
Ontario, California 91764
This Multi-Unit Residential Income Asset represents a Prime Investment Opportunity, with a List Price of $1,500,000 positioned well below the $1,546,099 Fair Market Value by 2%. This valuation provides $46,099 in Instant Equity. Featuring a Condition Rating of 3, the property includes three 2-bedroom units with private patios and significant capital improvements to the front building. The expansive 11,088 sq ft lot offers substantial development upside. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield triplex.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1094 E D St. Subject | $1,500,000* List Price | 0 | 0 | 2,864 | $540 | - |
A 428 E E Street Sold | $1,389,800 | 0 | 0 | 2,683 | $518 | 0.8 mi |
B 522 N Parkside Drive Active | $1,420,000 List Price | 0 | 0 | 3,649 | $389 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent capital improvements to the front building, including a newer roof, plumbing, and energy-efficient windows. Interior images show modern updates such as shaker-style cabinetry, stone countertops, stainless steel appliances, and contemporary laminate flooring. While the structures date back to 1912 and 1964, the visible renovations and system upgrades align with the 'Good' criteria for well-maintained, updated rental units.
The expansive 11,088 sq ft lot offers significant upside for future development or the addition of ADUs, providing a clear path for value enhancement.
The front building features essential upgrades including newer plumbing, a newer roof, and energy-efficient windows, reducing immediate capital expenditure for the investor.
All three units consist of 2-bedroom, 1-bathroom layouts with private yard spaces, a highly marketable feature that attracts long-term tenants and stabilizes rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2864, other record living area = 992.
With one building dating back to 1912, the property may require specialized maintenance or future structural attention typical of century-old improvements.
While the front building has been upgraded, the lack of mentioned improvements for the second building suggests potential deferred maintenance or the need for future renovation to match the front unit's quality.
Exceptional investment opportunity featuring three units on one expansive 11,088 sq ft lot (132 ft x 84 ft). The property includes two separate buildings with three total units, each offering 2 bedrooms and 1 bathroom, plus private yard space for each unit. The front building has been upgraded with newer plumbing, newer roof, newer water heater, central heating system, and energy-efficient windows. All three units share one APN. Per assessor records, one building is approximately 992 sq ft (built 1912) and the second building totals approximately 1,872 sq ft (built 1964). Large lot size provides strong upside potential for future development or value enhancement (buyer to verify with city regarding possibilities). Great opportunity for investors seeking steady rental income with future growth potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,864 | 2,683 | 56% |
| Lot Size | 11,088 | 8,496 | 78% |
| Price | $1.50M | $825.0K | 89% |
| Price per sq ft | $524 | $448 | 89% |
| Built year | 1964 | 1955 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 64 | 11% |
Feb 25, 2026
$1,500,000
Initial Listing
Jan 18, 2011
$280,000
Public Record
Nov 29, 2001
$198,000
Public Record
Aug 11, 2000
$185,000
Public Record