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Sold for $2,715,000
  • Listed by: CB RICHARD ELLIS • Eric Chen • Contact: 909-418-2071
    Bought with: CB RICHARD ELLIS
    $2,715,000

    1027 W East St, Ontario, CA 91762

    24beds
    12baths
    11,044sqft
    Multi Family
    Built in 1961
    -- sqft lot
    $2,672,900 Zestimate®
    $246/sqft
    $1,988 Estimated rent

    Home value

    $2,672,900

    $2.41M - $2.97M

    $1,988/mo

    Zestimate® history
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    $1,988/mo

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    $17,370/mo

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    What's special

    Modern interiorsTile flooringGranite countertopsWood flooring
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with:

    Eric Chen, DRE #01489184

    CB RICHARD ELLIS

    Source: CRMLS,MLS#: CV24214918MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 24
    • Bathrooms: 12
    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 11,044
    • Total interior livable area: 11,044 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: Carport
    • Carport spaces: 12
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    Lot
    • Size: 0.39 Acres
    • Features: 11-15 Units/Acre
    Details
    • Parcel number: 1010463040000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1961

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Sidewalks
    Location
    • Region: Ontario

    Financial & listing details

    • Price per square foot: $246/sqft
    • Date on market: 10/16/2024
    • Cumulative days on market: 82 days
    • Listing terms: Cash,Cash to New Loan

    Price history

    DateEventPrice
    2/27/2025Sold$2,715,000-3%$246/sqft
    Source: CRMLS #CV24214918 Report a problem
    1/6/2025Contingent$2,800,000$254/sqft
    Source: CRMLS #CV24214918 Report a problem
    11/4/2024Listed for sale$2,800,000$254/sqft
    Source: CRMLS #CV24214918 Report a problem
    10/28/2024Contingent$2,800,000$254/sqft
    Source: CRMLS #CV24214918 Report a problem
    10/16/2024Listed for sale$2,800,000$254/sqft
    Source: CRMLS #CV24214918 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 91762

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $2,672,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,672,900