7,078 Sqft Lot
7,078 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26076787
HOA Y/N No
Year Built 1962
Lot Size 7,078 Sqft
Property Sub-Type Apartment
Property Description
The property delivers solid in-place returns with a 5% CAP Rate and 13 GRM, while also presenting 30%+ upside in rental income, creating a clear path for increased cash-flow through strategic repositioning. Each unit is separately metered for electricity and gas, helping to control operating expenses.
Tenants benefit from garage parking, an onsite laundry facility, and select units with private patios, enhancing overall rental appeal and retention. With its strong unit mix, desirable amenities, and significant upside potential, this property represents an excellent opportunity for investors seeking both immediate income and long-term value growth in a stable Inland Empire market.
Location
State CA
County San Bernardino
Area 686 - Ontario
Zoning R3
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned, Door-Single, Garage
Garage Spaces 4.0
Garage Description 4.0
Fence Block
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N No
View None
Roof Type Shingle
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 1010131280000
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Lease Land No
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA