904 S Palmetto, Ontario, CA 91762
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904 S Palmetto Ontario, CA 91762

$3,800,000
  • 19 Beds
  • 14 Baths
  • 8,565 Sq.Ft.
For Sale
$3,800,000 Get Pre-Qualified

Property Overview: 904 S Palmetto Ontario, CA has 19 bedrooms, 14 bathrooms, 8,565 living square feet and 20,037 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Highlights: - Condominium units were completed in 2023, stand empty, never occupied. The units are available for immediate occupancy! - ProForma CAP Rate of 3.90% / 2023 Construction / Private Rear Yards / Balconies / All units have attached 2-car garages. - Condo-mapped property with individual APNs / Individually Metered for all utilities. - Highly Upgraded Property With Modern Amenities & Luxury Finishes. / Dual pane Windows - High demand rental area with rental projection between $3,200/unit - $3,600/unit. - Contact Le Investment Group For The Complete Offering (909)256-7889 Le Investment Group is pleased to welcome the Palmetto 5 Condominiums, a meticulously crafted property nestled in the heart of Ontario, a vibrant city in the southwest corner of San Bernardino County, part of the dynamic Inland Empire. Boasting a fully condo mapped structure with five separate APNs, this property offers a unique opportunity for individual ownership or investment. The front unit is the original single-family home, constructed in 1920 and completely remodeled from floor to ceiling in 2023. The home feature three bedrooms, two full bathrooms, an attached two-car garage, and approximately 1,272 square feet of living space, this home has all the modern comfort while retaining its historic charm. Ideal for an owner-occupier seeking a blend of character and contemporary living. This unit would make an ideal owner-residence or excellent onsite managers unit. Located at the rear of the property are four newly constructed condominium units, completed in 2021, these residences feature four bedrooms, three bathrooms, and an array of high-quality finishes throughout. Spread across three levels, each unit boasts a spacious floor plan ranging from 1,675 to 1,961 square feet, offering ample room and layouts for various tenant types.

Listed by ALBERT LE | BRE #01468313 | LE INVESTMENT GROUP
Last checked: 10 minutes ago | Last updated: June 14th, 2024 | Source CRMLS | DOM: 5
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Home details

Lot Sq. Ft
20,037
HOA Dues
$0/mo
Year built
2023
Garage
10 Car
Property Type:
Condominium
Status
Active
MLS#
IV24119952
City
Ontario
County
San Bernardino
Time on Site
4 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,350
  • Total Rent: $3,350
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,700
  • Total Rent: $3,700
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,600
  • Total Rent: $3,600
  • Pro Forma/Market Rent: $3,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.9%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $216,000
  • Net Operating Income: $148,339
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $61,181
  • Electric: $600
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $6,000
  • Professional Management: $8,313
  • Water/Sewer: $0

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Property Details for 904 S Palmetto

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, ENERGY STAR Qualified Equipment
Heating Information
  • Has Heating
  • Central, ENERGY STAR Qualified Equipment
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • Has Fireplace
  • Den
Room Information
  • Flooring: Vinyl
Kitchen Information
  • Has Appliances
  • 6 Burner Stove, Barbecue, Built-In Range, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, High Efficiency Water Heater
Interior Features
  • 2 Staircases
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 10
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Garage - Two Door
Lot Information
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 1011413340000
  • Year Built Source: Seller
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: S Palmetto Avenue
Neighborhood Information
  • Community Features: Storm Drains, Street Lights
View more facts & features

Local Ontario Agent

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Sale History for 904 S Palmetto

View property's historical transactions
  • June, 2024

  • Jun 13, 2024

    Date

    Active

    CRMLS: IV24119952

    $3,800,000

    Price

Tax History for 904 S Palmetto

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

904 S Palmetto is listed 475.77% higher than the median list price for the city of Ontario which has a median list price of $659,990. The median price per/sqft for Ontario is $425 and this home is listed at $443.67 per/sqft which puts the price per square foot 4.39% higher than the median price per square foot for the city of Ontario.

About 904 S Palmetto

Detailed summary of property

904 S Palmetto is a condominium located in Ontario, CA 91762 and is currently for sale. This condo offers 19 bedrooms, 14 bathrooms, roughly 8,565 living square feet, and sits on an approximately 20,037 square foot lot. 904 S Palmetto was first listed on ArdentRealEstateGroup.com on June 13, 2024. The homeowner is currently asking $3,800,000. The median priced home in Ontario is $659,990 with a median price per square foot of $425. Based on Ardent Real Estate Group's Ontario Market Data, this home is listed 475.77% higher than the median priced home. While the average home in Ontario, CA is selling in 52 days, 904 S Palmetto has a days on market of 5 days. There are currently 309 homes for sale in the Ontario real estate market and 185 of them are single family homes while 101 of them are condos and 23 are townhomes. For more information on this home for sale at 904 S Palmetto Ontario, CA 91762 contact Ardent Real Estate Group and we will put you in touch with one of our Ontario agents.

Public Facts for 904 S Palmetto

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

91762 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$700,000
Median List Price/Sq.Ft.
$420
Median Sold Price
$664,108
Median Sold Price/Sq.Ft.
$414
Total Inventory
100
Median Sale to List Price %
98.97%
Avg Days on Market
35
Loan Type
Conventional (60.98%), FHA (7.32%), VA (0%), Cash (26.83%), Other (4.88%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.