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12785 Monte Vista Ave, Chino, CA, 91710

$1,195,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
4 Baths
2,340 SqFt
$511/SqFt
House

Location

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12785 Monte Vista Ave, Chino$1,195,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1938
MLS #24462645
Lot Size0.15 Acres
StatusActive

About 12785 Monte Vista Ave

We are pleased to present 12785 Monte Vista Avenue, a rare 4-unit multifamily property located in the desirable city of Chino, California. The property features an ideal unit mix of three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, totaling 2,340 square feet of living space. All units are single-story and situated in a quiet residential neighborhood, offering a peaceful living environment for tenants. The property sits on a 6,500-square-foot corner lot, consisting of two duplexes, each with garage parking and additional open parking spaces. All units are separately metered for gas and electricity, helping reduce operating expenses for the owner. Currently operating at a 5.04% cap rate, the property has 27.4% upside in rents, with market rents supporting a 7.01% pro forma cap rate. This investment is positioned in a highly supply-constrained market, with only two comparable 2-4 unit properties sold this year and fewer than 50 fourplexes in the entire city. Opportunities to acquire multifamily assets in Chino are limited, which ensures strong long-term value retention for investors. The property offers excellent access to major transportation routes, including the 60 and 71 Freeways, providing direct connections to Ontario International Airport, Chino Hills Shopping Center, and key employment centers across the Inland Empire. Residents also benefit from nearby local shops, restaurants, and entertainment options, making this an attractive location for long-term tenants seeking both convenience and comfort.

Property Details

Property Features

Property Information:

  • Year Built: 1938
  • Stories: 1
  • Living Area: 2,340 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Oscar Diaz

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 7

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Other

Directions Information:

  • Directions: To reach 12785 Monte Vista Ave in Chino, take I-10 E from Los Angeles, exit at Central Ave, and head south. Turn left onto Walnut Ave, then right onto Monte Vista Ave. Continue for about 0.5 miles; the destination will be on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,195,000
  • Price Per SqFt: $511/SqFt

Tax Information:

  • Annual Amount: $3,549
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Chino, CA.

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Chino, CA

City

Med. Sold Price

$742.7K

Med. Price/SqFt

$401

Avg. Days On Market

24

# of Sold Homes

61

12785 Monte Vista Ave vs Chino

1 DAY ON ROCKET

-23 Days

$1,195,000

+$452.2K More

$511/SqFt

+$110 More

KEY TAKEAWAY

This property is $452.2K more than the Median Sold Price and $110/SqFt more than other homes in Chino, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24462645

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Oscar Diaz

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 24, 1989Home Sold
$180,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,549$312,071
2020$3,443$308,871
2019$3,369$622,200
2018$3,309$296,868
2017$3,096$291,047

History based on county public records data.

Payment Calculator

$6,032

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,649

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-164984
6
/10

  • Anna A. Borba Fundamental Elementary School

  • 4980 Riverside Dr

  • 0.24 miles

  • Public District Grades KG-6

school-card-donut-164985
5
/10

  • Walnut Avenue Elementary School

  • 5550 Walnut Ave

  • 0.90 miles

  • Public District Grades KG-6

school-card-donut-164986
7
/10

  • E. J. Marshall Elementary School

  • 12045 Telephone Ave

  • 0.97 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,768. Typical income of Chino, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 12785 Monte Vista Ave

What is the listing price of this property?

The listing price of 12785 Monte Vista Ave property is $1,195,000.

What type of property is this?

The property 12785 Monte Vista Ave is a house located in Chino, California, 91710.

Is this property for sale now?

Active Listing: 12785 Monte Vista Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,549 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 24, 1989 for $180,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 12785 Monte Vista Ave has 7 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 12785 Monte Vista Ave is 2,340 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 12785 Monte Vista Ave is 1938.

Rocket Homes›California›San Bernardino County›Chino›91710›12785 Monte Vista Ave

This home is located at 12785 Monte Vista Ave in Chino, CA and zip code 91710. This 2,340 square foot home, which was built in 1938, sits on a 0.15 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $1,195,000.

In October 2024 more than 31 listings in Chino, CA were sold above the asking price. During the same period more than 16 listings were sold at asking price, while more than 14 were sold below. The inventory of homes for sale in Chino, CA between September 2024 and October 2024 decreased by 2.3%. Listings spent 24 days on the market in October 2024, and had a median list price of $742,750 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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