5163 Canoga Street

Montclair, CA 91763

$1,200,000
Price
8
Beds
4
Baths
3,072 Sq. Ft.
$391 / Sq. Ft.
3,072
Sq. Ft.
$391
per Sq. Ft.

Description

Exceptional Multi-Family Investment Opportunity in Montclair! 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...Exceptional Multi-Family Investment Opportunity in Montclair! 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!
  1. Listed by Erika Shinzato • DRE #01453324 • Brokerage DRE #01525571 • RE/Max Time • 323-314-3998

Property Details for 5163 Canoga Street

Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3072
Assessor Parcel Number
1010-622-32-0000
LISTING UPDATED: 11/08/2024 04:56 AM

Property Details for 5163 Canoga Street

StatusActive
MLS #AR24167818
Days on Market101
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.17 AC / 7,200 SF
CountySan Bernardino County

Building Information for 5163 Canoga Street

Stories2Residences-Year Built1958Building Size-Lot Size0.17 AC / 7,200 SF

Property Information for 5163 Canoga Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $57,600
  • Gross Operating Income: $57,600
  • Net Operating Income: $36,886
  • Cap Rate: 3.07
Expense Details
  • Operating Expense: $20,714
  • New Taxes Expense: $13,200
  • Fuel Expense: $360
  • Electric Expense: $420
  • Insurance Expense: $1,394
  • Trash Expense: $3,600
  • Water Sewer Expense: $1,740
  • Total Expenses: $20,714
Tax / Assessment Info
  • Tax Tract Number: 5658
  • Tax Census Tract: 3.06
  • CFD/Mello-Roos Fee: $470
  • Tax Lot: 19
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Interior Features: Copper Plumbing Full
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Own
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Roof: Composition
  • Entry Location: Front Door
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lawn
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number With Range: 4

Property History for 5163 Canoga 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 5163 Canoga Street

Taxable ValueLand$125,607Additions$414,500Total$540,107
Tax Record2024$5,932 ($494 / month)
Home Facts
Total Finished SqFt3,072 SqFtAbove Grade Finished SqFt3,072 SqFtLot Size7,200 SqFtStyleQuadraplexYear Built1958CountySAN BERNARDINOAPN1010-622-32-0000

Schools near 5163 Canoga 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
Montera 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.

Similar Homes

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5163 Canoga Street is a multi-family home for sale in Montclair, CA 91763. This property was listed for sale on August 14, 2024 by RE/Max Time, it's currently listed at $1,200,000. It has been on the market for a total of 101 days and was last sold on July 9, 2010. This listing's school districts are Chaffey Joint Union High School District, Ontario-Montclair School District. Nearby schools include Montera Elementary School, Vernon Middle School and Montclair High School. 5163 Canoga Street is a 8-bed, 4-bath, 3,072 sqft multi-family home built in 1958.

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 RE/Max Time, Erika Shinzato, DRE #01453324

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.