Seller's Agent in 2024
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
1 in this area
65 Total Sales
10325 Lehigh Ave Montclair, CA 91763
6
Beds
5
Baths
12,701
Sq Ft
16,078
Sq Ft Lot
Highlights
- 0.37 Acre Lot
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- No HOA
- Laundry Room
About This Home
As of December 2024We are proud to present the Lehigh Apartments, a 13-Unit multifamily asset located at 10325 Lehigh Avenue in the city of Montclair. The property is located just 1-mile off the 10-fwy and adjacent to highly amenitized neighborhoods like city of Ontario, Claremont, Pomona, and Chino Hills. Some frequently travelled destinations within a 10- to 15-mile radius include The Shops at Chino Hills, Fox Amphitheater, Claremont Village, Ontario Mills Mall, Toyota Arena, and Victoria Gardens. More locally, tenants enjoy a short half-mile drive to Montclair High School and convenient access to retailers like Cardenas Markets, McDonalds, Jack in The Box, Dollar Tree, Family Dollar, In-N-Out, and much more. Lehigh Apartments is a 13-Unit multifamily asset with over ±12,700 SF of gross building area and sits on just over 16,000 SF of land. The property offers an excellent unit mix of one, 1-Bedroom/1-Bathroom, seven, 2-Bedroom/2-Bathroom, and five, 3-Bedroom/2-Bathroom apartments. The units average 830, 910, and 1,100 SF, respectively. Tenants enjoy property amenities like well-maintained landscaping, open courtyard, secure gated access, on-site parking, and an on-site laundry facility. A new buyer will achieve significant cash-on-cash returns by assuming the current debt on the property. With a down payment of only ±$1,600,000, a new buyer will assume a fixed rate of 3.68% until 2029 with interest only payments until 2027. This investment is a great opportunity for a new, seasoned, or exchange investor.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 0.37 Acre Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 12,701 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Parking
- 12 Parking Spaces
- 12 Carport Spaces
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 6381
- Assessor Parcel Number 1009501050000
- $1,803 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 13 Units
Amenities
- Laundry Facilities
Building Details
- 13 Leased Units
- Rent Control
- 13 Separate Electric Meters
- 13 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,140
- Fuel Expense $2,732
- Insurance Expense $7,800
- Maintenance Expense $9,100
- Other Expense $2,600
- Professional Management Expense $10,885
- Trash Expense $5,877
- Water Sewer Expense $11,862
- New Taxes Expense $40,745
- Operating Expense $99,761
- Gross Income $297,348
- Net Operating Income $188,667
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/30/2024 12/30/24 | Sold | $3,550,000 | -1.4% | $280 / Sq Ft |
| 10/28/2024 10/28/24 | Pending | -- | -- | -- |
| 10/11/2024 10/11/24 | For Sale | $3,600,000 | -- | $283 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $38,971 | $3,550,000 | $1,242,000 | $2,308,000 |
| 2024 | $23,255 | $2,121,339 | $747,395 | $1,373,944 |
| 2023 | $22,601 | $2,079,744 | $732,740 | $1,347,004 |
| 2022 | $22,302 | $2,038,965 | $718,373 | $1,320,592 |
| 2021 | $22,164 | $1,998,985 | $704,287 | $1,294,698 |
| 2020 | $21,774 | $1,978,487 | $697,065 | $1,281,422 |
| 2019 | $21,588 | $1,939,693 | $683,397 | $1,256,296 |
| 2018 | $21,289 | $1,901,660 | $669,997 | $1,231,663 |
| 2017 | $20,525 | $1,864,373 | $656,860 | $1,207,513 |
| 2016 | $19,713 | $1,827,816 | $643,980 | $1,183,836 |
| 2015 | $19,580 | $1,800,361 | $634,307 | $1,166,054 |
| 2014 | $18,970 | $1,765,095 | $621,882 | $1,143,213 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Chen
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24211611
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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