10325 Lehigh Ave | Montclair, CA 91763
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- LoopNet Team
10325 Lehigh Ave
Montclair, CA 91763
Lehigh Apartments · Multifamily Property For Sale · 13 Units
Investment Highlights
- Attractive Assumable Financing – 3.68% Interest Only Debt with a Fixed Rate until June 2029 (IO Expires in 2027)
- Unit Mix Features Mostly Large 2-Bedroom/2-Bathroom and 3-Bedroom/ 2-Bathroom Units, Avg. 1,000 SF Each
- Well-Maintained Asset with Nearly 30% Loss-to-Lease | 7.24% CAP Rate & 9.55 GRM at Market Rents
- Excellent City of Montclair Location – Located just 1-Mile away from the 10 Freeway and Adjacent to Highly Amenitized Locations
- Phenomenal Day-1 Income – Property Boasts a Strong 5.2% CAP Rate & 12.11 GRM on Existing Rents
- Higher Allowable Annual Rent Increases of 5% + CPI – City of Montclair has No Local Rent Restricting Ordinances
PROPERTY FACTS
| No. Units | 13 | Lot Size | 0.37 AC |
| Property Type | Multifamily | Building Size | 12,701 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 0.92/1,000 SF |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 12,701 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.92/1,000 SF |
Unit Amenities
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,700 | 830 |
| 2+2 | 7 | $1,858 | 910 |
| 3+2 | 5 | $2,073 | 1,100 |
zoning
| Zoning Code | R-3, Montclair |
| R-3, Montclair |
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