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1222 W J Street Ontario, CA 91762
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Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV25045184
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to exclusively present an excellent investment opportunity in Ontario, California. This 4-unit multifamily property offers a prime location across from Elderberry Elementary School and sits on a well-maintained 0.17-acre lot. Built in 1962, the property features all 2-bedroom, 2-bathroom units, each approximately 875 square feet. Tenants enjoy on-site laundry and garage parking, with one garage space allocated per unit. In addition, each unit offers a private balcony or patio. Significant upgrades have been made, including a new roof in 2023, a new water heater in 2024, and new showers in two of the units. The owner is responsible for water, trash, sewer, while tenants pay for their own gas & electricity. This investment presents an excellent value-add opportunity for investors looking to capitalize on rental growth in a strong, stable market. Laundry Lease in place and Buyer to assume at closing.
Location
State CA
County San Bernardino
Zoning Public Rec
Interior
Cooling Wall/Window
Exterior
View Y/N No
Building
Story 2
Read Less

Bought with XENIA CHAO Pinnacle Real Estate Group