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1101 E 5th Street

Ontario, CA 91764
  • $1,435,000
  • STATUS: CONTINGENT
  • ON SITE: 182 Days
  • ID#: OC22168878
Under Contract
UPDATED: 29 min ago
$1,435,000
  • 2
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present the opportunity to acquire 1101 East 5th Street, a five-unit multifamily community located in Ontario, California. Built in 1985 and situated on 0.35 acres, the property is comprised of a single two-story building housing all two-bedroom / one-bathroom units measuring 850 square feet. The interiors have all been completely remodeled with new finishes as well as capital improvements including new tankless water heaters, central air conditioning and heating, plumbing, and electrical with additional planned upgrades. 1105 East 5th Street is conveniently located off the 10 Freeway, which connects residents to the employment, entertainment, shopping, and dining located in Ontario and throughout the Inland Empire region. The property is within five miles of major demand drivers and employment hubs including the Ontario Airport and its surrounding business parks and industrial centers, the Ontario Convention Center, and Ontario Mills. 5.52% CAP RATE WITH RENT INCREASE ON JAN 1 2023 We are pleased to present the opportunity to acquire 1101 East 5th Street, a five-unit multifamily community located in Ontario, California. Built in 1985 and situated on 0.35 acres, the property is comprised of a single two-story building housing all two-bedroom / one-bathroom units measuring 850 square feet. The interiors have all been completely remodeled with new finishes as well as capital improvements including new tankless water heaters, central air conditioning and heating, plumbing, and electrical with additional planned upgrades. 1105 East 5th Street is conveniently located off the 10 Freeway, which connects residents to the employment, entertainment, shopping, and dining located in Ontario and throughout the Inland Empire region. The property is within five miles of major demand drivers and employment hubs including the Ontario Airport and its surrounding business parks and industrial centers, the Ontario Convention Center, and Ontario Mills. 5.52% CAP RATE WITH RENT INCREASE ON JAN 1 2023

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.berndbrokerage.com/homes/131486755
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1101 E 5th Street Ontario, CA 91764

  • Price: $1,435,000
  • Status: CONTINGENT
  • On Site: 182 Days
  • Updated: 29 min ago
  • ID#: OC22168878
2
Beds
0
Baths
0
½ Baths
0.35
Acres
Neighborhood:
Ontario (91764)
County:
San Bernardino
Area:
Ontario (91764)
Property Description
We are pleased to present the opportunity to acquire 1101 East 5th Street, a five-unit multifamily community located in Ontario, California. Built in 1985 and situated on 0.35 acres, the property is comprised of a single two-story building housing all two-bedroom / one-bathroom units measuring 850 square feet. The interiors have all been completely remodeled with new finishes as well as capital improvements including new tankless water heaters, central air conditioning and heating, plumbing, and electrical with additional planned upgrades. 1105 East 5th Street is conveniently located off the 10 Freeway, which connects residents to the employment, entertainment, shopping, and dining located in Ontario and throughout the Inland Empire region. The property is within five miles of major demand drivers and employment hubs including the Ontario Airport and its surrounding business parks and industrial centers, the Ontario Convention Center, and Ontario Mills. 5.52% CAP RATE WITH RENT INCREASE ON JAN 1 2023 We are pleased to present the opportunity to acquire 1101 East 5th Street, a five-unit multifamily community located in Ontario, California. Built in 1985 and situated on 0.35 acres, the property is comprised of a single two-story building housing all two-bedroom / one-bathroom units measuring 850 square feet. The interiors have all been completely remodeled with new finishes as well as capital improvements including new tankless water heaters, central air conditioning and heating, plumbing, and electrical with additional planned upgrades. 1105 East 5th Street is conveniently located off the 10 Freeway, which connects residents to the employment, entertainment, shopping, and dining located in Ontario and throughout the Inland Empire region. The property is within five miles of major demand drivers and employment hubs including the Ontario Airport and its surrounding business parks and industrial centers, the Ontario Convention Center, and Ontario Mills. 5.52% CAP RATE WITH RENT INCREASE ON JAN 1 2023
Exterior Features

Pool N/K Site Sidewalks

Interior Features

Stories 2 Story Total Baths Unit1 1

Property Features

Annual Expense Actual 33607 Buildings 1 Cfd Mello Roos Fee 1244.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 112896 Monthly Total Fees 103 Unit Number For Unit1 1 Unit1 Rent Actual 1882.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Brett Bayless, Broker: [IDXCONTACTINFORMATION]. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Bernd Brokerage | Meghan Bernd, Broker, DRE# 01960379
932 D St. Suite 5
Ramona CA, 92065