Multifamily

10374 Marion Ave

10374 Marion Ave, Montclair, CA 91763

Listing Price: $950,000

Cap Rate
3.76%
Number of Units
2
Price/Unit
$475,000
Price/Gross SF
$296.88
Gross SF
3,200

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 2 separate duplexes in the City of Montclair. Located south of the 10 freeway, the two duplexes are located approximately a quarter mile from each other. Built in 2017 and 2018 respectively, all four units are not subject to any local or statewide rent control restrictions. The duplex located at 10285 Poulsen Ave was built in 2018 and consist of two (2) two-story 3Bedroom/2.5Bathroom single family houses. With approximately 2,800 +/- sq. ft. of total living space on 8,105 sq. ft. of land, each house has its own separate driveway, two-car garage, and enclosed private yard. The duplex located at 10374 Marion Ave was built in 2017 and consists of two (2) attached 3Bedroom/3Bathroom townhouse style units. With approximately 3,200 +/- sq. ft. of living space on 8,050 sq ft of land, each unit includes its own two-car garage & private patio. There is a fairly wide, shared driveway for additional potential parking. The front unit can potentially be delivered vacant and allow for an owner/user to occupy. The two properties are primely located within a short drive of the newly redeveloped Montclair Placemall which boasts a total of 1.2million +/- sq. ft. of retail and dining, 150 shops, and will soon include a new, 17,000 +/- sq. ft. concert venue called The Canyon. The properties are situated between two medical centers including the Montclair Hospital Medical Center and the Kaiser Permanente Ontario Vineyard Medical Center and are only about 6 miles from the Ontario International Airport. With only four (4) total units, this deal may qualify for residential financing and with below market rents and no rent control restrictions, the properties would allow a potential investor to immediately add value by bringing those rents closer to market rates.

Investment Highlights

  • Newer Construction: Built in 2017
  • Below Market Rents
  • Potential Owner/User Opportunity
  • Qualifies for Residential Financing
  • No Rent Control Restrictions

Exclusively Listed By

Listing Price: $950,000

Cap Rate
3.76%
Number of Units
2
Price/Unit
$475,000
Price/Gross SF
$296.88
Gross SF
3,200

Investment Highlights

  • Newer Construction: Built in 2017
  • Below Market Rents
  • Potential Owner/User Opportunity
  • Qualifies for Residential Financing
  • No Rent Control Restrictions

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 2 separate duplexes in the City of Montclair. Located south of the 10 freeway, the two duplexes are located approximately a quarter mile from each other. Built in 2017 and 2018 respectively, all four units are not subject to any local or statewide rent control restrictions. The duplex located at 10285 Poulsen Ave was built in 2018 and consist of two (2) two-story 3Bedroom/2.5Bathroom single family houses. With approximately 2,800 +/- sq. ft. of total living space on 8,105 sq. ft. of land, each house has its own separate driveway, two-car garage, and enclosed private yard. The duplex located at 10374 Marion Ave was built in 2017 and consists of two (2) attached 3Bedroom/3Bathroom townhouse style units. With approximately 3,200 +/- sq. ft. of living space on 8,050 sq ft of land, each unit includes its own two-car garage & private patio. There is a fairly wide, shared driveway for additional potential parking. The front unit can potentially be delivered vacant and allow for an owner/user to occupy. The two properties are primely located within a short drive of the newly redeveloped Montclair Placemall which boasts a total of 1.2million +/- sq. ft. of retail and dining, 150 shops, and will soon include a new, 17,000 +/- sq. ft. concert venue called The Canyon. The properties are situated between two medical centers including the Montclair Hospital Medical Center and the Kaiser Permanente Ontario Vineyard Medical Center and are only about 6 miles from the Ontario International Airport. With only four (4) total units, this deal may qualify for residential financing and with below market rents and no rent control restrictions, the properties would allow a potential investor to immediately add value by bringing those rents closer to market rates.

Exclusively Listed By

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