1027 West E Street

Ontario, CA 91762

$2,800,000
Price
2
Beds
12
Baths
11,044 Sq. Ft.
$254 / Sq. Ft.
11,044
Sq. Ft.
$254
per Sq. Ft.

Description

We are proud to present the Mountain View Apartments, a 12- Unit multifamily property, located at 1027 W E Street in the City of Ontario. The Mountain View Apartments is an excellent investment opportunity situated on the corner of N Palmetto Avenue and West E Street. Mountain View Apartments is located in Ontario, a high-demand market with a rapidly growing population. Tenant’s benefits from unparalleled convenience and accessibility to major retailers like Walmart, Costco, Raising Canes, Target,...We are proud to present the Mountain View Apartments, a 12- Unit multifamily property, located at 1027 W E Street in the City of Ontario. The Mountain View Apartments is an excellent investment opportunity situated on the corner of N Palmetto Avenue and West E Street. Mountain View Apartments is located in Ontario, a high-demand market with a rapidly growing population. Tenant’s benefits from unparalleled convenience and accessibility to major retailers like Walmart, Costco, Raising Canes, Target, and a variety of restaurants, malls, parks, banks, and fitness centers nearby as well as essential services like Kaiser Permanente Medical Center. Within a 10-mile radius, are popular attractions like Victoria Gardens, Top Golf, Toyota Arena, and Claremont Village. The property is also located within a 25-mile radius of several notable SoCal attractions in San Gabriel Valley, Anaheim, and Riverside. Mountain View Apartments, a 12-unit complex, offers all 2B/1B units for a total of ±11,044 square feet of living space on a ±17,001 square foot lot. Convenient parking is provided for all residents with 12 carports. Recent upgrades include a new roof, exterior renovations, and termite treatment. Over half of the units feature modern interiors with granite countertops, wood flooring in the living rooms, and tile flooring in the bathrooms and kitchens. The average unit size is 920 square feet. Mountain View Apartments offers a stable and profitable investment opportunity with 58% rental growth potential to achieve market rents. Whether you’re a first-time investor, seasoned professional, or seeking a 1031 exchange, Mountain View Apartments presents a lucrative investment choice and valuable long-term asset.
  1. Listed by ERIC CHEN • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717

Property Details for 1027 West E Street

Parking Spaces Total
12
Private Pool
No
Cooling Type
Wall/Window
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
11044
Assessor Parcel Number
1010-463-04-0000
LISTING UPDATED: 01/06/2025 07:05 AM

Property Details for 1027 West E Street

StatusActive Under Contract
MLS #CV24214918
Days on Market82
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
CountySan Bernardino County

Building Information for 1027 West E Street

Building/Complex1027 W E StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1961Building Size-

Property Information for 1027 West E Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $191,340
  • Gross Scheduled Income: $191,340
  • Vacancy Allowance: 9567
  • Gross Operating Income: $181,773
  • Net Operating Income: $105,748
  • Gross Multiplier: 14.63
  • Cap Rate: 3.78
Expense Details
  • Operating Expense: $76,025
  • New Taxes Expense: $31,876
  • Gardener Expense: $3,460
  • Electric Expense: $695
  • Insurance Expense: $8,351
  • Maintenance Expense: $9,000
  • Professional Management Expense: $7,271
  • Other Expense: $1,600
  • Other Expense Description: Reserves
  • Trash Expense: $6,029
  • Water Sewer Expense: $6,028
  • Supplies Expense: $1,387
  • Total Expenses: $76,025
Tax / Assessment Info
  • Tax Tract Number: 4124
  • Tax Census Tract: 11.01
  • CFD/Mello-Roos Fee: $1,588
  • Tax Lot: 37
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 12
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,329
  • Unit Type Total Rent: $191,340
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1

Property History for 1027 West E Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1027 West E Street

Taxable ValueLand$180,279Additions$1,681,413Total$1,861,692
Tax Record2024$20,414 ($1,701 / month)
Home Facts
Total Finished SqFt11,044 SqFtAbove Grade Finished SqFt11,044 SqFtStories2Lot Size17,001 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountySAN BERNARDINOAPN1010-463-04-0000

Schools near 1027 West E Street

This home is within Chaffey Joint Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Elderberry Elementary School
PublicK to 6

Vernon Middle School
Public7 to 8

Montclair High School
Public9 to 12

Buena Vista Arts-Integrated School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.