Ontario, CA 91764,416 N Cherry Avenue
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Ontario, CA 91764,416 N Cherry Avenue
Ontario, CA 91764,416 N Cherry Avenue
Ontario, CA 91764,416 N Cherry Avenue
Ontario, CA 91764,416 N Cherry Avenue

$970,000

Est. payment /mo

$995,000

2.5%
Est.Price: ?

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416 N Cherry Avenue Ontario, CA 91764

6 Beds

3 Baths

10,620 Sqft Lot

SOLD DATE : 08/16/2024

Key Details

Sold Price $970,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID FR24142085

Sold Date 08/16/24

Bedrooms 6

HOA Y/N No

Lot Size 10,620 Sqft

Property Description

This multi-unit residential property located at 416 N. Cherry, 412 N. Cherry, and 405 E. D Street is an excellent investment opportunity for those seeking either straight rental income, or the option to reside in one unit and rent the others for additional income. The three separate units sit on a 10,620 square foot corner lot, close to all amenities, schools, parks, shopping and public transportation. The unit at 416 N. Cherry is 705 sq. ft. with 2 bedrooms and 1 full bath. This unit includes a garage, carport and driveway for additional parking. The unit at 412 N. Cherry is 1,224 sq. ft. with 2 bedrooms and 1 full bath, and includes a gazebo and storage basement. It also has a garage, carport and driveway for additional parking. The unit at 405 E. D Street is 1,000 sq. ft., and consists of 2 bedrooms and 1 full bath. This corner unit includes a garage and driveway and parking for a small RV or boat. All units have separate private fenced yards that enhance the appeal for families or tenants seeking outdoor living spaces. This property holds significant potential for both immediate rental income and long-term value appreciation. The close proximity of the individual units help simplify overall management and enhance operational efficiency.
This multi-unit residential property located at 416 N. Cherry, 412 N. Cherry, and 405 E. D Street is an excellent investment opportunity for those seeking either straight rental income, or the option to reside in one unit and rent the others for additional income. The three separate units sit on a 10,620 square foot corner lot, close to all amenities, schools, parks, shopping and public transportation. The unit at 416 N. Cherry is 705 sq. ft. with 2 bedrooms and 1 full bath. This unit includes a garage, carport and driveway for additional parking. The unit at 412 N. Cherry is 1,224 sq. ft. with 2 bedrooms and 1 full bath, and includes a gazebo and storage basement. It also has a garage, carport and driveway for additional parking. The unit at 405 E. D Street is 1,000 sq. ft., and consists of 2 bedrooms and 1 full bath. This corner unit includes a garage and driveway and parking for a small RV or boat. All units have separate private fenced yards that enhance the appeal for families or tenants seeking outdoor living spaces. This property holds significant potential for both immediate rental income and long-term value appreciation. The close proximity of the individual units help simplify overall management and enhance operational efficiency.

Location

State CA

County San Bernardino

Area Ontario (91764)

Zoning Public Rec

Interior

Cooling Wall/Window

Exterior

Roof Type Composition

Building

Lot Description Sidewalks

Story 1

Lot Size Range 7500-10889 SF

Level or Stories 1 Story

Others

Monthly Total Fees $27

Acceptable Financing Cash, Conventional, Exchange

Space Rent $2,000

Listing Terms Cash, Conventional, Exchange

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Paul Franco • Brickside Real Estate
Bought with General NONMEMBER • NONMEMBER MRML
agent

Tadd Bennett

Broker | License ID: 01926503

+1(760) 222-7717

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