$1,250,000
$1,400,000
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8,498 Sqft Lot
SOLD DATE : 05/29/2024
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV24042027
Sold Date 05/29/24
Condo Fees $614
HOA Fees $614/mo
HOA Y/N Yes
Year Built 1976
Lot Size 8,498 Sqft
Property Description
This excellent income property is part of the Creekside Association with multiple quadruplex units as part of the HOA. 7411 Napa Court is a Quadruplex that offers excellent investment opportunity for a profitable rental property. All units are currently rented and generates an approximately gross annual scheduled income of $72,780.00 a year. The building consists of (1)- Three bedroom & 2 bath unit; (2) - Two bedroom & 2 baths units, and (1) - 2 bedroom & 1 bath unit. Building offers 4 carports with additional storage areas and a coin operated Laundry area that generates additional income. One of the units is currently undergoing new interior painting. The HOA offers common areas that provide a common pool and a large additional parking area that are all are covered in the monthly HOA dues. In addition the HOA maintains all lawn maintenance and gardening. This Prime location in upscale Rancho Cucamonga offers easy access to the 210, 15 and 10 freeways with an abundance of shopping, schools and restaurants nearby. A buyer can live in one and rent out the other 3 or rental all 4 units for a profitable income. Property was fully re-piped 8 years ago.
Location
State CA
County San Bernardino
Area 688 - Rancho Cucamonga
Zoning R
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 4
Pool Community, Association
Community Features Curbs, Street Lights, Sidewalks, Pool
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Amenities Available Call for Rules, Maintenance Front Yard, Pool
Total Parking Spaces 4
Private Pool No
Building
Lot Description Close to Clubhouse, Cul-De-Sac
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
HOA Name Creekside Association
Senior Community No
Tax ID 0207491110000
Energy Description 1440.0
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Tom Tseng • Prime Choice Financial &Realty