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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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1429 N Grove Avenue Ontario, CA 91764
$9,500,000 0 beds, 0 baths
26, 624 sqft
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Photo of Iris Hirsch

Iris Hirsch REALTORĀ® - Sales Associate 858-945-8198 m
858-259-6400 o
Lic#: 01324008
NRDS ID: 474004056
iris@irishirsch.com
Text Me
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Lic#: 01324008
NRDS ID: 474004056
iris@irishirsch.com
Del Mar Office
3790 Via De La Valle, Ste, 201
Del Mar, CA 92014
Phone: 858-259-6400
Fax: 858-481-1483
Del Mar 3790 Via De La Valle, Ste, 201
Del Mar, CA 92014
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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26857999
List price is $9,500,000
Beds: 0
Baths: 0
Built in 1990
26,624 sqft
2 stories
1.67 acres
Lot size: 1.6700
County: San Bernardino
Appliances: Dishwasher,Dryer,Washer
Parking description: Door-Multi,Garage
Heating/cooling: Central Air
Heating description: Central
MLS area: 686 - Ontario

Last Updated: 7/16/2026

 Find more Ontario homes and real estate

 Find more homes in 91764 zip code

This listing belongs to the 686 - Ontario MLS area

Lat/Long: 34.084301, -117.629242.
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Listing Agent: Nicholas Hayner
Lic#: 01324008
Office Name: Del Mar

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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Photo of Iris Hirsch

Iris Hirsch REALTORĀ® - Sales Associate 858-945-8198 m
858-259-6400 o
Lic#: 01324008
NRDS ID: 474004056
iris@irishirsch.com
Text Me
Call My Cell
Call My Office
Lic#: 01324008
NRDS ID: 474004056
iris@irishirsch.com

Del Mar Office
3790 Via De La Valle, Ste, 201
Del Mar, CA 92014
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