$1,195,000
For Sale

12785 Monte Vista Avenue

Chino, CA 91710
2340 sqft | 7 beds | 0.15 acres | #24462645
Listing OfficeMarcus & Millichap
Browse 9 photos
Type:Multi-Family
Structure:House
Zone:Commercial

Description

We are pleased to present 12785 Monte Vista Avenue, a rare 4-unit multifamily property located in the desirable city of Chino, California. The property features an ideal unit mix of three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, totaling 2,340 square feet of living space. All units are single-story and situated in a quiet residential neighborhood, offering a peaceful living environment for tenants. The property sits on a 6,500-square-foot corner lot, consisting of two duplexes, each with garage parking and additional open parking spaces. All units are separately metered for gas and electricity, helping reduce operating expenses for the owner. Currently operating at a 5.04% cap rate, the property has 27.4% upside in rents, with market rents supporting a 7.01% pro forma cap rate. This investment is positioned in a highly supply-constrained market, with only two comparable 2-4 unit properties sold this year and fewer than 50 fourplexes in the entire city. Opportunities to acquire multifamily assets in Chino are limited, which ensures strong long-term value retention for investors. The property offers excellent access to major transportation routes, including the 60 and 71 Freeways, providing direct connections to Ontario International Airport, Chino Hills Shopping Center, and key employment centers across the Inland Empire. Residents also benefit from nearby local shops, restaurants, and entertainment options, making this an attractive location for long-term tenants seeking both convenience and comfort.

  • Property Details
      • Property SubtypeResidentialIncome
      • CountySan Bernardino
      • Property TypeMulti-Family
      • Original List Price$1,195,000
      • MLS #24462645
      • MLS #24462645
      • Cost1195000
      • Acres0.1492
      • Square Feet2340
      • Year Built1938
      • Bedrooms7
      • Stories1

Location

Jessie Espinosa | Century 21 Select Real Estate, TurlockReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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