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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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    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#: 24-462645MLS Logo

    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

    DateEventPrice
    2/7/2025Sold$1,150,000-3.8%$491/sqft
    Source: CLAW #24-462645
    11/13/2024Listed for sale$1,195,000$511/sqft
    Source: CLAW #24-462645

    Public tax history

    YearProperty taxesTax 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
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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