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    8711 Lomita Drive

    Rancho Cucamonga, CA 91701
    • $1,128,888
    • STATUS: Active
    • ON SITE: 16 days
    • MLS #: PW21001450
    UPDATED: 50 min ago
    $1,128,888
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,598
      SQFT
    • $314
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    We are pleased to offer 8711 Limita Drive, a 4-unit investment opportunity located in the master-planned community of Rancho Cucamonga. Situated on a corner lot within the city's best school district, this 4-unit property is comprised of large 2 & 3-bedroom units, each with varying degrees of upgrades to the interiors including new flooring and new countertops that reflect true pride of ownership. Additionally, each unit features a private patio with many offering views of the nearby San Bernardino Mountains. The Lomita Drive Apartments offers below-average maintenance thanks in part to the community HOA which provides water, insurance, gardening, and more allowing ownership to simply collect rents without the burden of common investment property management. The HOA also provides tenants with a community swimming pool and ample common areas offering a sense of community to the neighborhood. With the low maintenance, low turnover, and stabilized current rents, this is an excellent and smart investment opportunity for any investor. *Large 2 & 3-Bedroom Units w/Mountain Views, *Excellent Rental Location Near Schools, Parks & Major Retail, *Corner Lot with Excellent Exposure, *Various Degrees of Upgrades to All Interiors, *Extremely Low Maintenance Investment, *Community Swimming Pool & Common Areas

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-21T07:28:26.943. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/112998595
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    8711 Lomita Drive Rancho Cucamonga, CA 91701

    • Price: $1,128,888
    • Status: Active
    • Updated: 50 min ago
    • MLS #: PW21001450
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    3,598
    SQFT
    $314
    $/SQFT
    1973
    Built
    Neighborhood:
    688 - Rancho Cucamonga
    County:
    San Bernardino
    Area:
    688 - Rancho Cucamonga
    Property Description
    We are pleased to offer 8711 Limita Drive, a 4-unit investment opportunity located in the master-planned community of Rancho Cucamonga. Situated on a corner lot within the city's best school district, this 4-unit property is comprised of large 2 & 3-bedroom units, each with varying degrees of upgrades to the interiors including new flooring and new countertops that reflect true pride of ownership. Additionally, each unit features a private patio with many offering views of the nearby San Bernardino Mountains. The Lomita Drive Apartments offers below-average maintenance thanks in part to the community HOA which provides water, insurance, gardening, and more allowing ownership to simply collect rents without the burden of common investment property management. The HOA also provides tenants with a community swimming pool and ample common areas offering a sense of community to the neighborhood. With the low maintenance, low turnover, and stabilized current rents, this is an excellent and smart investment opportunity for any investor. *Large 2 & 3-Bedroom Units w/Mountain Views, *Excellent Rental Location Near Schools, Parks & Major Retail, *Corner Lot with Excellent Exposure, *Various Degrees of Upgrades to All Interiors, *Extremely Low Maintenance Investment, *Community Swimming Pool & Common Areas
    Exterior Features

    Carport Spaces 4.00 Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features Community Pool Private YN No Property Attached YN No Uncovered Spaces 4.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.80 Community Features CurbsSidewalksStorm DrainsStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 0.00 Gross Income 240.00 Gross Multiplier 15.50 Gross Operating Income 70655.00 Gross Scheduled Income 72840.00 Insurance Expense 0.00 Land Lease YN No Laundry Income 240.00 Laundry YN Yes Maintenance Expense 1500.00 Net Operating Income 42762.00 New Construction YN No New Taxes Expense 12367.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 27893.00 Operating Expense Percent 38.30 Other Expense 11700.00 Other Expense Description Hoa Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 27893.00 Trash Expense 0.00 Vacancy Allowance 2185 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Doug Rodermund of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-21T07:28:26.943. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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