Sold for $1,150,000 on 02/07/25
$1,150,000
12785 Monte Vista Ave, Chino, CA 91710
7beds
4baths
2,340sqft
Multi Family
Built in 1938
-- sqft lot
$1,117,800 Zestimate®
$491/sqft
$2,216 Estimated rent
Home value
$1,117,800
$1.01M - $1.24M
$2,216/mo
Zestimate® history
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Owner options
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What's special
We are pleased to present 12785 Monte Vista Avenue, a rare 4-unit multifamily property located in the desirable city of Chino, California. The property features an ideal unit mix of three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, totaling 2,340 square feet of living space. All units are single-story and situated in a quiet residential neighborhood, offering a peaceful living environment for tenants. The property sits on a 6,500-square-foot corner lot, consisting of two duplexes, each with garage parking and additional open parking spaces. All units are separately metered for gas and electricity, helping reduce operating expenses for the owner. Currently operating at a 5.04% cap rate, the property has 27.4% upside in rents, with market rents supporting a 7.01% pro forma cap rate. This investment is positioned in a highly supply-constrained market, with only two comparable 2-4 unit properties sold this year and fewer than 50 fourplexes in the entire city. Opportunities to acquire multifamily assets in Chino are limited, which ensures strong long-term value retention for investors. The property offers excellent access to major transportation routes, including the 60 and 71 Freeways, providing direct connections to Ontario International Airport, Chino Hills Shopping Center, and key employment centers across the Inland Empire. Residents also benefit from nearby local shops, restaurants, and entertainment options, making this an attractive location for long-term tenants seeking both convenience and comfort.
Zillow last checked: 8 hours ago
Listing updated: February 22, 2025 at 08:52am
Listed by:
Oscar Diaz DRE # 02022902 213-999-2124,
Marcus & Millichap 310-909-5500
Bought with:
Oscar Diaz, DRE # 02022902
Marcus & Millichap
Source: CLAW,MLS#: 24-462645
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Other
Cooling
- Other
Interior area
- Total structure area: 2,340
- Total interior livable area: 2,340 sqft
Property
Parking
- Total spaces: 4
- Parking features: Other
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,499 sqft
- Dimensions: 50 x 130
Details
- Additional structures: None
- Parcel number: 1015641020000
- Special conditions: Standard
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1938
Community & neighborhood
Location
- Region: Chino
Price history
| Date | Event | Price |
|---|---|---|
| 2/7/2025 | Sold | $1,150,000-3.8%$491/sqft |
Source: | ||
| 11/13/2024 | Listed for sale | $1,195,000$511/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,843 +2.7% | $337,797 +2% |
| 2024 | $3,742 +2.8% | $331,173 +2% |
| 2023 | $3,641 +0.6% | $324,679 +2% |
Find assessor info on the county website
Neighborhood: 91710
Nearby schools
GreatSchools rating
- 7/10Anna A. Borba Fundamental Elementary SchoolGrades: K-6Distance: 0.2 mi
- 5/10Ramona Junior High SchoolGrades: 7-8Distance: 0.5 mi
- 5/10Don Antonio Lugo High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$1,117,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,117,800