V. Peter Mitchell

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1

Closed Sales

$850K

Total Value

$850K - $850K

Price Range

$850K

Average Price

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SOLD/OFF MARKET LISTINGS

Ontario CA Commercial Sale for Sale

622-630 N Vine Ave is an excellent investment with lots of upside opportunity. This 3,762 sq ft 5plex is just a few blocks walking distance to shops, dining, groceries, and entertainment on busy Euclid Avenue. The property is neighbor to a corner located 7-Eleven convenient store and sits on a 5,184 sq ft lot. Live in one unit and rent the other's out. The unit mix consist of Three 1 bedroom / 1 bath; and Two 2 bedroom / 1 bath units. In addition, each unit has a private garage with additional onsite parking. Separate coin operated laundry room with one washer and dryer…room to add. Easy tenant transition...four of the five units are on month to month leases. The fifth lease expires in June 2018. This is a high demand area...very low to no vacancies. Current rents are below market. With min renovations, this property can command top rents for Ontario. Drive by only. Please do not disturb the tenants. Offer contingent upon offer. Owner financing may be considered. Defer Capital Gains when you sell your capital asset. More flexible than a 1031 Exchange. Visit DeferCapitalGainsTaxes.com

Closed
$849,999 Closed
- bds
- 0 ba
- 3762 sqft
622 622-630 N Vine Avenue N

Ontario, CA
Listing by: V. Peter Mitchell - Mitchell Properties, Inc.