12785 Monte Vista Avenue, Chino, CA 91710
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Listed Price :
$1,195,000
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Beds :
7
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Baths :
4
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Property Size :
2,340 sqft
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Year Built :
1938
Property 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.
Interior Features
| Bedroom Information |
| Bedrooms |
7 |
| Bathroom Information |
| Bathrooms |
4 |
Listing Information
| Address |
12785 Monte Vista Avenue |
| City |
Chino |
| State |
CA |
| Zip |
91710 |
| County |
San Bernardino |
| Listing Agent |
Oscar Diaz DRE #02022902 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$1,195,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
2,340 |
| Lot Size |
6,500 |
| Year Built |
1938 |
Listing information courtesy of: Oscar Diaz, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 13th, 2024 at 2:20 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
