9669 Eighth Street, Rancho Cucamonga, CA 91730
- $2,499,900
- List Price
- $2,499,900
- Status
- ACTIVE
- MLS#
- CV26125123
- Year Built
- 1940
- Lot Size
- 65,336
- Acres
- 1.50
- Lot Location
- Corner Lot, Lot Over 40000 Sqft, Value In Land
- Days on Market
- 46
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
* Opportunity * This property has a unique combination of features that make it highly desirable in the current market. Primary is the 5 free-standing, 2-bedroom residential homes with attached garages and fenced in back yards. One home has recently installed roof. Each home is leased at below-market rates, so there's upside potential. The huge 1.5 Acre lot premium is significant for future potential development and elevates the property's overall ceiling. This versatile space is zoned Center 1, which is suitable for Mixed Use, and is an ideal investment for diverse business opportunities including residential above ground-floor professional spaces, retail, and services among other permitted uses. City code allows for "building heights up to 4 stories, compact and connected environment, medium intensity development." The strategic location offers easy access to major roadways, Metrolink station with direct rail link to Union Station in Downtown LA, rail hubs, premier shopping venues such as Victoria Gardens, lifestyle amenities such as Wineries and fine dining venues, the EpiCenter Stadium & Sports Complex, Toyota Arena & Events Center, nearby Ontario International Airport, all set amidst award winning schools, colleges and trade schools. It's truly an incredible blend of suburban convenience, stunning mountain backdrops and top-tier amenities that translate directly into high tenant demand, premium rental rates and strong long-term property appreciation. The economic profile for 9669 Eighth Street is incredibly robust with a high potential to achieve a high Cap rate. The blend of high-earning professionals, the solid stability of the local healthcare and logistics industries makes this a high-demand area for savvy Mixed Use investors. The Seller, Agents and Brokers make no representations or warranties regarding the accuracy or completeness of the information provided in this listing. Buyers are encouraged to conduct their own due diligence and verify all allowed uses, zoning and details related to the property prior to making any decisions.
Additional Information
- Heat
- Floor Furnace, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Operating Expense
- 34578
Listing courtesy of Listing Agent: Blanca Arellano-Adams (blancastransactions@gmail.com) from Listing Office: Elevate Real Estate Agency.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.