863 N Vineyard Avenue, Ontario, CA 91764

• Sold Price : $1,150,000
• Beds : N/A
  
• Baths :
  
• Property Size : 3,834 sqft
  
• Year Built : 1963
  

Property Description

A multifamily opportunity located at863 N. Vineyard Avenue in the city of Ontario. The property can be purchased individually or as part of an 8-unit portfolio combined with the adjacent 4-unit property located at 905 N. Vineyard Avenue. Located near the Ontario Airport, 863N. Vineyard Avenue issituated on N. Vineyard Avenue between Inland Empire Boulevard and East Jay Streetconveniently located just minutes from the I-10 freeway. The property is also in close proximity to Walmart Supercenter, Ontario International Airport, Ontario City Hall, the Ontario Convention Center, and more. The city of Ontario is ideally located within Southern California and offers easy access to the I-10, I-15 and 60 freeways connecting to all of San Bernardino, Riverside, Orange, and Los Angeles Counties. The Property's location offers convenient access to the neighboring cities within both San Bernardino and LA County namely, Rancho Cucamonga, Montclair, Fontana, Chino and Pomona. Significant local amenities within a 20-mile radius include: Ontario Museum of History and Art, The Ontario Airport, Victoria Gardens, the Montclair Mall, and Ontario Mills. Ontario is within a 39 minutes drive to Downtown Los Angeles. 863 N. Vineyard Avenue is1-building, 2-story, 4-unit property built in 1963. Combined, the Properties are situated on adjacent parcels of land for a total of 12,444 in lot size and a total building size of 7,668 square feet at 3,834 each. The Properties offers an excellent unit mix of two- and three-bedroom floorplans, averaging 959 square feet per unit. Property amenities include controlled entry, two on-site laundry facilities, garage parking and lush mature landscaping. Each individual unit includes a spacious floorplan, wall air-conditioning and heating, and a private patio or balcony. 863 N. Vineyard Avenue has historically high occupancy. The property is a prime Ontario income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.

Interior Features

Listing Information

Listing information courtesy of: Eric Chen, Cb Richard Ellis. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 24th, 2021 at 7:53 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.