416 N Cherry Avenue

Ontario, CA 91764

$970,000

Sold Price
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bed Beds

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straighten / sqft

1906

calendar_month Built

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.

Listing Information

Close Price $970,000
Close Date Friday, August 16th, 2024
Status Closed
MLS FR24142085
Type Residential Income
Subtype Triplex
Year Built 1906
Lot Size 10,620
Structure Size N/A
DOM 5
Courtesy Of Brickside Real Estate
Listing Agent Paul Franco DRE#01850956

Interior Features

Laundry Information
Location(s) In Garage
Total Bedroom
Bedrooms N/A
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Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Paul Franco, Brickside Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 16th, 2024 at 9:35 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.