Ontario, CA 91764,416 N Cherry AVE
Ontario, CA 91764,416 N Cherry AVE
Ontario, CA 91764,416 N Cherry AVE
Ontario, CA 91764,416 N Cherry AVE
Ontario, CA 91764,416 N Cherry AVE
Ontario, CA 91764,416 N Cherry AVE
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$970,000

$995,000

2.5%
Est.Price: ?

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Est. payment /mo

10,619 Sqft Lot


SOLD DATE : 08/16/2024

Key Details

Sold Price $970,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID FR24142085

Sold Date 08/16/24

HOA Y/N No

Year Built 1906

Lot Size 10,619 Sqft

Property Description

This multi-unit residential property located at 416 N. Cherry, 412 N. Cherry, and 405 E. D Street is an excellent investment opportunity for those seeking either straight rental income, or the option to reside in one unit and rent the others for additional income. The three separate units sit on a 10,620 square foot corner lot, close to all amenities, schools, parks, shopping and public transportation. The unit at 416 N. Cherry is 705 sq. ft. with 2 bedrooms and 1 full bath. This unit includes a garage, carport and driveway for additional parking. The unit at 412 N. Cherry is 1,224 sq. ft. with 2 bedrooms and 1 full bath, and includes a gazebo and storage basement. It also has a garage, carport and driveway for additional parking. The unit at 405 E. D Street is 1,000 sq. ft., and consists of 2 bedrooms and 1 full bath. This corner unit includes a garage and driveway and parking for a small RV or boat. All units have separate private fenced yards that enhance the appeal for families or tenants seeking outdoor living spaces. This property holds significant potential for both immediate rental income and long-term value appreciation. The close proximity of the individual units help simplify overall management and enhance operational efficiency.

Location

State CA

County San Bernardino

Area 686 - Ontario

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Laundry In Garage

Exterior

Parking Features Boat, Carport, Door-Single, Driveway, Garage, Workshop in Garage

Garage Spaces 3.0

Carport Spaces 2

Garage Description 3.0

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Connected

Roof Type Composition

Total Parking Spaces 7

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Front Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 1048374160000

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Paul Franco • Brickside Real Estate • 9499194626
Bought with General NONMEMBER • NONMEMBER MRML
agent-avatar

+1(619) 519-2303

steve@stevelucal.com

PO Box 181892, Coronado, California, 92178, United States

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