Apartments For Sale • 8,718 SF
| Well-maintained 12-unit pride of ownership asset in Ontario, CA with a 5.36% current CAP rate and 6.05% pro forma CAP rate. |
| Priced at $270,833 per unit and $373 PSF with a current GRM of 11.64 and a pro forma GRM of 10.70. |
| An attractive opportunity to capture 9% rental upside by raising rents to market rates. |
| Ontario is the premier rental submarket of the Inland Empire — centrally located, low vacancy, and driven by strong, sustained renter demand. |
| Eight 1-Bedroom/1-Bathroom units and four 2-Bedroom/1.5-Bathroom townhouse-style apartments. |
| Units feature vinyl plank flooring, granite countertops, stainless steel appliances, renovated bathrooms, private patios, and wall AC/heating. |
| Cap Rate: | 5.36 % |
| Total Expenses: | $96,419 USD |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Stoneridge - 1425 W Stoneridge Ct |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 5 min | - | 2.2 mi | |
| Montclair (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) | 7 min | - | 3.3 mi |
| Airport | Drive | Walk | Distance |
| Ontario International | 13 min | - | 5.7 mi |
| John Wayne/Orange County | 47 min | - | 37.9 mi |
| Long Beach (Daugherty Field) | 59 min | - | 47.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 5 |
| Type: | Surface |
| Included in Rent: | Yes |