1092 E Nocta Street, Ontario, California 91764, Ontario, 91764 - bed, bath
ACTIVE$1,549,900
1092 E Nocta Street, Ontario, California 91764
0Bed
0Bath
6,096Sqft
19,543Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: As a 4-Plex in a desirable neighborhood, the property is explicitly marketed for its 'Great lease income potential,' offering multiple revenue streams.
Top Cons:
Property Age & Condition: Built in 1963, the property is over 60 years old, suggesting a high likelihood of requiring significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general renovations to meet modern standards.
Compared to the nearby listings
Price:$1.55M vs avg $825.0K (+$724,900)89%
Size:6,096 sqft vs avg 1,994 sqft89%
Price/sqft:$254 vs avg $36811%
More Insights
Built in 1963 (62 years old).
Condition: Built in 1963, this property is over 60 years old. The images reveal extremely dated interiors, particularly in the kitchen and bathroom, which appear to be original or from a very early renovation (50+ years ago). The kitchen features old, worn cabinets and dated flooring, while the bathroom has an old vanity and small, outdated tiles. The overall condition suggests significant deferred maintenance and a complete lack of modern updates. The property analysis confirms the need for 'significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general renovations to meet modern standards,' aligning with the 'Poor' category's requirement for substantial repairs and rehabilitation of major components.
Year Built
1963
Close
-
List price
$1.55M
Original List price
$1.6M
Price/Sqft
$254
HOA
-
Days on market
-
Sold On
-
MLS number
CV24181436
Home ConditionPoor
Features
View-
About this home
4-Plex available in a very desirable neighborhood! Great lease income potential!
Condition Rating
Poor
Built in 1963, this property is over 60 years old. The images reveal extremely dated interiors, particularly in the kitchen and bathroom, which appear to be original or from a very early renovation (50+ years ago). The kitchen features old, worn cabinets and dated flooring, while the bathroom has an old vanity and small, outdated tiles. The overall condition suggests significant deferred maintenance and a complete lack of modern updates. The property analysis confirms the need for 'significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general renovations to meet modern standards,' aligning with the 'Poor' category's requirement for substantial repairs and rehabilitation of major components.
Pros & Cons
Pros
Strong Income Potential: As a 4-Plex in a desirable neighborhood, the property is explicitly marketed for its 'Great lease income potential,' offering multiple revenue streams.
Multi-Unit Investment: The quadruplex structure provides diversified rental income, reducing risk compared to single-unit investments and appealing to serious investors.
Desirable Neighborhood: Located in a 'very desirable neighborhood,' which typically translates to higher tenant demand, stable occupancy, and potential for property value appreciation.
Generous Lot Size: The substantial 19,543 sqft lot offers potential for future expansion, additional amenities, or enhanced outdoor living spaces, adding long-term value.
Strategic Location: Situated in Ontario, a key city in the Inland Empire known for its economic growth, logistics industry, and relative affordability, attracting a steady tenant base.
Cons
Property Age & Condition: Built in 1963, the property is over 60 years old, suggesting a high likelihood of requiring significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general renovations to meet modern standards.
Limited Financial Transparency: The listing lacks specific details on current rental income, unit configurations (beds/baths), or individual unit conditions, necessitating extensive due diligence for accurate financial projections.
Significant Capital Outlay: With a list price of $1,549,900, this property represents a substantial upfront investment, potentially limiting the pool of prospective buyers to those with significant capital or access to large-scale financing.