AFFORDABLE HOUSING CONVERSION OPPORTUNITY | 1405 E 4th St
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AFFORDABLE HOUSING CONVERSION OPPORTUNITY 1405 E 4th St
50 Room Hotel Ontario, CA 91764 $9,000,000 ($180,000/Room)
Investment Highlights
- Potential tax credit property
- 50 Units within a 32,000 SF Building
- Proximity to Top Performing Grocery-Anchored Center
- Excellent Street Exposure very close to the Ontario Airport and popular retail establishments
- Well Maintained Property with Concrete Driveway on a 1 acre lot
Executive Summary
This affordable housing Conversion opportunity offers a three-story building with 50 rooms, located in a prime area near Ontario International Airport in Ontario, CA. Situated on a spacious 1-acre lot, the property spans 32,000 square feet, and was originally built in 1981. Given its strategic location and potential for further development, this project may qualify for tax credits, enhancing its financial appeal. The surrounding area is a growing hub with convenient access to transportation shopping, and dining, making it a fantastic investment for those looking to contribute to the affordable housing market in a thriving community.
Property Facts
| Price | $9,000,000 | Lot Size | 1.02 AC |
| Price Per Room | $180,000 | Building Size | 32,519 SF |
| Sale Type | Investment | No. Rooms | 50 |
| Sale Conditions | Redevelopment Project | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1987/2020 |
| Property Subtype | Hotel | Parking Ratio | 1.64/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | $9,000,000 |
| Price Per Room | $180,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 32,519 SF |
| No. Rooms | 50 |
| No. Stories | 3 |
| Year Built/Renovated | 1987/2020 |
| Parking Ratio | 1.64/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 50 | $105.00 | - |
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Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 0108-381-32 | Improvements Assessment | $6,346,440 |
| Land Assessment | $1,248,480 | Total Assessment | $7,594,920 |
PROPERTY TAXES
Parcel Number
0108-381-32
Land Assessment
$1,248,480
Improvements Assessment
$6,346,440
Total Assessment
$7,594,920
zoning
| Zoning Code | C2, Ontario (C2, City of Ontario is looking for Affordable Housing: Multifamily or Senior Housing. Please see Link below for Zoning Map.) |
| C2, Ontario (C2, City of Ontario is looking for Affordable Housing: Multifamily or Senior Housing. Please see Link below for Zoning Map.) |
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Henry Liu -
Michael Liu -
Alex Liu -
SPERRY - Gateway Group
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AFFORDABLE HOUSING CONVERSION OPPORTUNITY | 1405 E 4th St
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