409 N Cherry Avenue

    Ontario, CA 91764
    • $1,088,260
    • STATUS: Active
    • ON SITE: 121 days
    • ID#: 19512914
    $1,088,260
    • 5
      BEDS
    • 0.2
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 4,438
      SQFT
    • $245
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1895
    County:

    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 CARETS as of 2020-01-19T23:47:15.413. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/99184816

    409 N Cherry Avenue Ontario, CA 91764

    • Price: $1,088,260
    • Status: Active
    • ID#: 19512914
    5
    Beds
    3
    Baths
    0
    ½ Baths
    0.2
    Acres
    4,438
    SQFT
    $245
    $/SQFT
    1895
    Built
    Neighborhood:
    Ontario (686)
    County:
    San Bernardino
    Area:
    Ontario (686)
    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

    Common Walls Detached/No Common Walls Lot Size Dimension Description A0.1964 Number Patio 3 Open Other Spaces Total 8 Parking Spaces Total 8 Parking Type Carport Attached

    Interior Features

    Appliances DishwasherDryerGarbage DisposalRefrigeratorWasher Bathroom Features Remodeled Cooking Appliances Range HoodRange Cooling Type Wall Or Window Units Heating Type Wall Heater Interior Features BasementOpen Floor PlanRecessed LightingStorage SpaceTurnkey Kitchen Features Granite Counters Laundry Locations Laundry Area In Unit Number Dishwasher 1 Number Disposal 3 Number Range 3 Number Refrigerator 3 Number Wall AC 3 Total Floors 1 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 2 Unit Number Of Bed03 1 Water Heater Features Gas Water Heaters YN Y

    Property Features

    Actual Annual Gross Rent 64800.00 Actual Gross Annual Income 64800.00 Actual Rent Total 64800.00 Adjusted Gross Income 64800.00 Building Permit YN Y Buyer Financing Conventional Country United States Of America Expense Electric 0.00 Expense Gardener 720.00 Expense Gas 0.00 Expense Insurance 1404.00 Expense Tax 9808.00 Expense Total Annual 14532.00 Expense Water 2600.00 Gross Operating Income 64800.00 Gross Rent Multiplier 16.80 Gross Scheduled Income 64800.00 Gross Spendable Income 50268.00 Hoa YN N Land Lease Type Fee Legal Disclosures No Property Assessments Listing Terms CashCash To New Loan Lot Size Source Vendor Enhanced Monthly Gross Income 5400.00 Net Operating Income 50268.00 Number Electric Meters 3 Number Gas Meters 3 Number Leased 3 Number Of Buildings 3 Number Water Meters 1 Special Conditions Standard Sale Square Footage Source Other Tenant Pays ElectricityGas Unit Monthly Rent01 2000.00 Unit Monthly Rent02 1800.00 Unit Monthly Rent03 1600.00 Unit Projected Total Monthly Rent01 2300.00 Unit Projected Total Monthly Rent02 2200.00 Unit Projected Total Monthly Rent03 1900.00 Unit Total Monthly Rent01 2000.00 Unit Total Monthly Rent02 1800.00 Unit Total Monthly Rent03 1600.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Units Total In Complex 3

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


    Based on information from CARETS as of 2020-01-19T23:47:15.413. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake CA, 91361