12785 Monte Vista Avenue

Chino, CA 91710

  • 7 Bed(s)
  • 0 Bath(s)
  • 2,340 Sqft
  • 6500
    Sqft(Lot)
$1,195,000

Description

We are pleased to present 12785 monte vista avenue, a rare 4-unit multifamily property located in the desirable city of chino, california. the property features an ideal unit mix of three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, totaling 2,340 square feet of living space. all units are single-story and situated in a quiet residential neighborhood, offering a peaceful living environment for tenants. the property sits on a 6,500-square-foot corner lot, consisting of two duplexes, each with garage parking and additional open parking spaces. all units are separately metered for gas and electricity, helping reduce operating expenses for the owner. currently operating at a 5.04% cap rate, the property has 27.4% upside in rents, with market rents supporting a 7.01% pro forma cap rate. this investment is positioned in a highly supply-constrained market, with only two comparable 2-4 unit properties sold this year and fewer than 50 fourplexes in the entire city. opportunities to acquire multifamily assets in chino are limited, which ensures strong long-term value retention for investors. the property offers excellent access to major transportation routes, including the 60 and 71 freeways, providing direct connections to ontario international airport, chino hills shopping center, and key employment centers across the inland empire. residents also benefit from nearby local shops, restaurants, and entertainment options, making this an attractive location for long-term tenants seeking both convenience and comfort.

  • Property Type

    Residential Income

  • County

    San Bernardino

  • Style

    Residential Income

  • AD ID

    47625189

Sell a home like this and save $71,201 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Bedroom Information

    • Total Bedrooms : 7

    Bathroom Information

    • Total Baths: 4
    • Full Baths: 0
    • Half Baths: 0

  • Building Information

    • Year Built: 1938
    • Building Area Total: 2,340

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1492
    • Lot Size Dimensions: 50x130
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6500

  • Listing Price Information

    • Original List Price: 1,195,000
    • Listing Contract Date: 2024-11-12

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 1015641020000

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 681 - Chino
    • Postal Code Plus 4: 3394
    • Directions: To reach 12785 Monte Vista Ave in Chino, take I-10 E from Los Angeles, exit at Central Ave, and head south. Turn left onto Walnut Ave, then right onto Monte Vista Ave. Continue for about 0.5 miles; the destination will be on your right.
    • Source Property Type: Residential Income
    • Area: 681 - Chino

    Building and Construction

    • Property Age: 86
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 2340
    • Levels or Stories: One
    • Building Total Stories: 1
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Message allows only 500 character
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 11/14/2024 @ 19:36

  • MLS: 24462645
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 7 bedrooms which is for sale, it has 2,340 sqft, 6,500 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Chino , in zip code 91710, this San Bernardino County Home are nearby neighborhoods.