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1027 W E Street

Ontario, CA 91762

– beds
– baths
– sqft
~1/2 acre lot
1961 build
– on site

We are proud to present the Mountain View Apartments, a 12- Unit multifamily property, located at 1027 W E Street in the City of Ontario. The Mountain View Apartments is an excellent investment opportunity situated on the corner of N Palmetto Avenue and West E Street. Mountain View Apartments is located in Ontario, a high-demand market with a rapidly growing population. Tenant’s benefits from unparalleled convenience and accessibility to major retailers like Walmart, Costco, Raising Canes, Target, and a variety of restaurants, malls, parks, banks, and fitness centers nearby as well as essential services like Kaiser Permanente Medical Center. Within a 10-mile radius, are popular attractions like Victoria Gardens, Top Golf, Toyota Arena, and Claremont Village. The property is also located within a 25-mile radius of several notable SoCal attractions in San Gabriel Valley, Anaheim, and Riverside. Mountain View Apartments, a 12-unit complex, offers all 2B/1B units for a total of ±11,044 square feet of living space on a ±17,001 square foot lot. Convenient parking is provided for all residents with 12 carports. Recent upgrades include a new roof, exterior renovations, and termite treatment. Over half of the units feature modern interiors with granite countertops, wood flooring in the living rooms, and tile flooring in the bathrooms and kitchens. The average unit size is 920 square feet. Mountain View Apartments offers a stable and profitable investment opportunity with 58% rental growth potential to achieve market rents. Whether you’re a first-time investor, seasoned professional, or seeking a 1031 exchange, Mountain View Apartments presents a lucrative investment choice and valuable long-term asset.

Listed By CRMLS_CA / ERIC CHEN / CB RICHARD ELLIS / 626-757-5717

Last checked: Checking… • Last updated Nov 4, 2024 •

MLS# CV24214918 —

The Building

Year Built:

1961
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

11044.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

12
Stories Total:

2
# of Separate Gas Meters:

12
# of Separate Water Meters:

1
# of Separate Electric Meters:

12

Interior

Levels:

Two
Entry Location:

1
Laundry:

Common Area
Laundry:

1

Location

Directions:

Merge onto I-10 W, Take exit 50 for Mountain Ave toward Mt Baldy, Turn left onto S Mountain Ave, Turn left onto W D St, Turn left onto N Palmetto Ave, Turn right onto W E St
Latitude:

34.06760900
Longitude:

-117.66849900

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

11-15 Units/Acre
Lot Size Area:

17001.0000
Lot Size Acres:

0.3903
Lot Size SqFt:

17001.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

11.01
Tax Tract:

4124
Tax Lot:

37

The Listing

Special Listing Conditions:

Standard
Parcel Number:

1010463040000

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Curbs, Sidewalks
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No

Parking

Parking Spaces:

12.00
Carport Spaces:

12.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/4/24 Nov 4, 2024	Listed / Active	CRMLS_CA	$2,800,000
10/28/24 Oct 28, 2024	Sold Subject To Contingencies	CRMLS_CA	$2,800,000
10/16/24 Oct 16, 2024	Listed / Active	CRMLS_CA	$2,800,000	77.2% (7.8% / YR)

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Similar sold homes

This multifamily located in Ontario, CA 91762 is currently for sale for $2,800,000. 1027 W E Street is a – square foot multifamily with – beds and – baths that has been on Estately for 29 days. This multifamily is in the attendance area of Elderberry Elementary School, Montclair High School, and Vernon Middle School.

Listing Courtesy of: CRMLS_CA and CB RICHARD ELLIS. Based on information from California Regional Multiple Listing Service, Inc. as of 21:54 on Nov 14.

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.