• 622 N Vine 622-630 Avenue Ontario, CA 91762

  • $1,350,000
  • 0
    Bed(s)
  • 0
    Baths
  • 3,792
    Sq Ft
  • 5184
    Sqft
  • Listed By: Kai Kim, eXp Realty of California Inc, DRE #02040060
  • Source: CRMLS

NOI INCREASE OF 28% with room for VALUE ADD!! Exciting Investment Potential at 622-630 N Vine Ave. This exceptional property consisting of 5 units presents a lucrative opportunity for investors. Located just a few blocks from Euclid Avenue, it features a mix of three spacious 1-bed/1-bath units and two generous 2-bed/1-bath units. Each unit is accompanied by its own private garage, additional on-site parking spaces, and convenient access to a dedicated coin-operated laundry room. All units have been updated with durable tile flooring, windows, bathrooms, and with 4 out of 5 of them with newer kitchens. This multifamily property enjoys the benefit of reliable, timely-paying tenants, further enhancing its appeal. This property benefits from a prime location in Ontario, offering convenient proximity to a wide array of shops, dining establishments, and entertainment venues. As a result, it stands as a highly sought-after investment opportunity in the area.

Property Type :

Residential Income

County :

San Bernardino

Style :

Residential Income

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Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Roof : Shingle

Interior Features: Ceiling Fan(s),Quartz Counters,Bedroom on Main Level

Windows: Insulated Windows

Property Appliances: Gas Oven

Fireplace: None

Flooring: Tile

Cooling Features

Wall/Window Unit(s)

Air Conditioning

Heating Source

Wall Furnace

Has Heating

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 1953

Building Area Total: 3,792

Construction: Stucco,Wood Siding

Roof: Shingle

Accessibility Features

Parking

Pool Features

None

Laundry Features

Common Area

Fencing

Block,Good Condition,Wrought Iron

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.119

Lot Size Source: Assessor

Lot Size Square Feet: 5184

Listing Price Information

Original List Price: 1,350,000

Listing Contract Date: 2023-07-13

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 1048341060000

Garage and Parking

Garage Description: Garage,On Site,On Street

Homeowners Association

Rental Info

Lease Term: Negotiable

Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Under Contract

Source Neighborhood: 686 - Ontario

Postal Code Plus 4: 3136

Directions: Please check navigation

Source Property Type: Residential Income

Area: 686 - Ontario

Property SubType: Mixed Use

Building and Construction

Property Age: 71

Common Walls: 2+ Common Walls

Property Condition: Updated/Remodeled

Structure Type: Mixed Use

Year Built Source: Other

Entry Level: 1

Entry Location: Off Vine

Property Attached: Yes

Levels or Stories: One

Building Total Stories: 1

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
890 S Magnolia Avenue, Ontario, CA,91762 $4,200,000 -- -- -- 69000 Sqft
716 W Phillips Street #15, Ontario, CA,91762 $6,700,000 30 -- 17,071 46282 Sqft
300 W Saint Andrews Str.., Ontario, CA,91762 $899,000 4 3 3,405 7320 Sqft
514 W Ralston Street, Ontario, CA,91762 $749,900 4 4 1,920 7700 Sqft
Phillips, Ontario, CA,91762 $3,225,000 -- -- -- 179902.8 Sqft
2064 S Magnolia Avenue, Ontario, CA,91762 $2,679,000 -- -- -- 204732 Sqft
1055 W Francis Street #F, Ontario, CA,91762 $289,900 1 1 585 585 Sqft
961 W Holt Boulevard, Ontario, CA,91762 $850,000 -- -- 3,208 23000 Sqft
961 W Holt Boulevard, Ontario, CA,91762 $850,000 5 -- 3,208 23000 Sqft
1401 N Elderberry, Ontario, CA,91762 $445,000 2 1 1,012 232 Acres

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ByOwner last updated this listing 05/06/2024 @ 21:21

MLS: OC23124376
LISTED BY: Kai Kim, eXp Realty of California Inc
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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