Price Reduction
Address
827 N Palmetto Avenue Ontario, CA
Price
$ 3,500,000
Property Attributes
  • MLS#21777908
  • TypeIncome
  • CountySAN BERNARDINO
  • CityOntario
  • AreaOntario
  • Zip91762
  • Style
  • Price$ 3,500,000
  • Bedrooms17
  • Full Bathrooms14
  • Half Bathrooms0
  • Sqr Footage10210
  • Lot Size12,640 SqFt
Listing Provided Courtesy Of:
Nicholas Petrosian with Remax Commercial and Investment Realty - 562-991-3886
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

A 14 unit apartment complex for sale in the highly desirable rental market of the city of Ontario. The subject property is comprised of an outstanding unit mix consisting of (6) 2-Bed / 1.75 Baths, (1) 2-Bed / 1-Bath, (3) 1-Bed / 1-bath, and (4) Studio / 1-Bath's. Tenants enjoy a beautiful swimming pool, common area laundry facility & garage carport and open space parking. Each unit is separately metered for gas and electricity - owner pays the water and trash. The city of Ontario is located just 35 miles east of downtown Los Angeles and home to the Ontario International Airport. Given the high demand for housing and the city's strategic location within close proximity to major employment hubs, the city of Ontario is positioned to remain a strong multi-family rental market for years to come.

Price History
8/28/2021 Listed $3,850,000
11/10/2021 10% - $3,500,000

General Features

Co-Listing Agent State License # 01233927
Co-listing Agent Juan Cardenas - BRE#01233927
Cooling None
Garage Spaces 10
Garage Y/N Yes
Heating None
Listing Agent Nicholas Petrosian - BRE#01462598
Listing Agent State License 01462598
Lot Size Square Feet 12640
MLS Area 686 - Ontario
Pool Features In Ground
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 14
Zoning R-3

Interior Features

Laundry Features Laundry Room

Exterior Features

Lot Size Acres 0.29
Lot Size Area 12640
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 2
Parking Features None
Total Parking 12

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 91762

Price
AVG $1.65M
$3.5M
Visits
AVG 42
63
Year Built
AVG 1961
1966
Walkscore
AVG 70
73
Data Provided by Walkscore ® not using MLS data

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