1354 Virginia Ave Ontario, CA 91764
Property Features for 1354 Virginia Ave
General Information
- Lot size
- 0.17 Acres
Building Details
- Year built
- 1963
Source: LPT Realty, Inc
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Ontario Fourplex Investment Opportunity
This is a fully tenant-occupied fourplex located in Ontario. The property consists of four units, each featuring two bedrooms and one bathroom, and each unit includes a one-car garage. Some units have been updated. A laundry room is available on-site, offering the potential to generate additional monthly income. Property improvements include a partial sewer line replacement in 2019 and a new roof installed in 2021. Balcony repair is currently in progress in accordance with SB721 and will be completed prior to the close of escrow. The property has a current cap rate of 4.43% and a pro-forma cap rate of 6.12%, indicating rental income upside. The property is conveniently located near freeway access, the airport, shopping centers, schools, and parks. Ontario is considered one of the fastest-growing cities in the Inland Empire.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Ontario
- County
- San Bernardino
- State
- California
- Longitude
- -117.6301847
- Latitude
- 34.082877
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FAQs
What type of property is this?
Quadplex - Tenant-occupied fourplex in Ontario with income upside.
Where is this quadplex located?
The property is located at 1354 Virginia Ave Ontario, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: - Tenant-occupied fourplex providing immediate rental income.; - Significant rental income upside with a 4.43% current cap rate and 6.12% pro-forma cap rate.; - New roof installed in 2021.