Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to exclusively present the El Camino Way Apartments. This 3 multi-family unit offering is located at 195 El Camino Way in Claremont, California. Built in 1954, the property is situated on a lot size of 0.17 Acres and has approximately 1,818 rentable square feet. All units are single story, and the building has a pitched composition roof. Located in the downtown Claremont Village area, tenants are within a very short walk of local restaurants and shops. Said offering is comprised of 3 one-bedroom / one-bathroom units with approximately 600 rentable square feet. All units contain updated vinyl windows, a gas oven / stove, individual water heater, electric wall a/c & gas wall heater unit and a large, enclosed patio. Each unit is individually metered for gas & electricity and the landlord is responsible for water, sewer, and trash. There are a total of 3 enclosed garages and 3 open parking spaces on the property. The El Camino Way Apartments offers a very rare opportunity to purchase a multi-family asset in the sought after downtown Claremont Village area. With the current rents estimated at 20% below market rates and coupled with the upside in re-positioning with interior renovations, this is an ideal value-added opportunity. This offering is part of a 4-property portfolio, and the combined properties are the following: 13 Multi-Family Units located at 425 N. 11th Avenue in Upland, CA: Price: $3,450,000 8 Multi-Family Units located at 3401-3411 Butterfield Ave. in La Verne, CA: Price: $2,700,000 3 Multi-Family Units located at 309 N. Cambridge Ave. in Claremont, CA: Price: $1,385,000 3 Multi-Family Units locate at 195 El Camino Way in Claremont, CA: Price: $1,100,000 The Seller reserves the right to sell each property individually and/or as a portfolio. Please contact the listing agent for further information. Please do not Disturb Tenants, Walk and/or Talk to anyone at the property. An Interior inspection will only take place upon an accepted offer.