Ontario, CA 91762 622 N Vine 622-630 Avenue
$1,350,000
17 more
Presented By: Kai Kim with eXp Realty of California Inc; 626-202-3381
Home Details
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.
Presented By: Kai Kim with eXp Realty of California Inc; 626-202-3381
Interior Features for 622 N Vine 622-630 Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringTile
Heating Y/NYes
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories1
Window FeaturesInsulatedWindows
Other Rooms
Entry Level1
General for 622 N Vine 622-630 Avenue
AccessibilityParking
Additional Parcels Y/NNo
AppliancesGasOven
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.21
Carport Y/NNo
CityOntario
Community FeaturesCurbs, Gutters, StreetLights, Sidewalks
Construction MaterialsStucco, WoodSiding
ContingencyPurchase to be made as is
CoolingWallWindowUnits
CountySan Bernardino
Current FinancingConventional
Days on Market292
DirectionsPlease check navigation
ElectricElectricityOnProperty
Entry LocationOff Vine
Garage Spaces5.0
Garage Y/NYes
Gross Income97800.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense4190.0
Interior FeaturesCeilingFans, QuartzCounters, BedroomonMainLevel
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional, Item1031Exchange
Lot Size Square Feet5184.0
MLS Area686 - Ontario
MobileHomeRemainsYNNo
Net Operating Income70355.0
New ConstructionNo
Number of Units Leased5
Open Parking Spaces3.0
Operating Expense27445.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Street NameVine 622-630
Tax Lot4
Tenant PaysElectricity, Gas
Total Actual Rent6830.0
Total Units5
Trash Expense5619.0
UtilitiesNaturalGasAvailable, NaturalGasConnected, WaterAvailable, WaterConnected
ViewNeighborhood
View Y/NYes
Water Sewer Expense5619.0
Waterfront Y/NNo
Year Built1953
Year Built SourceOther
Exterior for 622 N Vine 622-630 Avenue
Building Area Total3792.0
Crops Included Y/NNo
FencingBlock, GoodCondition, WroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre
Lot Size Acres0.119
Lot Size Area5184.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesGarage, OnSite, OnStreet
Road Surface TypePaved
SpaNo
Total Parking8.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480