Property Details
About this Property
Presenting a well-maintained two-story quadruplex with an impressive 5.45% cap rate, offering significant income upside and an opportunity to push the cap rate to over 6% within a year. This fully occupied property features four spacious units: one 3-bedroom, 2-bath and 2 car garage unit, and three 2-bedroom, 1.5-bath and 1 car garage units. Three of the units have been upgraded. Each unit is equipped with central air and heat, ensuring year-round comfort for tenants. All units are currently occupied, with one lease secured until July 2025 and the remaining units on a month-to-month basis to provide maximum flexibility for the new owner. Each unit has separate electric and gas meters, its own garage, and laundry hookups. The owner has provided a washer, dryer, and refrigerator in three of the units, which will convey to the buyer. Tenants can enjoy outdoor spaces with either a patio, balcony, or small yard. Ideally situated close to schools, major freeways, shopping centers, restaurants, and more, this property offers convenience and accessibility for all tenants. This is a rare opportunity for investors to acquire a stable, income-producing property with the potential for increased rents and other income through garage rents or RUBS implementation for water, sewer, and trash.
MLS Listing Information
MLS #
CRSB24142846
MLS Source
California Regional MLS
Interior Features
Cooling
Central Forced Air
Heating
Central Forced Air, Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 5 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1701 E Fairfield Ct is a Residential Income in Ontario, CA 91761. This – square foot property sits on a 14,177 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,420,000 and was built in 1980. This address can also be written as 1701 E Fairfield Ct, Ontario, CA 91761.
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This listing information is up-to-date as of December 06, 2024. For the most current information, please contact Natasha Gwilt, (310) 667-1664
