10325 Lehigh Avenue

Montclair, CA 91763

$3,600,000
Price
6
Beds
25
Baths
12,701 Sq. Ft.
$283 / Sq. Ft.
12,701
Sq. Ft.
$283
per Sq. Ft.

Description

We are proud to present the Lehigh Apartments, a 13-Unit multifamily asset located at 10325 Lehigh Avenue in the city of Montclair. The property is located just 1-mile off the 10-fwy and adjacent to highly amenitized neighborhoods like city of Ontario, Claremont, Pomona, and Chino Hills. Some frequently travelled destinations within a 10- to 15-mile radius include The Shops at Chino Hills, Fox Amphitheater, Claremont Village, Ontario Mills Mall, Toyota Arena, and Victoria Gardens. More locally, tenants...We are proud to present the Lehigh Apartments, a 13-Unit multifamily asset located at 10325 Lehigh Avenue in the city of Montclair. The property is located just 1-mile off the 10-fwy and adjacent to highly amenitized neighborhoods like city of Ontario, Claremont, Pomona, and Chino Hills. Some frequently travelled destinations within a 10- to 15-mile radius include The Shops at Chino Hills, Fox Amphitheater, Claremont Village, Ontario Mills Mall, Toyota Arena, and Victoria Gardens. More locally, tenants enjoy a short half-mile drive to Montclair High School and convenient access to retailers like Cardenas Markets, McDonalds, Jack in The Box, Dollar Tree, Family Dollar, In-N-Out, and much more. Lehigh Apartments is a 13-Unit multifamily asset with over ±12,700 SF of gross building area and sits on just over 16,000 SF of land. The property offers an excellent unit mix of one, 1-Bedroom/1-Bathroom, seven, 2-Bedroom/2-Bathroom, and five, 3-Bedroom/2-Bathroom apartments. The units average 830, 910, and 1,100 SF, respectively. Tenants enjoy property amenities like well-maintained landscaping, open courtyard, secure gated access, on-site parking, and an on-site laundry facility. A new buyer will achieve significant cash-on-cash returns by assuming the current debt on the property. With a down payment of only ±$1,600,000, a new buyer will assume a fixed rate of 3.68% until 2029 with interest only payments until 2027. This investment is a great opportunity for a new, seasoned, or exchange investor.
  1. Listed by ERIC CHEN • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717

Property Details for 10325 Lehigh Avenue

Parking Spaces Total
12
Private Pool
No
Cooling Type
Wall/Window
Total Units
13.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
12701
Assessor Parcel Number
1009-501-05-0000
LISTING UPDATED: 12/19/2024 03:05 AM

Property Details for 10325 Lehigh Avenue

StatusPending
MLS #CV24211611
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
CountySan Bernardino County

Building Information for 10325 Lehigh Avenue

Building/Complex10325 Lehigh AveFloor-Stories2Residences-Pet Policy-Year Built1962Building Size-

Property Information for 10325 Lehigh Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $297,348
  • Gross Scheduled Income: $297,348
  • Vacancy Allowance: 8920
  • Gross Operating Income: $288,428
  • Net Operating Income: $188,667
  • Laundry Income: $5,352
  • Gross Multiplier: 12.11
  • Cap Rate: 5.24
Expense Details
  • Operating Expense: $99,761
  • New Taxes Expense: $40,745
  • Fuel Expense: $2,732
  • Electric Expense: $3,140
  • Insurance Expense: $7,800
  • Maintenance Expense: $9,100
  • Professional Management Expense: $10,885
  • Other Expense: $2,600
  • Other Expense Description: Reserves
  • Trash Expense: $5,877
  • Water Sewer Expense: $11,862
  • Total Expenses: $99,761
Tax / Assessment Info
  • Tax Tract Number: 6381
  • Tax Census Tract: 000301
  • CFD/Mello-Roos Fee: $1,803
  • Tax Lot: 17
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
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 13
  • 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: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $20,400
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,809
  • Unit Type Total Rent: $151,980
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,921
  • Unit Type Total Rent: $115,260
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 13
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1

Property History for 10325 Lehigh Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 10325 Lehigh Avenue

Taxable ValueLand$747,395Additions$1,373,944Total$2,121,339
Tax Record2024$23,255 ($1,938 / month)
Home Facts
Total Finished SqFt12,701 SqFtAbove Grade Finished SqFt12,701 SqFtStories2Lot Size16,080 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountySAN BERNARDINOAPN1009-501-05-0000

Schools near 10325 Lehigh Avenue

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
Lehigh Elementary School
PublicK to 6

Serrano 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.