1425 West Stoneridge Ct Ontario, CA 91762

Located at 1425 W Stoneridge Court in Ontario, California, this 12-unit apartment community presents a valuable investment opportunity. The property is situated on a ±13,500-square-foot lot, offering ±8,718 square feet of rentable space. The unit mix includes eight 1-bedroom/1-bathroom units and four 2-bedroom/1.5-bathroom townhouse-style apartments, averaging 727 square feet per unit. Unit amenities include vinyl plank flooring, vertical blinds, granite countertops, stainless steel appliances, private patios, renovated bathrooms, and wall air conditioning and heating. The property also features private off-street assigned parking, an on-site laundry facility, and security video monitoring, and is part of a well-kept HOA community. The property is conveniently located near major freeways, the Ontario International Airport (ONT), and the Ontario-East Metrolink Station. This location provides tenants with easy access to major retailers, shopping centers, and restaurants. The property is located in the Inland Empire, benefiting from a robust and growing workforce, creating a strong and stable demand for rental housing. The property is a clean investment, allowing a new owner to immediately capitalize on a high-demand location without the need for extensive capital improvements or renovations. The property is ideal for a first-time buyer to seasoned professional, or those seeking to complete a 1031 Exchange. Assumable financing is available with the ability to assume a $1,825,000 loan at 3.43% for approximately two more years.