431 S Euclid Ave - Apartments FOR SALE


Ontario, CA 91762- Downtown Ontario | 
$1,495 USD
626-873-0036
431 S Euclid Ave, Ontario, CA for Sale
$1,495 USD
Apartments - FOR SALE
1/24
null | 6% Cap Rate

431 S Euclid Ave
Ontario, CA 91762
Downtown Ontario


OVERVIEW

Seven income-producing units with current gross scheduled rent of $84,000 annually. Current rents average approximately $1,000 per unit per month. Conservative pro forma rent of $1,600 per unit produces $134,400 annual gross scheduled income. Approximately $50,400 of potential annual gross rental upside. Manager's unit currently pays $800 per month. Current property tax is only approximately $910 annually due to the low assessed value. Central Ontario location along the Euclid Avenue corridor. Value-add profile suited to an investor seeking income growth over time.

FOR SALE DETAILS

PRICE

$1,495 USD

PRICE/SF

$0.50 USD /SF

# OF UNITS

7

PRICE/UNIT

$214

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Delivered Vacant 7 Unit Cash flow

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,150 SF

ZONING

IL

APN/PARCEL ID

1049-241-01

ASK ABOUT THIS PROPERTY

626-873-0036

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

626-873-0036

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.