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1701 E Fairfield Court
Ontario CA 91761 US

$1,500,000

Active Under Contract Listing ID SB24142846
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9 bed
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8.00 Bath (4 Full , 3 Half)
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Lot: 14,177.00 Square Feet
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Quadruplex

$1,500,000

Active Under Contract Listing ID SB24142846
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1701 E Fairfield Court Presenting a well-maintained two-story quadruplex with an impressive 5.45% cap rate, offering significant income upside and an opportunity to push the cap rate to over 6% within a year. This fully occupied property features four spacious units: one 3-bedroom, 2-bath and 2 car garage unit, and three 2-bedroom, 1.5-bath and 1 car garage units. Three of the units have been upgraded. Each unit is equipped with central air and heat, ensuring year-round comfort for tenants. All units are currently occupied, with one lease secured until July 2025 and the remaining units on a month-to-month basis to provide maximum flexibility for the new owner. Each unit has separate electric and gas meters, its own garage, and laundry hookups. The owner has provided a washer, dryer, and refrigerator in three of the units, which will convey to the buyer. Tenants can enjoy outdoor spaces with either a patio, balcony, or small yard. Ideally situated close to schools, major freeways, shopping centers, restaurants, and more, this property offers convenience and accessibility for all tenants. This is a rare opportunity for investors to acquire a stable, income-producing property with the potential for increased rents and other income through garage rents or RUBS implementation for water, sewer, and trash. Don't miss out on this exceptional investment in a high-demand area. Current low interest rate VA loan may be assumed by military buyer.

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Property Features

  • Facts
  • Lot Size: 14,177.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Quadruplex
  • Features
  • Full Bathrooms: 4
  • 3/4 Bathrooms: 1
  • 1/2 Bathrooms: 3
  • Exterior Finish: Community Features Included: Curbs, Sidewalks, Lot 10000-19999 Sqft
  • Heating Fuels: Central Furnace, Forced Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Quadruplex
  • listprice: 1500000
  • unparsedaddress: 1701 E Fairfield Court
  • postalcity: Ontario
  • stateorprovince: CA
  • country: US
  • postalcode: 91761
  • bathroomsfull: 4
  • bathroomshalf: 3
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 1
  • lotsizeacres: 0.325459136822773
  • lotsizeunits: Square Feet
  • lotsizearea: 14177
  • livingarea: 4269
  • livingareaunits: Square Feet
  • listagentfullname: Natasha Gwilt
  • listagentemail: Tasha@GwiltGroup.com
  • listagentkey: 3yd-MRMLSCA-SBGWILNAT
  • listagentmlsid: SBGWILNAT
  • listagentpreferredphone: 4244081868
  • listagentofficephone: 8885849427
  • listofficekey: 3yd-MRMLSCA-sb1338520
  • listagentstatelicense: 01988779
  • listofficemlsid: sb1338520
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1980
  • listingcontractdate: 2024-07-12
  • listagenturl: http://www.GwiltGroup.com
  • countyorparish: San Bernardino
  • parcelnumber: 0216411280000
  • heating: Central Furnace, Forced Air
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 5
  • parkingfeatures: Garage
  • waterfrontyn: False
  • interiorfeatures: Carbon Monoxide Detector(s)
  • exteriorfeatures: Community Features Included: Curbs, Sidewalks, Lot 10000-19999 Sqft
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty of California, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Tasha@GwiltGroup.com", "ListBrokerageCity":"San Ramon", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Listhub@exprealty.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"eXp Realty of California, Inc.", "ListBrokeragePhone":"(888) 584-9427", "ListBrokeragePostalCode":"94583", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"Suite 200", "ListBrokerageUnparsedAddress":"2603 Camino Ramon", "ListBrokerageWebsiteUrl":"https://www.exprealty.com", "ListOfficeAddress1":"2603 Camino Ramon", "ListOfficeAddress2":"Suite 200", "ListOfficeBrokerMlsId":"SPENNDEB", "ListOfficeCity":"San Ramon", "ListOfficeCountry":"US", "ListOfficeEmail":"ca.broker@exprealty.net", "ListOfficePostalCode":"94583", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Quadruplex - Ontario, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1701-E-Fairfield-Ct-Apt-1_Ontario_CA_91761_M97562-18796?f=listhub&s=MRMLSCA&m=SB24142846&c=rexren", "MLSModificationTimestamp":"2024-10-22T19:17:36Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:51:40 AM GMT
Source Updated Date: 11/23/2024 6:52:39 AM GMT

Courtesy of: Natasha Gwilt, eXp Realty of California Inc, Tasha@GwiltGroup.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.