10262 Rose Ave, Montclair, CA 91763

Property Description

Awesome four units, two duplexes, two separate one story buildings on two lots, total 15,960sf, to be sold together. Four separate street numbers 10262, 10264, 10272 and 10274 Rose Ave, Montclair, CA 91763. Each of the four units is a 2BR/1BA, 900sf+ each, unlike typical apartment units, all four units have its own fireplace & each unit also has its own large fenced yard!! More like a home than a multi-family building!
 
 Tenants and occupants will feel like living in a home rather than in an apartment, children will have extra safe places to play and dogs can be allowed and be contained in the fenced yards. Four one-car garages and plenty of onsite parking plus street parking. Rent accordingly would be higher than comparable apartments without such amenities and niceties.
 
 Quite neighborhood, close to freeway and major shopping areas. The Montclair Plaza, Costco, Montclair Town Center, Target, Wal-Mart Supercenter, Home Depot, the Saratoga Park and the Kingsley Park and the Edwards Cinema 14 complex are all within about a one mile radius.
 
 First-time home buyer/investor can live in one home-feeling unit completed with fireplace, large fenced yard and garage and rent the other three units for additional income, and at the same time capitalizing on a 30-year fixed mortgage with close to 117-year historic low interest rates. All four units are below fair market rent, an immediate upside potentials! High 13.9 GRM! and an excellent 6.19% Cap!! Seller is doing a 1031 exchange.