New

$9,500,000

For Sale

13 hours ago

1429 N Grove Avenue, Ontario, CA

Name: 1429 N Grove Avenue, For Sale in Ontario - eXp Realty
Brand: Maywood Property Group
SKU: 26857999
Price: 9500000 USD

House

MLS® 26857999

0 Bed

0 Bath

26624 sqft

52 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 26624 sqft

Garage Yes

Taxes

Days Active 0

Lot Size 1.67 Acres

Approx. Age 1990

Avg. Price Per Sqft $356

MLS® Number 26857999

Property Address: 1429 N Grove Avenue, Ontario, CA, 91764

Average square foot calculated using Size range provided by listing agent.

Description

1429 N. Grove Avenue, a well-maintained 26-unit apartment community in the strong and supply-constrained Ontario rental market. Built in 1990, the property offers a highly desirable, family-oriented unit mix consisting exclusively of three-bedroom, two-bathroom residences, averaging more than 1, 000 square feet each, a rare configuration that caters to long-term tenants seeking the functionality and privacy of a single-family home with the convenience of apartment living.Situated on an expansive 72, 745 square-foot (1.67-acre) site, the property contains approximately 26, 624square feet of improvements and provides residents with an exceptional parking profile: two-car garages for each unit, plus surplus on-site parking. Recent capital improvements materially reduce near-term ownership risk and include new roofs with transferable warranties, individual water heaters, 12 newly installed HVAC units, and new automatic security gates.The asset is positioned for both durable in-place cash flow and continued operational upside. With no local rent control, ownership benefits from greater flexibility to align rents with market conditions while maintaining a tenant base drawn to the property's oversized floor plans, garage parking, central air conditioning, and secure community setting. The offering is being presented at an attractive going-in cap rate in excess of 6.7%, providing investors immediate yield in a Southern California market where comparable newer-vintage, low-density multifamily assets remain difficult to replicate.Ideally located near Ontario Mills, the property offers convenient access to major retail, dining, entertainment, and employment centers. It is also located approximately three miles from OntarioInternational Airport and provides efficient access to the I-10 freeway, connecting residents throughout the Inland Empire and greater Southern California.

MLS® Number26857999

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1990

Basement

DrivewayDoor Multi, Garage

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 9, 2026List Date

$9,500,000List Price

Commute

Commute

Starting Address

Destination Address

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