$1,195,000
12785 Monte Vista Avenue Chino, CA 91710
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$1,195,000
Est. payment /mo
7 BD
2,340 SqFt
New
12785 Monte Vista Avenue Chino, CA 91710
UPDATED:
11/13/2024 03:34 AM
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,340 sqft
Price per Sqft $510
MLS Listing ID CL24462645
Bedrooms 7
HOA Y/N No
Year Built 1938
Lot Size 6,500 Sqft
Acres 0.15
Property Description
We are pleased to present 12785 Monte Vista Avenue, a rare 4-unit multifamily property located in the desirable city of Chino, California. The property features an ideal unit mix of three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, totaling 2,340 square feet of living space. All units are single-story and situated in a quiet residential neighborhood, offering a peaceful living environment for tenants. The property sits on a 6,500-square-foot corner lot, consisting of two duplexes, each with garage parking and additional open parking spaces. All units are separately metered for gas and electricity, helping reduce operating expenses for the owner. Currently operating at a 5.04% cap rate, the property has 27.4% upside in rents, with market rents supporting a 7.01% pro forma cap rate. This investment is positioned in a highly supply-constrained market, with only two comparable 2-4 unit properties sold this year and fewer than 50 fourplexes in the entire city. Opportunities to acquire multifamily assets in Chino are limited, which ensures strong long-term value retention for investors. The property offers excellent access to major transportation routes, including the 60 and 71 Freeways, providing direct connections to Ontario International Airport, Chino Hills Shopping Cente
Location
State CA
County San Bernardino
Area Listing
Interior
Fireplace No
Exterior
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 1015641020000
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Oscar Diaz • Marcus & Millichap
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