Property Description

We are pleased to exclusively present a premier multifamily investment opportunity at 7440 Carnelian Street in Rancho Cucamonga, CA, offering a well-positioned asset in one of the Inland Empire's most sought-after residential submarkets. 7440 Carnelian Street sits on an ±8,400 square foot lot with a total rentable area of ±3,746 square feet. The property presents a diverse unit mix of one 2-bedroom/1-bathroom unit, one 2-bedroom/2-bathroom unit, and two 3-bedroom/2-bathroom units, averaging 938 square feet per unit. Interiors have been updated throughout, featuring new vinyl plank wood flooring, upgraded kitchen and bathroom cabinetry, updated fixtures, fully equipped kitchens with appliances, recessed lighting, and upgraded bathrooms. Select units include a private patio or porch, and all units are outfitted with security screen doors and individual wall air conditioning and heating. The front 3-bedroom unit features a brick fireplace, adding a distinctive character element rarely found in similarly sized assets. The property is well-maintained with lush, mature landscaping throughout, an on-site laundry room, and ample carport and surface parking. 7440 Carnelian Street is ideally situated in North Rancho Cucamonga, bordering Upland, providing residents with a quiet residential atmosphere while offering immediate access to the I-210 and I-15 freeways for seamless regional commuting. The Metrolink Rancho Cucamonga Station is conveniently nearby, offering tenants direct rail connectivity to Los Angeles Union Station and positioning the property as an ideal choice for transit-oriented renters. This strategic corridor along the 210 freeway makes the property equally accessible to employment centers across San Bernardino and Los Angeles counties. 7440 Carnelian Street is a stable asset in one of North Rancho Cucamonga's most established residential neighborhoods. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value in a premier Inland Empire investment market.

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Property Details