$4,600,000
$4,780,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
1.53 Acres Lot
SOLD DATE : 02/17/2015
Key Details
Sold Price $4,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV14180079
Sold Date 02/17/15
HOA Y/N No
Year Built 1982
Lot Size 1.530 Acres
Property Description
(Drive by only, Appointment only, Please do not disturb manager or tenants) This portfolio is comprised of three apartment communities totaling 38 units. 1125 W. Stoneridge Ct. is sixteen-units & possesses a unit mix of twelve 1 bedroom 1 bathroom units & four 2 bedroom 1 bathroom units. 1131 W. Stoneridge Ct. is twelve-units & possesses a unit mix of two studios, seven 1 bedroom 1 bathroom units & three 2 bedroom 1 bathroom units. 1265 W. Stoneridge Ct. is ten-units & possesses a unit mix of nine 1 bedroom 1 bathroom units & one 2 Bedroom 1 bathroom unit.
HIGHLIGHTS - 100 % Occupied Asset Located in a High Occupancy Area, Competitive Price per Unit, Well Maintained Turn Key Assets, Financeable Portfolio With Strong Operating History, High Density Infill Area, Minutes From LA/Ontario International Airport. The apartment portfolio is centrally located in Ontario, just minutes from downtown Ontario, Interstate 10, Ontario Mills shopping mall, & most notably the LA/Ontario International Airport which provides services to more than five million travelers per year. With such high volumes of traffic, Ontario has undergone a population growth of over 6% since 2000 with an even more impressive 70% boom in property values with no signs of slowing.
Location
State CA
County San Bernardino
Area 686 - Ontario
Interior
Heating Central, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 15.0
Carport Spaces 35
Garage Description 15.0
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban
Utilities Available Sewer Connected
Total Parking Spaces 65
Private Pool No
Building
Lot Description 31-35 Units/Acre
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 1010522080000
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with ALBERT LE • LE INVESTMENT GROUP