716 W Phillips ST new Save Request In-Person Tour Request Virtual Tour
Ontario,CA 91762
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 17,070 sqft
Price per Sqft $369
MLS Listing ID CV24215151
Year Built 1984
Lot Size 1.100 Acres
Property Description
We are proud to present the Mountain View Apartments, a 12- Unit multifamily property, located at 1027 W E Street in the City of Ontario. The Mountain View Apartments is an excellent investment opportunity situated on the corner of N Palmetto Avenue and West E Street.
Mountain View Apartments is located in Ontario, a high-demand market with a rapidly growing population. Tenant?s benefits from unparalleled convenience and accessibility to major retailers like Walmart, Costco, Raising Canes, Target, and a variety of restaurants, malls, parks, banks, and fitness centers nearby as well as essential services like Kaiser Permanente Medical Center. Within a 10-mile radius, are popular attractions like Victoria Gardens, Top Golf, Toyota Arena, and Claremont Village. The property is also located within a 25-mile radius of several notable SoCal attractions in San Gabriel Valley, Anaheim, and Riverside.
Mountain View Apartments, a 12-unit complex, offers all 2B/1B units for a total of �11,044 square feet of living space on a �17,001 square foot lot. Convenient parking is provided for all residents with 12 carports. Recent upgrades include a new roof, exterior renovations, and termite treatment. Over half of the units feature modern interiors with granite countertops, wood flooring in the living rooms, and tile flooring in the bathrooms and kitchens. The average unit size is 920 square feet.
Mountain View Apartments offers a stable and profitable investment opportunity with 58% rental growth potential to achieve market rents. Whether you?re a first-time investor, seasoned professional, or seeking a 1031 exchange, Mountain View Apartments presents a lucrative investment choice and valuable long-term asset.
Location
State CA
County San Bernardino
Area 686 - Ontario
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Central
Cooling Central Air
Laundry Inside
Exterior
Garage Spaces 15.0
Garage Description 15.0
Pool None
Community Features Curbs,Sidewalks
Building
Lot Description 11-15 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Owner Will Carry
Listing Terms Cash,Cash to New Loan,Owner Will Carry
Special Listing Condition Standard