1216 S Cypress, Ontario, California 91762, Ontario, 91762 - 2 bed, 2 bath
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Ontario, California 91762
This Well-Maintained Gated Condominium is a Prime Investment Opportunity, listed at $382,500—positioned well below the $401,838 Fair Market Value by 4%. This valuation gap offers $19,338 in Instant Equity for incoming buyers. Boasting a Condition Rating of 4, the 1,232 sqft layout features a spacious living room, attached two-car garage, and private deck. Residents enjoy community amenities like a pool and tennis courts near Ontario High School. This is an ideal fit for first-time buyers or Owner-Occupants seeking a move-in-ready home with value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1216 S Cypress Subject | $382,500* List Price | 2 | 2 | 1,232 | $326 | - |
A 1214 S Cypress Avenue G Sold | $415,000 | 2 | 1 | 1,234 | $336 | 0.0 mi |
B 956 Cone Flower Lane Sold | $445,000 | 2 | 2 | 1,242 | $358 | 0.9 mi |
C 1052 Ralston Sold | $400,000 | 2 | 1 | 1,092 | $366 | 0.3 mi |
D 952 Pinyon Court Sold | $450,000 | 2 | 2 | 1,372 | $328 | 1.0 mi |
E 1706 S Mountain Sold | $415,000 | 2 | 3 | 1,156 | $359 | 0.7 mi |
F 1209 S Palmetto C Active | $475,000 List Price | 2 | 1 | 1,302 | $365 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, this property is well-maintained and move-in ready but shows significant signs of age in key areas. While the living spaces benefit from updated laminate flooring and fresh paint, the kitchen and bathrooms remain largely outdated with original-style cabinetry and tile countertops. The appliances are a mix of older and mid-range models, and the overall aesthetic reflects a home that has been kept up through regular maintenance rather than a modern renovation.
Located within a secure gated community, residents have access to premium recreational facilities including a swimming pool and tennis courts, enhancing the overall lifestyle value.
The inclusion of an attached two-car garage with interior laundry access provides a level of convenience and security rarely found in standard condominium layouts.
At 1,232 square feet, this unit offers a generous floor plan for a two-bedroom residence, featuring a light-filled living room and well-proportioned bedrooms.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8910, other record lot size in square feet = 1512. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1232, other record living area = 1512. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The monthly association fee of $406 is a significant recurring cost that buyers must factor into their long-term affordability and monthly debt-to-income ratios.
Constructed in 1981, the property may require capital investment for cosmetic or functional upgrades to align with contemporary design trends and energy efficiency standards.
This two-bedroom, 1.5 half bath condominium is located in a gated community in Ontario, California. Perfect for all seeking a blend of comfort and convenience, this condominium features a spacious living room with natural light. An Adjacent kitchen with ample counter and cabinet space. Two spacious bedrooms with closet space. Both bathrooms are well-appointed with one being adjacent to a bedroom. A two car garage attached with a laundry are located inside. Residents enjoy a community pool and tennis courts, perfect for all. A must see!!
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 7-8 • 0.7 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 46% |
| Baths | 2.0 | 3.0 | 21% |
| Square foot | 1,232 | 1,379 | 39% |
| Lot Size | 8,910 | - | 99% |
| Price | $382.5K | $558.5K | 6% |
| Price per sq ft | $310 | $393 | 1% |
| Built year | 1981 | 2025 | 20% |
| HOA | $406.0 | $300 | 80% |
| Days on market | 36 | 209 | 1% |
Mar 17, 2026
$382,500
Initial Listing
Jun 22, 2011
$131,000
Public Record
Apr 11, 2002
$140,000
Public Record
Oct 28, 1999
$99,000
Public Record
Sep 23, 1999
$72,000
Public Record