1101 E 5th Street, Ontario CA, 91764

Sold

1101 E 5th Street

Ontario CA, 91764

$1,400,000

$331.67 per sqft

Sold

4,221 sqft

Residential

Built in 1985

Listed by Brett Bayless with Brett Bayless, Broker 949-887-2465

We are pleased to present the opportunity to acquire 1101 East 5th Street, a five-unit multifamily community located in Ontario, California. Built in 1985 and situated on 0.35 acres, the property is comprised of a single two-story building housing all two-bedroom / one-bathroom units measuring 850 square feet. The interiors have all been completely remodeled with new finishes as well as capital improvements including new tankless water heaters, central air conditioning and heating, plumbing, and electrical with additional planned upgrades. 1105 East 5th Street is conveniently located off the 10 Freeway, which connects residents to the employment, entertainment, shopping, and dining located in Ontario and throughout the Inland Empire region. The property is within five miles of major demand drivers and employment hubs including the Ontario Airport and its surrounding business parks and industrial centers, the Ontario Convention Center, and Ontario Mills. 5.52% CAP RATE WITH RENT INCREASE ON JAN 1 2023

OC22168878

MLSⓇ ID

August 1, 2022

Listed

March 23, 2024

Updated

Map

1101 E 5th Street
Ontario CA, 91764

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.35 Acres
Lot Features: Yard
Sewer: Public Sewer

Other Property Details

Area Name: 686 - Ontario
Days on Market: 149
Garage: Yes
Garage Spaces: 5
Parking Total: 5
View: No
County: San Bernardino
Water Source: Public
Pool: No
Pool Features: None
Buyer Agency Compensation: 2%

Listing Contact: 949-887-2465

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:27 AM UTC