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    8711 Lomita Drive

    Rancho Cucamonga, CA 91701
    • $1,128,888
    • STATUS: ACTIVE
    • ON SITE: 16 days
    • ID#: 302992603
    UPDATED: 71 min ago
    $1,128,888
    • 7
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    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 Mounta 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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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/112998361
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    8711 Lomita Drive Rancho Cucamonga, CA 91701

    • Price: $1,128,888
    • Status: ACTIVE
    • Updated: 71 min ago
    • ID#: 302992603
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    Neighborhood:
    Alta Loma
    County:
    San Bernardino
    Area:
    Rancho Cucamonga (91701)
    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 Mounta 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

    Pool Community/Common Site CurbsSidewalks

    Interior Features

    Total Baths Unit1 1 Total Baths Unit2 2 Total Baths Unit3 2

    Property Features

    Actual Cap Rate 3.8 Annual Expense Actual 27893 Buildings 1 Gross Rent Multiplier Actual 15.5 Gross Scheduled Income Actual 72840 Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 1450.0 Unit2 Rent Actual 1500.0 Unit3 Rent Actual 1600.0 Zoning Assessor

    Listing provided courtesy of Morgan Skenderian. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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