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Chuck Lamm

chuck.lamm@engelvoelkers.com +1(818) 652-2876

$ 3,600,000

Est. payment -/mo

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Pending

10325 Lehigh AVE Montclair, CA 91763

12,701 SqFt

UPDATED:

10/28/2024 07:20 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 12,701 sqft

Price per Sqft $283

MLS Listing ID CV24211611

HOA Y/N No

Year Built 1962

Lot Size 0.369 Acres

Property Description

We are proud to present the Lehigh Apartments, a 13-Unit multifamily asset located at 10325 Lehigh Avenue in the city of Montclair. The property is located just 1-mile off the 10-fwy and adjacent to highly amenitized neighborhoods like city of Ontario, Claremont, Pomona, and Chino Hills. Some frequently travelled destinations within a 10- to 15-mile radius include The Shops at Chino Hills, Fox Amphitheater, Claremont Village, Ontario Mills Mall, Toyota Arena, and Victoria Gardens. More locally, tenants enjoy a short half-mile drive to Montclair High School and convenient access to retailers like Cardenas Markets, McDonalds, Jack in The Box, Dollar Tree, Family Dollar, In-N-Out, and much more. Lehigh Apartments is a 13-Unit multifamily asset with over ±12,700 SF of gross building area and sits on just over 16,000 SF of land. The property offers an excellent unit mix of one, 1-Bedroom/1-Bathroom, seven, 2-Bedroom/2-Bathroom, and five, 3-Bedroom/2-Bathroom apartments. The units average 830, 910, and 1,100 SF, respectively. Tenants enjoy property amenities like well-maintained landscaping, open courtyard, secure gated access, on-site parking, and an on-site laundry facility. A new buyer will achieve significant cash-on-cash returns by assuming the current debt on the property. With a down payment of only ±$1,600,000, a new buyer will assume a fixed rate of 3.68% until 2029 with interest only payments until 2027. This investment is a great opportunity for a new, seasoned, or exchange investor.

Location

State CA

County San Bernardino

Area 685 - Montclair

Zoning R-3

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 12

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 12

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 1009501050000

Energy Description 2732.0

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan

Special Listing Condition Standard

Listed by ERIC CHEN • CB RICHARD ELLIS • 626-757-5717

Chuck Lamm

Broker Associate | License ID: 00857151

+1(818) 652-2876

Chuck Lamm

10325 Lehigh AVE Montclair, CA 91763

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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10325 Lehigh AVE