622 North Vine Avenue

Ontario, CA 91762

$1,350,000
Price
7
Beds
5
Baths
3,792 Sq. Ft.
$356 / Sq. Ft.
3,792
Sq. Ft.
$356
per Sq. Ft.

Description

NOI INCREASE OF 28% with room for VALUE ADD! Exciting Investment Potential at 622-630 N Vine Ave. This exceptional property consisting of 5 units presents a lucrative opportunity for investors. Located just a few blocks from Euclid Avenue, it features a mix of three spacious 1-bed/1-bath units and two generous 2-bed/1-bath units. Each unit is accompanied by its own private garage, additional on-site parking spaces, and convenient access to a dedicated coin-operated laundry room. All units have been...NOI INCREASE OF 28% with room for VALUE ADD! Exciting Investment Potential at 622-630 N Vine Ave. This exceptional property consisting of 5 units presents a lucrative opportunity for investors. Located just a few blocks from Euclid Avenue, it features a mix of three spacious 1-bed/1-bath units and two generous 2-bed/1-bath units. Each unit is accompanied by its own private garage, additional on-site parking spaces, and convenient access to a dedicated coin-operated laundry room. All units have been updated with durable tile flooring, windows, bathrooms, and with 4 out of 5 of them with newer kitchens. This multifamily property enjoys the benefit of reliable, timely-paying tenants, further enhancing its appeal. This property benefits from a prime location in Ontario, offering convenient proximity to a wide array of shops, dining establishments, and entertainment venues. As a result, it stands as a highly sought-after investment opportunity in the area.
  1. Listed by Kai Kim • DRE #02040060 • Brokerage DRE #01878277 • eXp Realty of California Inc • 626-202-3381
  2. Listed by LEONIE TRAN • DRE #02074147 • Brokerage DRE #01878277 • EXP REALTY

Property Details for 622 North Vine Avenue

View
Neighborhood
Parking Spaces Total
8
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3792

Location

Listing Courtesy of eXp Realty of California Inc, Kai Kim, DRE #02040060; EXP REALTY, LEONIE TRAN, DRE #02074147
Add your commute
LISTING UPDATED: 05/01/2024 01:29 AM

Property Details for 622 North Vine Avenue

StatusActive Under Contract
MLS #OC23124376
Days on Market292
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1953
Lot Size0.12 AC / 5,184 SF
CountySan Bernardino County

Location

Listing Courtesy of eXp Realty of California Inc, Kai Kim, DRE #02040060; EXP REALTY, LEONIE TRAN, DRE #02074147
Add your commute

Building Information for 622 North Vine Avenue

Stories1Residences-Year Built1953Building Size-Lot Size0.12 AC / 5,184 SF

Payment Calculator

$8,052 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$684

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 622 North Vine Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $97,800
  • Gross Scheduled Income: $97,800
  • Vacancy Allowance: 3078
  • Net Operating Income: $70,355
  • Cap Rate: 5.21
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $27,445
  • Insurance Expense: $4,190
  • Professional Management Expense: $4,190
  • Trash Expense: $5,619
  • Water Sewer Expense: $5,619
  • Total Expenses: $27,445
Tax / Assessment Info
  • Tax Block: 8
  • Tax Tract Number: 14
  • Tax Census Tract: 14.00
  • Tax Lot: 4
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Gas Oven
  • Equipment: Community
  • Interior Features: Ceiling Fan(s), Quartz Counters
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Tile
Exterior Features
  • Window Features: Insulated Windows
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Roof: Shingle
  • Entry Location: Off Vine
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Block, Good Condition, Wrought Iron
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Natural Gas Connected, Water Available, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage: Garage, On street
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Garage, On Site, Street
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 0

Property History for 622 North Vine Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 622 North Vine Avenue

Taxable ValueLand$164,048Additions$590,569Total$754,617
Tax Record2023$8,208 ($684 / month)
Home Facts
Total Finished SqFt3,762 SqFtAbove Grade Finished SqFt3,762 SqFtLot Size5,184 SqFtStyleMulti-Family Res (5+ Units)Year Built1953CountySAN BERNARDINOAPN1048-341-06-0000

Schools near 622 North Vine Avenue

This home is within Chaffey Joint Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Hawthorne Elementary School
PublicK to 6

Vina Danks Middle School
Public7 to 8

Chaffey High School
Public9 to 12

Buena Vista Arts-Integrated School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California Inc, Kai Kim, DRE #02040060; EXP REALTY, LEONIE TRAN, DRE #02074147

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.