4484 La Deney St - Apartments FOR SALE


Montclair, CA 91763
$1,495,000 USD
707-225-2402
4484 La Deney St, Montclair, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/9
null | 5.14% Cap Rate

4484 La Deney St
Montclair, CA 91763


HIGHLIGHTS

  • 100% Two-Bedroom/One-Bathroom Unit Mix
  • Comprehensive Interior and Exterior Renovations
  • Over $120,000 Invested in Property Improvements
  • Desirable Residential Location with Strong Tenant Demand
  • Attractive Current Cash Flow with Continued Upside Potential

OVERVIEW

We are pleased to present 4484 La Deney Drive, Montclair, CA an exceptional opportunity to acquire a turnkey multifamily asset in a desirable residential neighborhood. The property features an attractive 100% two-bedroom, one-bathroom unit mix and has benefited from over $120,000 in recent capital improvements, providing investors with a low-maintenance asset offering strong in-place income and long-term stability. Current ownership has completed an extensive renovation program throughout the property, including fresh interior and exterior paint, roof maintenance, new flooring throughout all units, brand-new kitchen appliances (including dishwashers), new kitchen and bathroom cabinetry, new countertops, and the installation of washer/dryer hookups in each unit.Additionally, all units are equipped with built-in air conditioning, enhancing tenant comfort and marketability. The property also offers an excellent parking ratio with eight total on-site parking spaces, consisting of four covered carports and four additional uncovered spaces, a highly desirable amenity for tenants. Situated in an established residential neighborhood with convenient access to major employment centers, shopping, dining, schools, and freeways, 4484 La Deney Drive combines quality improvements, a desirable unit mix, and strong cash flow to create an outstanding investment opportunity with immediate income and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

4

PRICE/UNIT

$373,750

CAP RATE

5.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3, Montclair

APN/PARCEL ID

1009-101-07

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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