San Bernardino, Residential Income – 4205 Evart St, Montclair, CA 91763, USA -001-11-30T00:00:00-08:00
The Evart Street Apartments are located on the south side of Evart Street between Kingsley Street and Orchard Street. With the nearest major cross street being Mills and Holt Avenue, this unique and rare multifamily property is situated a quiet corner lot s
4205 Evart St, Montclair, CA 91763, USA
$8,995,000 USD
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Address4205 Evart Street, Montclair
Price$8,995,000
Year Built1961
Bedrooms Total0
Living Area34,212 ft2
Lot Size (Sq.Ft.)67,082
Listing IDCV17082365
StatusActive
Parcel Number1009383060000
ZoningR-3
Special ConditionsStandard
Days on Market5

Detailed Description: The Evart Street Apartments are located on the south side of Evart Street between Kingsley Street and Orchard Street. With the nearest major cross street being Mills and Holt Avenue, this unique and rare multifamily property is situated a quiet corner lot surrounded by Single Family Residences. It is walking distance to Lehigh Elementary and Montclair High Schools while being only 3 miles from the prestigious Claremont Colleges.   Built in 1961, the Evart Street Apartments consist of two contiguous parcels.  Current ownership has completed extensive renovations with additional rental upside. Interior and exteriors renovations include new paint, flooring, appliances, bathrooms, kitchens, landscaping, and barbecues in common areas. The Evart Street Apartments are a stable income-producing, value-add property and a long-term investment. It is located in a desirable, non-rent controlled area and offers growth and stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or 1031 exchange opportunity.

Pool Private
Rent Control
Property Attached
Land Lease

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Address Information
Address4205 Evart Street, Montclair
Street SuffixStreet
CityMontclair
Location (MLS Area)699 – Not Defined
County Or ParishSan Bernardino
State or ProvinceCalifornia
Postal Code91763
Postal Code Plus43513
CountryUnited States
Financial Information
Price per Square Foot$262.92
Price per Lot Square Foot$134.09
Special ConditionsStandard
Total Expenses$319,227
Professional Management Expense$63,153
Operating Expense$319,227
Insurance Expense$8,028
Pool Expense$3,600
Electric Expense$28,884
Water Sewer Expense$28,884
Trash Expense$28,884
Other Expense DescriptionRRM
Other Expense$51,000
Gross Income$818,544
Gross Scheduled Income$818,544
Net Operating Income$458,389
Total Actual Rent$67,423
Tax Year2017
Tax Lot22
New Taxes Expense$98,644
Full Descriptions
Parcel Number1009383060000
Detailed DescriptionThe Evart Street Apartments are located on the south side of Evart Street between Kingsley Street and Orchard Street. With the nearest major cross street being Mills and Holt Avenue, this unique and rare multifamily property is situated a quiet corner lot surrounded by Single Family Residences. It is walking distance to Lehigh Elementary and Montclair High Schools while being only 3 miles from the prestigious Claremont Colleges.   Built in 1961, the Evart Street Apartments consist of two contiguous parcels.  Current ownership has completed extensive renovations with additional rental upside. Interior and exteriors renovations include new paint, flooring, appliances, bathrooms, kitchens, landscaping, and barbecues in common areas. The Evart Street Apartments are a stable income-producing, value-add property and a long-term investment. It is located in a desirable, non-rent controlled area and offers growth and stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or 1031 exchange opportunity.
Lot FeaturesCorner Lot
Community FeaturesCurbs, Sidewalks, Street Lighting
Water SourcePublic
Common Walls Description2
Pool FeaturesCommunity Pool, In Ground
Property parameters
Year Built1961
Living Area (Sq.Ft.)34,212 ft2
Lot Size (Sq.Ft.)67,082
Lot Size SourceAssessor
Number of Buildings8
Number of Units Leased68
Number of Units Total68
ZoningR-3
Parking Spaces55
Uncovered Spaces14
LevelsTwo
Carport Spaces41
Water SourcePublic
Units Total68
Year Built SourceAssessor
Number of Separate Electric Meters51
Number of Separate Gas Meters33
Listed withERIC CHEN (CB RICHARD ELLIS)