$1,185,000
$1,350,000
12.2%For more information regarding the value of a property, please contact us for a free consultation.
622 N Vine 622-630 AVE Ontario, CA 91762
5,183 Sqft Lot
Key Details
Sold Price $1,185,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23124376
Sold Date 06/12/24
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1953
Lot Size 5,183 Sqft
Property Description
NOI INCREASE OF 28% with room for VALUE ADD!! Exciting Investment Potential at 622-630 N Vine Ave. This exceptional property consisting of 5 units presents a lucrative opportunity for investors. Located just a few blocks from Euclid Avenue, it features a mix of three spacious 1-bed/1-bath units and two generous 2-bed/1-bath units. Each unit is accompanied by its own private garage, additional on-site parking spaces, and convenient access to a dedicated coin-operated laundry room. All units have been updated with durable tile flooring, windows, bathrooms, and with 4 out of 5 of them with newer kitchens. This multifamily property enjoys the benefit of reliable, timely-paying tenants, further enhancing its appeal. This property benefits from a prime location in Ontario, offering convenient proximity to a wide array of shops, dining establishments, and entertainment venues. As a result, it stands as a highly sought-after investment opportunity in the area.
Location
State CA
County San Bernardino
Area 686 - Ontario
Interior
Interior Features Ceiling Fan(s), Quartz Counters, Bedroom on Main Level
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplaces Type None
Fireplace No
Appliance Gas Oven
Laundry Common Area
Exterior
Parking Features Garage, On Site, On Street
Garage Spaces 5.0
Garage Description 5.0
Fence Block, Good Condition, Wrought Iron
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Utilities Available Natural Gas Available, Natural Gas Connected, Water Available, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Shingle
Accessibility Parking
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 1048341060000
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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