904 Palmetto Ave, Ontario, CA 91762
5 Unit Apartment Building | $3,800,000 ($760,000/Unit) | 3.90% Cap Rate | Ontario, CA 91762
For Sale
Active
Asking Price $3,800,000
- Property Type
-
Multifamily
- Square Feet
- 8,565 SF
Listing Contacts
Albert Le
Anthony Le
Property Overview
Le Investment Group is pleased to welcome the Palmetto 5 Condominiums, a meticulously crafted property nestled in the heart of Ontario, a vibrant city in the southwest corner of San Bernardino County, part of the dynamic Inland Empire. Boasting a fully condo mapped structure with five separate APNs, this property offers a unique opportunity for individual ownership or investment.
The front unit is the original single-family home, constructed in 1920 and completely remodeled from floor to ceiling in 2023. The home feature three bedrooms, two full bathrooms, an attached two-car garage, and approximately 1,272 square feet of living space, this home
has all the modern comfort while retaining its historic charm. Ideal for an owner-occupier seeking a blend of character and contemporary living. This unit would make an ideal owner-residence or excellent onsite managers unit.
Located at the rear of the property are four newly constructed condominium units, completed in 2021, these residences feature four bedrooms, three bathrooms, and an array of high-quality finishes throughout. Spread across three levels, each unit boasts a spacious floor plan ranging from 1,675 to 1,961 square feet, offering ample room and layouts for various tenant types.
The front unit is the original single-family home, constructed in 1920 and completely remodeled from floor to ceiling in 2023. The home feature three bedrooms, two full bathrooms, an attached two-car garage, and approximately 1,272 square feet of living space, this home
has all the modern comfort while retaining its historic charm. Ideal for an owner-occupier seeking a blend of character and contemporary living. This unit would make an ideal owner-residence or excellent onsite managers unit.
Located at the rear of the property are four newly constructed condominium units, completed in 2021, these residences feature four bedrooms, three bathrooms, and an array of high-quality finishes throughout. Spread across three levels, each unit boasts a spacious floor plan ranging from 1,675 to 1,961 square feet, offering ample room and layouts for various tenant types.
Property Details
- Class
- C
- Year Built
- 2023
- Stories
- 3
- Lot Size (sq. ft)
- 20,038 SF
- Units
- 5
Highlights
- Condominium units were completed in 2023, stand empty, never occupied. The units are available for immediate occupancy!
- ProForma CAP Rate of 3.90% / 2023 Construction / Private Rear Yards / Balconies / All units have attached 2-car garages.
- Condo-mapped property with individual APNs / Individually Metered for all utilities.
- Highly Upgraded Property With Modern Amenities & Luxury Finishes. / Dual pane Windows
- High demand rental area with rental projection between $3,200/unit - $3,600/unit.
- Contact Le Investment Group For The Complete Offering (909)256-7889
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