Waterton acquires 736-unit Terracina apartment community in Ontario, California

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Terracina in Ontario, California features 736 apartments, four swimming pools, two hot tubs, two fitness centers and two soccer fields with surrounding running tracks.

ONTARIO, CALIF. — Waterton has purchased Terracina, a multi-family property located at 3303 S. Archibald Avenue in Ontario. The 41.3-acre community will be renamed Citrine Hills. Terms of the transaction were not released.

Comprised of 46 two-story residential buildings, the 736-unit property features 288 one-bedroom, 128 two-bedroom/one-bath and 320 two-bedroom/two-bath units with an average unit size of 874 square feet. . The buyer plans to renovate the property, which was built in 1989, with updates to existing finishes throughout all residences. These features will include vinyl plank flooring, new carpets, stainless steel appliances, quartz countertops, and washers and dryers in every unit. The renovation program also includes improvements to common areas and to building and mechanical systems.

Community facilities include four swimming pools, two hot tubs, two fitness centers, two soccer fields with surrounding running tracks, two dog parks, a pet wash, outdoor barbecue areas, a tennis court, a business center, furnished terraces and water features throughout the grounds. In addition, the property has 84 garages and 801 carports.

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