The subject property was built in 1885 with a unique Victorian style. This is the first time this building has been on the market in 17 years. This property features one studio, one, non-conforming one-bed one-bath unit, four, one-bed one bath units, one, two bed one bath unit, and one, three bed two bath unit. This property is situated on a large piece of land which measures about 29,194 sf. On-site laundry is offered at the apartment for additional income. The property features plenty of carport, garage and open parking spaces , as well as extra storage spaces. Current rents for the property are below market. This property is approximately eight minutes from Interstate-10. About three minutes away from Ontario Town Square and the city hall. The Ontario Airport is only a mile and a half away. With Ontario International Airport undergoing an expansion project, the surrounding area is projected to experience job growth and increased traffic in the near future. In addition, Ontario International Airport is expecting direct flights from China this summer. The city of Ontario has a population of 165,000 based on 2013 statistics, and a median household income of $54,156. This property is great for investors looking for a value-add investment with potential for upside in rent growth. In addition, the future growth for the city of Ontario is unlimited due to its large industrial growth and the potential to become a gateway between Asia and America.
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Data Provided by:
California Regional Multiple Listing Service