The Mogharebi Group | Multifamily Investment Advisory

Property Summary

Price	Call for Details
Units	55
Year Built	1985

Investment Highlights

Rare Townhome Style Units w/ W&D and Direct Garage Access
Immediate Rental Upside Through Two-Bedroom Conversions
Significant ADU Upside
Fully Condo Mapped Providing Alternate Exit Option
Prime Location with Easy Access to Major Freeways and Airport
Strong Ontario Market Fundamentals

Property Description

The Mogharebi Group is pleased to present the opportunity to acquire Charlmont Village, a 55-unit, condo-mapped community located at 1625 East G Street in Ontario, California. Charlmont Village is positioned between East G Street and East H Street, near North Grove Avenue in Ontario, California. The property provides the option of being transitioned to for-sale condominiums or continue to be operated as townhome rentals. Each townhome sits in its own quiet and private environment with its own assessor’s parcel number, currently there is no condominium association in-place, and no individual homes have ever been sold.

Ontario boasts a strong rental market and is recognized as one of the fastest-growing cities in the Inland Empire, serving as a key economic hub for the region. Charlmont Village benefits from convenient access to major retailers including Target, Stater Brothers, Costco Business Center, Rite Aid Pharmacy, as well as popular restaurants and destinations such as Ontario Mills Mall, Ontario Convention Center, Toyota Arena, and Ontario International Airport. Charlmont Village has immediate proximity to Interstates 10, 15, and 60, as well as easy access to the Ontario-East Metrolink Station, providing connectivity to Inland Empire, Orange County, Los Angeles County and beyond.

Charlmont Village comprises 12 two-story buildings and offers a mix of two-, three-bedroom, along with one four-bedroom unit floorplans, with an average unit size of 1,130 square feet. Unit amenities include private attached garages, in-unit washer & dryer, walk-in closets, and landscaping services. Community amenities include a swimming pool, fenced front yards, and walkways. As current ownership constructs four freestanding ADUs averaging 1,872 square feet, the property is primed to maximize significant investment potential.

1625 East G Street
Ontario, CA 91764

Situated in California’s Inland Empire, Ontario is the third-largest city in San Bernardino County and is known for its logistics and transportation industries. Ontario is positioned 35 miles east of downtown Los Angeles and 23 miles west of downtown San Bernardino; this makes it well-positioned to take advantage of the employment, entertainment, and educational centers throughout the region. Ontario’s easy access to regional amenities is aided further by a robust matrix of interstate highways and state routes, most notably Interstate 10. Ontario is located in the Riverside-San Bernardino-Ontario Metropolitan Statistical Area (MSA), regularly recognized for its rapid growth and diverse economy