Great Investment opportunity ! Classic Wedding Venue in Southern California $3,990,000

Great Investment opportunity ! Classic Wedding Venue in Southern California $3,990,000  (cap rate 8.4%)

 

This stunning property was built in 1904 / 0.93 Acre . A " HOME ATMOSPHERE " House with 9 bedroom/8 bath includes 9 fireplaces and basements which are using as bar-room , game-room, and dressing-room. Great location , only 2.2 miles away from Ontario international airport. Currently used as Popular Wedding Venue , cap rate from 2016-2017(7.8%) , 2017-2018 forecast(8.4%) , the opportunities with this property are endless.


- Classic Inn Used as Popular Wedding Venue
- 2017 Gross Revenue: Approximately $756,701

Rancho Cucamonga is a suburban city situated at the foothills of the San Gabriel Mountains in San Bernardino County, California. It is located 37 miles east of Downtown Los Angeles. The city's favorable location and host of public amenities have earned it numerous distinctions. Notably, Money Magazine ranked Rancho Cucamonga 42nd on its "Best Places to Live" list in 2006. All of the city's four public high schools earned the Silver distinction in a 2015 ranking of the nation's high schools by U.S. News & World Report. The city's proximity to major transportation hubs, airports, and highways has attracted the business of the nation's largest corporations including Coca-Cola, Nong Shim, Frito-Lay, and Amphastar Pharmaceuticals.