10262 Rose Avenue

    Montclair, CA 91763
    • $820,000
    • STATUS: Closed
    • ON SITE: 141 days
    • ID#: PW18024993
    Sold - 05/31/2018
    $820,000
    SOLD - 05/31/2018
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,654
      SQFT
    • $224
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Awesome four units, two duplexes, two separate one story buildings on two lots, total 15,960sf, to be sold together. Four separate street numbers 10262, 10264, 10272 and 10274 Rose Ave, Montclair, CA 91763. Each of the four units is a 2BR/1BA, 900sf+ each, unlike typical apartment units, all four units have its own fireplace & each unit also has its own large fenced yard!! More like a home than a multi-family building!Tenants and occupants will feel like living in a home rather than in an apartment, children will have extra safe places to play and dogs can be allowed and be contained in the fenced yards. Four one-car garages and plenty of onsite parking plus street parking. Rent accordingly would be higher than comparable apartments without such amenities and niceties.Quite neighborhood, close to freeway and major shopping areas. The Montclair Plaza, Costco, Montclair Town Center, Target, Wal-Mart Supercenter, Home Depot, the Saratoga Park and the Kingsley Park and the Edwards Cinema 14 complex are all within about a one mile radius.First-time home buyer/investor can live in one home-feeling unit completed with fireplace, large fenced yard and garage and rent the other three units for additional income, and at the same time capitalizing on a 30-year fixed mortgage with close to 117-year historic low interest rates. All four units are below fair market rent, an immediate upside potentials! High 13.9 GRM! and an excellent 6.19% Cap!! Seller is doing a 1031 exchange.

    Sold by Tony Lam of Coldwell Banker Alliance.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T00:31:37.313. 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, 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.
    www.inlandempiresold.com/homes/80452919

    10262 Rose Avenue Montclair, CA 91763

    • Price: $750,000
    • Status: Closed
    • Updated: 225 min ago
    • ID#: PW18024993
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    3,654
    SQFT
    $224
    $/SQFT
    1963
    Built
    Neighborhood:
    699 - Not Defined
    County:
    San Bernardino
    Area:
    699 - Not Defined
    Property Description
    Awesome four units, two duplexes, two separate one story buildings on two lots, total 15,960sf, to be sold together. Four separate street numbers 10262, 10264, 10272 and 10274 Rose Ave, Montclair, CA 91763. Each of the four units is a 2BR/1BA, 900sf+ each, unlike typical apartment units, all four units have its own fireplace & each unit also has its own large fenced yard!! More like a home than a multi-family building!Tenants and occupants will feel like living in a home rather than in an apartment, children will have extra safe places to play and dogs can be allowed and be contained in the fenced yards. Four one-car garages and plenty of onsite parking plus street parking. Rent accordingly would be higher than comparable apartments without such amenities and niceties.Quite neighborhood, close to freeway and major shopping areas. The Montclair Plaza, Costco, Montclair Town Center, Target, Wal-Mart Supercenter, Home Depot, the Saratoga Park and the Kingsley Park and the Edwards Cinema 14 complex are all within about a one mile radius.First-time home buyer/investor can live in one home-feeling unit completed with fireplace, large fenced yard and garage and rent the other three units for additional income, and at the same time capitalizing on a 30-year fixed mortgage with close to 117-year historic low interest rates. All four units are below fair market rent, an immediate upside potentials! High 13.9 GRM! and an excellent 6.19% Cap!! Seller is doing a 1031 exchange.
    Exterior Features

    Garage Spaces 4.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 12.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Fireplace Features Living Room Fireplace YN Yes Laundry Features Outside Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.19 Community Features Curbs Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 960.00 Gross Income 54000.00 Gross Multiplier 13.90 Gross Operating Income 54000.00 Gross Scheduled Income 54000.00 Insurance Expense 640.00 Land Lease YN No Laundry YN Yes Net Operating Income 46412.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 7588.00 Property Sub Type Duplex Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Actual Rent 4500.00 Total Expenses 7588.00 Trash Expense 2508.00 Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Water Sewer Expense 3480.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Tony Lam of Coldwell Banker Alliance.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T00:31:37.313. 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, 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.
     
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