$760,000
$760,000
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0.26 Acres Lot
SOLD DATE : 10/23/2014
Key Details
Sold Price $760,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV14169473
Sold Date 10/23/14
HOA Y/N No
Year Built 1986
Lot Size 0.260 Acres
Property Description
This 4-unit offering is located at 3241 Triumph Lane in Ontario, CA. Built in 1986, the property is situated on a 0.26 acre lot and has approximately 4,005 rentable square feet. The subject property consists of a two-story building with a pitched tile roof. The property is located in North Ontario above the I-10 freeway and Haven Avenue. Very strong rental location and a rare opportunity to purchase in this specific area.
The Triumph Apartments are comprised of 2 Three-Bedroom / One and Half Bathrooms Townhomes and 2 Two-Bedroom / One Bathroom Townhomes. Each unit has the following amenities: Attached 2-Car Garage with Washer / Dryer Hook-Ups, Central Air Conditioning and Heating, Patio or Balcony, Individual Hot Water Heater, Dishwasher, Gas Oven & Stove. In addition, each unit is individually metered for gas and electric. The landlord is responsible for water, sewer, trash and common area utilizes. In July 2014, the property received new exterior paint and partial areas of wood-fascia replacement. 15% below market rents and over $200 per unit upside in rents. Seller has owned for 28 years and keeps rents well below market.
Location
State CA
County San Bernardino
Area 686 - Ontario
Interior
Interior Features Balcony
Cooling Central Air
Fireplace No
Laundry Washer Hookup
Exterior
Garage Assigned
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Curbs
Utilities Available Sewer Connected
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 0210411150000
Acceptable Financing Submit
Listing Terms Submit
Financing Other
Special Listing Condition Standard
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Bought with Aaron Mills • Prudential California Realty