716 W Phillips Street
Ontario, CA 91762
- – beds
- – baths
- – sqft
- ~1 acre lot
- 1984 build
- – on site
We are proud to present the opportunity to purchase 716 W Phillips St, a 15-townhome condominium community located in the City of Ontario. The property exceeds standard size with over 17,000 SF and spans across nearly 48,000 SF of land. 716 W Phillips St has an exceptional location. Tenants enjoy convenient access to several big-name retailers like In-N-Out, Target, Home Depot, Sams Club, Kaiser Permanente Medical Center, Harbor Freight, 24-Hour Fitness, and much more. Some local attractions within a 10-mile radius include Victoria Gardens, Top Golf, Toyota Arena, Claremont Village, and more. The property is also located within a 25-mile radius of several notable So Cal attractions in San Gabriel Valley, Anaheim and Riverside. Tenants also enjoy a short 1.4-mile drive to either the10 or 60 Freeway, granting access to Los Angels, Orange, and Riverside Counties. 716 W Phillips St offers a stellar unit mix of 100% 2-Bedroom/2.5-Bathroom townhomes. Each unit boasts a huge town-house style floorplan with nearly 1,200 SF each and is individually parceled. A new owner will benefit from this by having the option to keep as a bulk rental forever, sell off individually at once, or piece by piece throughout ownership. Each unit comes with built-in laundry appliances, patios & balconies, and access to individual 2-car garages. The nearly 48,000 SF lot gives ample space to tenants with large yards, community/open-garden space, and uncovered on-site parking. A savvy investor may be able to create future development opportunities since the buildings only occupy only 35% of the total lot (buyer to investigate). Currently the property has the ability to generate approximately $31,926 in monthly rental income. Similar leased townhomes in the area achieved an effective rent of $2,600, allowing a new investor to capitalize on nearly 20% upside in rental income. Additional income at the property streams from a recently implemented utility reimbursement program – tenants currently split the cost of major expenses like water and trash evenly.
Last checked:
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Last updated Oct 18, 2024
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MLS# CV24215151 —
The Building
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Year Built:1984
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:17070.00
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Building Area Units:Square Feet
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# of Buildings:5
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Total Number Of Units:15
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Stories Total:2
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:1
Interior
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Levels:Two
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Entry Location:1
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Laundry:Dryer Included, Inside, Washer Included
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Laundry:1
Location
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Directions:Merge onto I-10W, Take exit 55B toward Archibald Ave/Ontario Int'l Airport, Turn right onto E Airport Dr, Turn right onto Mission Blvd, Turn left onto Euclid Ave, Turn right onto Phillips St
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Latitude:34.04989000
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Longitude:-117.66139900
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:11-15 Units/Acre
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Lot Size Area:47916.0000
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Lot Size Acres:1.1000
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Lot Size SqFt:47916.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Additional Parcels Description:-56,-57,-58,-59,-60,-61,-62,-63,-64,-65,-66,-67,-68,-69
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:1
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Tax Census Tract:17.06
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Tax Tract:10678
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Tax Lot:1
The Listing
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Special Listing Conditions:Standard
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Parcel Number:1049583550000
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Curbs, Sidewalks
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Pool:None
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Private Pool:No
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Spa Features:None
Parking
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Parking Spaces:15.00
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Garage Spaces:15.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/16/24
Oct 16, 2024
|
Listed / Active | CRMLS_CA | $6,300,000 | |
|
5/31/23
May 31, 2023
|
Listed / Active | CRMLS_CA |
