8951 Monte Vista Ave Montclair, CA 91763
0.65 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26005212
HOA Y/N No
Year Built 2021
Lot Size 0.649 Acres
Property Sub-Type Apartment
Property Description
Vista Court Apartments was meticulously designed with modern-luxury features. Tenants at Vista Court enjoy a plethora of high-level features like gourmet kitchens with stainless steel appliances, undermount sinks, quarts counters in kitchen and bathrooms, wood plank flooring, modern bathrooms, in-unit washer and dryer, central AC, double-pane energy-efficient windows, recessed lighting, and large outdoor patio or balcony in every unit. Throughout the community, tenants enjoy access to covered/assigned secured parking, a +/-700 SF community room equipped with a kitchen, bathroom, and entertainment area for hosting, outdoor BBQ & picnic area, and ample open green space.
Vista Court features 23 large apartment homes with 18 unique floorplans. The property offers 28,258 SF of rentable building space and spans across a generous 28,280 SF site. The property consists of 12, 1-Bedroom/1-Bathrooms, 2, 2-Bedroom/2-Bathrooms, and 9, 2-Bedroom/2.5-Bathroom townhouse-style apartment homes. Currently the property produces nearly $682,000 in annual rental income. Additional revenue stream from on-site parking, storage, and the community room. An experienced investor will recognize the opportunity to preserve the investment's NOI through RUBS and other forms of aggressive management processes. A new investor also has the option to assume the existing loan from Umpqua Bank at a below market interest rate of 4.04% fixed for another 4 years.
Location
State CA
County San Bernardino
Area 685 - Montclair
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Barbecue, Electric Range, Gas Oven, Microwave, Refrigerator, Dryer, Washer
Laundry Common Area, Inside, Laundry Closet
Exterior
Parking Features Assigned, Covered, Garage
Garage Spaces 31.0
Garage Description 31.0
Pool None
Community Features Biking, Curbs, Dog Park, Foothills, Golf, Gutter(s), Hiking, Horse Trails, Mountainous, Park, Street Lights, Suburban, Sidewalks, Valley
Total Parking Spaces 31
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 1008011240000
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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