1228 W Rosewood Court, Ontario, California 91762, Ontario, 91762 - 0 bed, 0 bath
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Ontario, California 91762
This Value-Add Quadruplex Asset is listed at $1,170,000, offering a strategic opportunity in Ontario’s high-growth corridor. While the list price is positioned above the $1,088,430 Fair Market Value, the property’s 28% Rental Upside and Condition Rating of 4 provide a clear path to increased yield. Featuring four single-car garages, private patios, and a vacant on-site laundry room for additional revenue, the property is primed for NOI optimization. This asset is perfectly suited for Buy-and-Hold Investors or Multi-family Specialists seeking stable cash flow near the Ontario International Airport.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1228 W Rosewood Court Subject | $1,080,000* List Price | 0 | 0 | 3,672 | $288 | - |
A 1147 W D Street Sold | $1,030,000 | 0 | 0 | 3,621 | $284 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this quadruplex is aged but maintained. While it features durable tile flooring, the use of window air conditioning units and a central hot water heater indicates older systems. The property has not undergone a recent full renovation, as evidenced by the significant 28% rental upside mentioned, placing it in the fair category for its age and functional but outdated features.
The property offers a projected 28% rental upside and includes a vacant on-site laundry room ready for machine installation, providing clear pathways to increase Net Operating Income.
With four single-car garages and five additional open spaces, the property provides over two parking spots per unit, a highly competitive advantage in the local rental market.
Proximity to Ontario International Airport and major logistics hubs ensures consistent rental demand driven by the region's robust industrial and distribution employment sectors.
The units utilize window air conditioning rather than central HVAC, which may be less energy-efficient and less appealing to modern tenants seeking premium amenities.
The presence of a central hot water heater suggests the owner likely bears the cost of heating water for all units, potentially increasing operating expenses compared to fully decoupled systems.
*** Please call or text for Offering Memorandum *** Pleased to exclusively present the opportunity to acquire 1228 West Rosewood Court, a 4-unit multifamily investment property located in the City of Ontario, California. Constructed in 1962, the property is sits on a 7,560 square foot parcel with a total building area of 3,672 square feet and is conveniently situated just west of Mountain Avenue and south of 4th Street. The parking consists of four single-car garages and five additional open parking spaces. Each unit includes tile flooring throughout and window air conditioning. Three of the four units have private patios. All units are individually metered for gas and electricity and there is a central hot water heater. The property also features a vacant on-site laundry room ready for machine installation, creating an opportunity for additional income. The offering is ideally located within close proximity to major transportation corridors, providing residents with convenient access throughout the Inland Empire and surrounding counties. Ontario continues to experience strong economic growth supported by logistics, warehousing, and distribution industries, largely driven by the continued expansion of Ontario International Airport. The airport serves as a major regional employment hub and economic driver, strengthening rental demand in the surrounding neighborhoods. With a 27%+ rental upside, this property benefits from convenient access to major retail and lifestyle amenities, including Ontario Mills and Toyota Arena, offering residents a variety of shopping, dining, and entertainment options. With continued population growth, rising housing costs across Southern California, and limited new small-multifamily supply in established neighborhoods, Ontario remains an attractive rental market
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 | 3,672 | 3,646.5 | 50% |
| Lot Size | 7,560 | 8,955 | 25% |
| Price | $1.08M | $1.05M | 50% |
| Price per sq ft | $294 | $289 | 50% |
| Built year | 1962 | 1955 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 207 | 25% |
Apr 17, 2026
$1,080,000
$1,170,000
-8% Price Drop
Initial Listing
Mar 12, 2026
$1,170,000
Initial Listing
Mar 27, 2009
$500,000
Public Record
Sep 29, 2005
$720,000
Public Record