Vista Court Apartments 8951 Monte Vista Ave 23 Unit Apartment Building $15,306,500 CAD ($665,500 CAD/Unit) 4.14% Cap Rate Montclair, CA 91763

SGV+ Multifamily of Compass Commercial Inc., as the Exclusive Listing Agent, is proud to present Vista Court Apartments – an exquisitely-designed, 23-unit, luxury apartment community located at the heart of Montclair, CA.
Vista Court Apartments is located at 8951 Monte Vista Ave at the highly amentized corner of Arrow Highway and Monte Vista Ave, where highly desirable communities of Montclair, Claremont, and Upland merge. The property is located just 1-block from Montclair Metro Station to the North and Montclair Place Shopping Center to the south. Tenants benefit from having access to a variety of retailers and dining options like Target, Home Depot, Costco, LA Fitness, Golds Gym, Moreno Street Market Food Hall, Olive Garden, Applebee’s Chilis and many more options. Tenants also enjoy being a short 5-to-10-minute drive to frequently-travelled places like Downtown Claremont, Claremont Colleges, Victoria Gardens, Toyota Arena, and a large selection of employers found one city over in the City of Ontario, the employment hub of the Inland Empire.
Vista Court Apartments was meticulously designed with modern-luxury features to serve the tenants within its community. Tenants at Vista Court enjoy a plethora of high-level features like gourmet kitchens with stainless steel appliances, rectangular undermount sinks with high arching faucets, quarts countertops in kitchen and bathrooms, waterproof wood plank flooring, modern bathroom with oversized tubs, in-unit washer and dryer in every unit, central AC, double-pane energy-efficient windows, recessed lighting, and large outdoor patio or balcony in every unit. Throughout the community, tenants enjoy access to assigned secured parking, a +/-700 SF community room equipped with a kitchen, bathroom, and entertainment area for hosting, outdoor BBQ & picnic area, and ample open green space.
Vista Court features 23 large apartment homes with 18 unique floorplans. The property offers 28,258 SF of rentable building area and spans across a generous 28,280 SF site. The property consists of 12, 1-Bedroom/1-Bathrooms, 2, 2-Bedroom/2-Bathrooms, and 9, townhouse-style 2-Bedroom/2.5-Bathroom apartment homes - averaging 725, 1,070, and 1,090 SF, respectively. Currently the property produces nearly $682,000 in annual rental income. Although the building was only built in 2021, rent growth in the city Montclair has grown nearly 2.5% YOY since initial lease up, creating 10% rental upside for a new seasoned investor to capture on a well-built community. Additional revenue stream from on-site parking, storage, and the community room. An experienced investor will recognize the opportunity to preserve the investment’s NOI through RUBS and other forms of aggressive management processes.
A new investor also has the option to assume the seller’s existing loan from Umpqua Bank. The principal balance to assume is approx. $5,870,000. With the assumption of the balance, an investor assumes the note’s below market interest rate of 4.04% which is fixed until November 2029.
Vista Court Apartments is an excellent opportunity for an experienced investor or high net worth family who recognizes the benefit of owning a prime, new construction apartment asset within a community that has a proven track record of creating upside.
*Contact Listing Agent for Offering Memorandum