AFFORDABLE HOUSING CONVERSION OPPORTUNITY | 1405 E 4th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
AFFORDABLE HOUSING CONVERSION OPPORTUNITY 1405 E 4th St
50 Unit Apartment Building $9,000,000 ($180,000/Unit) Ontario, CA 91764
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 | Property Subtype | Apartment |
| Price Per Unit | $180,000 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | B |
| Sale Conditions | Redevelopment Project | Construction Status | Proposed |
| No. Units | 50 | Building Size | 32,519 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Price | $9,000,000 |
| Price Per Unit | $180,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Construction Status | Proposed |
| Building Size | 32,519 SF |
| No. Stories | 3 |
1 of 1
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.) |
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
AFFORDABLE HOUSING CONVERSION OPPORTUNITY | 1405 E 4th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.