

    • Price: $1,088,260
    • Status: Active
    • Updated: 67 min ago
    • MLS #: 19-512914
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    4,438
    SQFT
    $245
    $/SQFT
    1895
    Built
    Neighborhood:
    Ontario
    County:
    San Bernardino
    Area:
    Ontario
    Property Description
    The Crown Jewel of Ontario. Rare generational trophy investment opportunity. Over $200,000 has been invested in the complete upgrade of all 3 architecturally significant units. Beautiful spacious 3 SFR style & VERY profitable units in rare prime Dwtn Ontario CA location, in the heart of the best part of the city. Huge exclusive double corner lot over 8,500 sq. ft. of prime CA land. Both of the 2 front units are 2 bed 1 bath, rear unit is 1 bed 1 bath. All units come w/ all new roofing, all new upgraded plumbing & electrical, all new high end stainless steel appliances, hardwood floors, high end granite kitchen counter tops, new water heaters, large private & gated yards & all units are separately metered for gas / electricity. No expense spared in the upgrade & maintenance of these very well maintained elegant gorgeous units, as a result there is very low expected future maintenance. 100% fully occupied turn key asset in high growth area. JUST REDUCED 200K FOR 1031 EXCHANGE.
    Exterior Features

    Lot Size Area 8554 Other Structures None Parking Garage Carport Attached Pool YN No Tennis YN No Total Parking 8

    Interior Features

    Bathroom Features Remodeled Baths Total 3.00 Common Walls Detached/No Common Walls Cooling Wall/Window Den No Dining Room No Equipment DishwasherDryerGarbage DisposalHood FanRange/OvenRefrigeratorWasher Family Room No Heating Wall Interior Features BasementOpen Floor PlanRecessed LightingStorage SpaceTurnkey Kitchen Features Granite Counters Laundry In Unit Laundry Equipment Own Water Heater Features Gas

    Property Features

    Electric Expense 0.00 Gardener Expense 720.00 Gross Income 64800 Gross Operating Income 64800 Insurance Expense 1404.00 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Monthly Gross Income 5400.00 Net Operating Income 50268.00 Number Of Buildings 3 Number Of Units 3 Rent Control YN No Sale Type Standard Source Living Area Other Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Tenant Pays ElectricityGas Total Annual Expense 14532 Type Of Units 3 Water Meter On Property Water Expense 2600.00 Water Heaters YN Yes

    Listing provided courtesy of Amir Panahi DRE#02091035 of Douglas Elliman.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-07T21:42:13.99. 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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