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Listed by AMANDA P RIOS • REALTY MASTERS & ASSOCIATES
$1,449,000
Est. payment /mo
4,003 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,003 sqft
Price per Sqft $361
MLS Listing ID IV-26193708
Year Built 1987
Lot Size 9,956 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Pleased to exclusively present the opportunity to acquire a well-maintained, townhome-style multifamily investment property located at 3230 Triumph Lane in Ontario, CA, one of the Inland Empire's most dynamic and rapidly growing rental markets. Constructed in 1987, this two-story, single building property consists of four units situated on a 0.22-acre parcel and has 4,003 square feet of rentable building area. The property features an attractive unit mix that includes 2- three-bedroom/two bathroom townhomes. 2- two-bedroom/one-bathroom townhome; Each unit is equipped with central air conditioning and heating, in-unit washer and dryer hook-ups, dishwashers, individual hot water heaters, and separate gas and electric metering. The property benefits from central AC Units, pitched tile roof, and select units offer a fireplace, private patios or balconies. Parking is ample and secure with attached garages consisting of two double-car garages, two single-car garages, and additional open spaces. The asset is also eligible for attractive 30-year fixed-rate financing. Ontario is widely regarded as one of the most compelling multifamily investment markets in the Inland Empire, driven by sustained population growth, robust job creation, and relative affordability compared to coastal Southern California markets. The city offers exceptional regional connectivity via Interstates 10, 15, and 60, as well as close proximity to Ontario International Airport, a major logistics and transportation hub. Ontario's diverse employment base is anchored by logistics and distribution, healthcare, education, manufacturing, and public-sector employment, providing a stable and expanding tenant base. With strong renter demand, a growing employment base, and a business-friendly environment, Ontario offers investors the opportunity to acquire multifamily assets in a high-growth Southern California market while maintaining a more accessible entry point than Los Angeles or Orange County. This offering represents an excellent opportunity to acquire a well-located, townhome-style apartment property with desirable unit features, strong tenant appeal, and long-term upside in one of the Inland Empire's most resilient and affordable rental markets.
Location
State CA
County San Bernardino
Area 686 - Ontario
Interior
Heating Central
Laundry In Garage
Exterior
Garage Spaces 4.0
Pool None
Community Features Suburban
Building
Lot Description Lot 6500-9999
Sewer Public Sewer
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900