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10 CAP/Senior/Senior Care/Affordable Living 1120 E Holt Blvd

65 Unit Apartment Building $9,100,000 ($140,000/Unit) Ontario, CA 91761

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Investment Highlights

Potential Tax Credit Property - 10 Years Plus Ownership
NO FRANCHISE FEE or FLAG - Independent
1988 Construction

Existing 10 CAP with Regional Guest
Well Maintained Property with Concrete Driveway
No Need to Upgrade/Renovate Building Interiors - 'End Product' at Time of Purchase!

Executive Summary

IN PLACE POTENTIAL 10 CAP/POTENTIAL TAX CREDITS FOR BUYER!
Introducing an Affordable Housing Conversion Opportunity in Ontario, CA. This 20,207 SF building, well maintained with a concrete driveway, houses 65 Rooms, presenting an ideal setup for Affordable Housing. Built in 1988, this property boasts excellent street exposure, offering high visibility and strategic positioning in a path of progress. Its prime location near Ontario Airport and retail establishments underlines its desirability. With the potential for tax credits and a strong foundation for long-term ownership, this property represents a promising venture for investors seeking a lucrative foothold in the vibrant hospitality sector.
PLEASE DO NOT DISTURB THE CURRENT MANAGEMENT. ALL SHOWINGS ARE TO BE BY APPOINTMENT AND THROUGH THE LISTING AGENT LUIS VAZQUEZ AT 310-704-9109

Mayfair - Advertising - November 2024

Property Facts In Escrow

Price	$9,100,000	Lot Size	1.04 AC
Price Per Unit	$140,000	Construction Status	Proposed
Sale Type	Investment	Building Size	20,207 SF
No. Units	65	No. Stories	2
Property Type	Multifamily	Parking Ratio	3.07/1,000 SF
Property Subtype	Apartment Multifamily Dormitory	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	$9,100,000
Price Per Unit	$140,000
Sale Type	Investment
No. Units	65
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Building Class	C
Lot Size	1.04 AC
Construction Status	Proposed
Building Size	20,207 SF
No. Stories	2
Parking Ratio	3.07/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.