10295 19Th St Rancho Cucamonga, CA 91737

Property Details for 10295 19Th St

Property size

44,550 SF

Property type

Commercial real estate

Description

This exceptional Class A apartment building presents a compelling investment opportunity in the thriving Rancho Cucamonga, CA market. Boasting a substantial 44,550 square foot lot, this property offers significant development potential. Currently configured as an eight-unit apartment complex, each unit commands a price of $212,250, contributing to a total asking price of $1,698,000. The property features a 4.39% cap rate and a price per square foot of $38.11. Recently renovated in 2024, the building is situated at 10295 19th St, Rancho Cucamonga, CA 91737, within close proximity to major freeways (I-10, I-15, and I-210), providing convenient access to various amenities and employment centers. Residents enjoy easy access to Hermosa Park, Terra Vista Village, Victoria Groves Park, and Central Park, as well as numerous schools including Deer Canyon Elementary, Victoria Groves Elementary, Vineyard Junior High, Los Osos High, Chaffey College, and West Coast University. The property's strategic location also places it near prominent shopping destinations such as Haven Village Shopping Center (Trader Joe's, Vons, etc.), Victoria Gardens Shops (Apple Store, Macy's, etc.), and Ontario Mills Shopping Center (Adidas, Nike, etc.). The large lot size presents the unique opportunity for subdivision into eight individual parcels, allowing for the construction of eight single-family homes, potentially with Accessory Dwelling Units (ADUs). The strong rental demand in Rancho Cucamonga, consistently ranked among the best places to raise a family, further enhances the investment appeal of this property. The city's favorable weather, averaging over 280 sunny days annually, adds to its overall desirability.