1156 Virginia, Ontario, California 91764, Ontario, 91764 - 2 bed, 1 bath
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Ontario, California 91764
This property presents a High-Potential Investment Opportunity with a List Price of $599,900—positioned slightly above the $590,783 Fair Market Value. While the current structure has a Condition Rating of 5, the massive 12,050 sq. ft. corner lot provides significant upside for forced appreciation through ADU development or expansion. The property offers a unique canvas for value-add strategies in a commuter-friendly location. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking long-term equity growth through renovation and development.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1156 Virginia Subject | $599,900* List Price | 2 | 1 | 896 | $659 | - |
A 624 N Allyn Sold | $590,000 | 2 | 1 | 935 | $631 | 0.8 mi |
B 722 E 6th Street Sold | $579,000 | 2 | 1 | 909 | $637 | 0.7 mi |
C 1205 E D Active | $525,000 List Price | 3 | 1 | 816 | $643 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1946 with no evidence of recent major renovations. The kitchen features dated oak cabinetry and laminate counters likely over 30 years old. Interior shows significant wear, including popcorn ceilings and aged flooring. The listing's emphasis on the 12,000 sq. ft. lot and 'opportunity' for expansion suggests the current structure requires a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12050, living area = 896.
The massive 12,050 sq. ft. corner lot provides exceptional space and privacy, offering rare flexibility for RV parking, work vehicles, and large-scale outdoor entertaining.
The property’s significant lot size and corner positioning make it an ideal candidate for an Accessory Dwelling Unit (ADU), providing opportunities for rental income or multi-generational living.
At only 896 sq. ft., the primary residence is quite small by modern standards, which may limit its appeal to larger families or buyers requiring more interior space.
The enclosed sunroom and additional bathroom are unverified, which could lead to permitting challenges or valuation discrepancies during the appraisal process.
Opportunity on a 12,000 sq. ft. corner lot! This charming 1946 home offers 2 bedrooms, 1 bath, approximately 896 sq. ft. of living space, plus an enclosed sunroom with an additional bathroom (buyer to verify). Full of character and vintage charm, the property features built-in shelving, a spacious dining area, large covered patio, storage shed, and mature landscaping. The expansive corner lot offers incredible flexibility with plenty of room for RV parking, toys, work vehicles, gardening, entertaining, future expansion, and possible ADU opportunities for multi-generational living or rental income (buyer to verify). Conveniently located near schools, shopping, dining, Ontario International Airport, and major commuter routes. A unique opportunity for both owner-occupants and investors seeking space, versatility, and long-term potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.5 |
| Square foot | 896 | 1,955 |
| Lot Size | 12,050 | 7,200 |
| Price | $599.9K | $737.7K |
| Price per sq ft | $670 | $434 |
| Built year | 1946 | 1984 |
| HOA | $0 | $168 |
| Days on market | 29 | 58 |
Jun 23, 2026
$599,900
Initial Listing
Nov 21, 2024
$469,500
Public Record