622 N Vine 622-630 Avenue Ontario, CA ^$ 1,350,000

622 N Vine 622-630 Avenue

^$ 1,350,000

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622 N Vine 622-630 Avenue

Ontario, CA, 91762

^$ 1,350,000

Bedrooms7 Baths5.0 Sq 3,792

Monthly Estimate*

^$ 8,973

Listed by eXp Realty of California Inc

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Multi-Family Home for sale in Ontario, CA

for $1,350,000 with 7 bedrooms and 5 full baths. This 3,792 square foot home was built in 1953 on a lot size of 0.119.

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.

Multi-Family Active

Price

^$ 1,350,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.119

Year Built

1953

Town/City

Ontario

County/Region

San Bernardino

MLS | Web ID

OC23124376

Days on Market

315

Features

General

Interior Features CeilingFans QuartzCounters BedroomonMainLevel

Sewer PublicSewer

Heating WallFurnace

Cooling WallWindowUnits

Utilities NaturalGasAvailable NaturalGasConnected WaterAvailable WaterConnected

Possession CloseOfEscrow

Roof Shingle

Appliances GasOven

Garage Spaces 5.0

Pool Features None

Construction Materials Stucco WoodSiding

Year Built 1953

Electric ElectricityOnProperty

Tenant Pays Electricity Gas

View Neighborhood

Stories 1

Levels One

Property SubType MixedUse

Gross Income 97800.0

Community Features Curbs Gutters StreetLights Sidewalks

Accessibility Parking

County San Bernardino

Net Operating Income 70355.0

Operating Expense 27445.0

Insurance Expense 4190.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency Purchase to be made as is

Garage Y/N Y

Special Listing Conditions Standard

Status ActiveUnderContract

Directions Please check navigation

City Ontario

Entry Location Off Vine

View Y/N Y

Senior Community Y/N N

Open Parking Spaces 3.0

Total Units 5

MLS Area 686 - Ontario

Lot Size Square Feet 5184.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 5

Street Name Vine 622-630

Listing Terms Cash Conventional Item1031Exchange

Spa Features None

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Current Financing Conventional

Property Condition UpdatedRemodeled

Trash Expense 5619.0

Water Sewer Expense 5619.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 292

Building Area Units SquareFeet

Standard Status ActiveUnderContract

Year Built Source Other

Tax Lot 4

Total Actual Rent 6830.0

Property Sub Type Additional MixedUse

Cap Rate 5.21

Interior

Flooring Tile

Fireplace Features None

Total Stories 1

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Window Features InsulatedWindows

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Exterior

Fencing Block GoodCondition WroughtIron

Parking Features Garage OnSite OnStreet

Lot Features Item25UnitsAcre

Water Source Public

Total Parking 8.0

Lot Size Area 5184.0

Number of Buildings 2

Spa N

Building Area Total 3792.0

Lot Size Acres 0.119

Road Surface Type Paved

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 5

Number of Separate Electric Meters 5

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 622

* Excluded Features

List By

Exp Realty Of California Inc

Broker

(626) 202-3381

Phone

Affordability Calculator

$8,973

Per Month

Monthly Principal & Interest: $8,973
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Ontario, CA

Average List Price ^$2,085,538

Percent of Sale Price 54%

About Ontario, CA

176,325 Population

12% Since 2002

^$56,171 Median Income

33.09 Median Age

41% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/5/2023	$1,350,000	-10.00%	Price Down
7/14/2023	$1,500,000		Listed Price

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622 N Vine 622-630 Avenue, Ontario, CA, 91762 is a Multi-Family Home for sale at $1,350,000 with 3,792 sqft and a lot size of 0.119. 622 N Vine 622-630 Avenue has 7 bedrooms, 5.0 baths, and was built in 1953. The property's zip code is 91762 which is in Ontario, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/23/2024. 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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622 N Vine 622-630 Avenue

Multi-Family Home for sale in Ontario, CA

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