UPDATED:
09/30/2024 06:09 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR24167818
HOA Y/N No
Year Built 1958
Lot Size 7,200 Sqft
Property Description
Discover the rare opportunity to own a 4-unit complex at 5163 Canoga Street in the heart of Montclair. This well-maintained property offers four spacious units, each featuring 2 bedrooms and 1 bath. The units are currently occupied by long-term, stable tenants, making this an excellent investment with the potential to increase income by stabilizing rents and achieving a strong cap rate.
The property has been thoughtfully updated, with the entire roof recently replaced, ensuring minimal maintenance for years to come. The complex also benefits from copper plumbing throughout and a newer water heater, adding to the overall value and appeal. Some of the kitchen cabinets have been remodeled, offering a modern touch that enhances the living experience for tenants.
Each unit comes with its own single-car garage, conveniently located at the rear of the property with alley access, while ample street parking is available for guests. An on-site laundry room, equipped with an owned washer and dryer, provides additional convenience for residents.
Situated in a prime location, the property is just moments away from Central Avenue, the 10 Freeway, and Montclair Plaza, making it ideal for tenants seeking easy access to shopping, dining, and entertainment. Families with children will also appreciate the excellent Montclair schools nearby.
This property presents a unique opportunity to invest in a stable, income-generating asset with significant potential for rent growth. Showings are available upon submission of an offer, subject to interior inspection.
Don't miss your chance to secure this exceptional investment property in a highly desirable Montclair location!
Location
State CA
County San Bernardino
Area 685 - Montclair
Zoning R3
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Garage Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Roof Type Composition
Parking Type Garage
Total Parking Spaces 4
Private Pool No
Building
Lot Description Lawn
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 1010622320000
Energy Description 360.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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