10325 Lehigh Avenue
Montclair, CA 91763
Pending for $3,600,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 16,080 sqft
| MLS | CV24211611 |
| Year Built | 1962 |
| Property Type | Apartment |
| County | San Bernardino |
| Status | Pending |
| Pending | $3,600,000 |
| Structure Size | N/A sqft |
| Lot Size | 16,080 sqft |
| Beds | N/A |
| Baths | N/A |
Description
We are proud to present the Lehigh Apartments, a 13-Unit multifamily asset located at 10325 Lehigh Avenue in the city of Montclair. The property is located just 1-mile off the 10-fwy and adjacent to highly amenitized neighborhoods like city of Ontario, Claremont, Pomona, and Chino Hills. Some frequently travelled destinations within a 10- to 15-mile radius include The Shops at Chino Hills, Fox Amphitheater, Claremont Village, Ontario Mills Mall, Toyota Arena, and Victoria Gardens. More locally, tenants enjoy a short half-mile drive to Montclair High School and convenient access to retailers like Cardenas Markets, McDonalds, Jack in The Box, Dollar Tree, Family Dollar, In-N-Out, and much more. Lehigh Apartments is a 13-Unit multifamily asset with over ±12,700 SF of gross building area and sits on just over 16,000 SF of land. The property offers an excellent unit mix of one, 1-Bedroom/1-Bathroom, seven, 2-Bedroom/2-Bathroom, and five, 3-Bedroom/2-Bathroom apartments. The units average 830, 910, and 1,100 SF, respectively. Tenants enjoy property amenities like well-maintained landscaping, open courtyard, secure gated access, on-site parking, and an on-site laundry facility. A new buyer will achieve significant cash-on-cash returns by assuming the current debt on the property. With a down payment of only ±$1,600,000, a new buyer will assume a fixed rate of 3.68% until 2029 with interest only payments until 2027. This investment is a great opportunity for a new, seasoned, or exchange investor.
Listing information courtesy of: ERIC CHEN, CB RICHARD ELLIS 909-418-2071. *Based on information from the Association of REALTORS/Multiple Listing as of 11/26/2024 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.
Location
Contact a Local Realtor®
Iwona G. Riley
REALTOR®
Direct: 818.216.4895
Email: Email Me
DRE: 02015583
DRE #01873088
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