12785 Monte Vista Avenue
$1,195,000
7
4
2,340
2,340
$511
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...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.
- Listed by Oscar Diaz • DRE #02022902 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 12785 Monte Vista Avenue
Parcel Number
1015641020000
Total Units4.0
Living Area2340
Source Living AreaVendor Enhanced
AreaChino (681)
Vacancy Rate0
Lot Size Area6500
Source Lot Size AreaVendor Enhanced
LISTING UPDATED: 11/20/2024 12:01 AM
Property Details for 12785 Monte Vista Avenue
Status | Active |
---|---|
MLS # | 24-462645 |
Days on Market | 46 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1938 |
Lot Size | 0.15 AC / 6,500 SF |
County | San Bernardino County |
Building Information for 12785 Monte Vista Avenue
Stories1Residences-Year Built1938Building Size-Lot Size0.15 AC / 6,500 SF
Property Information for 12785 Monte Vista Avenue
Property History for 12785 Monte Vista Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 12785 Monte Vista Avenue
Taxable ValueLand$64,396Additions$266,777Total$331,173
Tax Record2024$3,742 ($312 / month)
Home Facts
Total Finished SqFt2,340 SqFtAbove Grade Finished SqFt2,340 SqFtLot Size6,500 SqFtStyleQuadraplexYear Built1938CountySAN BERNARDINOAPN1015-641-02-0000
Schools near 12785 Monte Vista Avenue
This home is within Chino Valley Unified 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 |
---|---|---|
Newman Elementary School PublicK to 6 | ||
Ramona Junior High School Public7 to 8 | ||
Don Antonio Lugo High School Public9 to 12 | ||
Anna A. Borba Fundamental Elementary 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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