Properties
Ontario, CA 91764 1354 Virginia Avenue
$1,300,000
Pending
16 more
Presented By: Howard Cheng with LPT Realty, Inc;
Beds • 8
Baths • 1
SQFT • 3,344
Garage • 4
Home Details
Presenting to you your next investment opportunity in the city of Ontario. This is a fully tenant-occupied fourplex with all 2 bedroom, 1 bathroom units each with a one car garage. Some units have been updated and there is also a laundry room to generate additional monthly income. Improvements include partial sewer line replacement in 2019, a brand new roof installed in 2021, and balcony repair currently in progress in accordance to SB721 (will be completed prior to close of escrow). This property has rental income upside with a current 4.43% cap rate and a 6.12% pro-forma cap rate. Conveniently located near the freeway access, airport, shopping centers, schools, and parks. Ontario is considered one of the fastest growing cities in the Inland Empire so make this your moment to get in on an investment property here today.
Presented By: Howard Cheng with LPT Realty, Inc;
Interior Features for 1354 Virginia Avenue
Bedrooms
Total Bedrooms8
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths4
Other Interior Features
Air Conditioning Y/NYes
Common WallsNoCommonWalls
Heating Y/NYes
Laundry FeaturesCommonArea, LaundryRoom, Outside, SeeRemarks
Total Stories2
General for 1354 Virginia Avenue
AppliancesWasher
Architectural StyleTraditional
Attached Garage Yes
Buyer FinancingCash, Conventional, Fha, Private, Va
Cap Rate4.43
CityOntario
Construction MaterialsStucco
CoolingCentralAir
CountySan Bernardino
DirectionsLocated just along North Virginia Avenue at North Parkside Drive.
Entry LocationGround Level - no steps
Facing DirectionWest
Full Baths
Garage Spaces4
Garage Y/NYes
Gross Income83638
HOANo
HeatingCentral
High School DistrictOntario-Montclair
LevelsTwo
Listing TermsCash, Conventional, FHA, FannieMae, FreddieMac, VaLoan
Living Area3344
Lot Size Square Feet7200
Lot Size UnitsSquareFeet
MLS Area686 - Ontario
Net Operating Income57596
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces4
Pool FeaturesNone
PossessionCloseOfEscrow
PostalCityONTARIO
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
RoofComposition, Shingle
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories Count2
Tenant PaysCableTv, Electricity, Gas
ViewMountains
Year Built1963
ZoningMF
Exterior for 1354 Virginia Avenue
Building Area Total3344
Lot Dimensions72x100
Lot FeaturesFrontYard, Lawn, RectangularLot, Yard
Lot Size Acres0.1653
Lot Size Area7200
Number of Buildings1
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking4
Additional Details
Price History
Schools
Middle School
N/A
Elementary School
Big Hollow Elementary School
