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1101 E 5th Street

Ontario, CA 91764
  • $1,650,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: OC22168878
UPDATED: 71 min ago
$1,650,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1985
County:

School Ratings & Info

Listing Agent(s): Brett Bayless of Brett Bayless, Broker (949-887-2465)


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. Note: Additional Unit Potential - Seller to Construct an Accessory Dwelling Unit After the Close of Escrow at Seller's Expense.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T17:31:13.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/131486776
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1101 E 5th Street Ontario, CA 91764

  • Price: $1,650,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 71 min ago
  • ID#: OC22168878
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1985
Built
Neighborhood:
686 - Ontario
County:
San Bernardino
Area:
686 - Ontario
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. Note: Additional Unit Potential - Seller to Construct an Accessory Dwelling Unit After the Close of Escrow at Seller's Expense.
Exterior Features

Lot Features Yard Number Of Separate Electric Meters 6 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 479 Fuel Expense 445 Garage YN Yes Gross Income 97500 Gross Scheduled Income 97500 Insurance Expense 1727 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To Existing LoanCash To New Loan Net Operating Income 61868 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 33607 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 5300 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T17:31:13.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Brett Bayless of Brett Bayless, Broker (949-887-2465)