RealKey
‪(213) 433-7766‬

132 N Monterey Avenue, Ontario, California 91764, Ontario, 91764 - 3 bed, 1 bath

132 N Monterey Avenue, Ontario, California 91764 home-pic-0
ACTIVE$595,000
132 N Monterey Avenue, Ontario, California 91764
3Beds
1Bath
1,026Sqft
6,432Lot

Price Vs. Estimate

The estimated value ($509,539.97) is $85,460.03 (14%) lower than the list price ($595,000). This property may be overpriced.

Key pros and cons

Top Pros:
ADU Potential: The detached garage presents a significant opportunity for conversion into an Accessory Dwelling Unit (ADU), offering potential rental income or expanded living space.
Top Cons:
Limited Bathroom Count: The property features only one bathroom for three bedrooms, which may be a significant functional limitation for families or multiple occupants.

Compared to the nearby listings

Price:$595.0K vs avg $669.5K ($-74,500)15%
Size:1,026 sqft vs avg 1,365 sqft13%
Price/sqft:$580 vs avg $48081%

More Insights

Built in 1914 (111 years old).
Condition: Built in 1914, this property has 'solid bones' and is 'freshly painted' inside, making it superficially 'move-in ready.' However, the kitchen and bathroom are severely outdated, featuring very basic, likely 30-50+ year old fixtures, cabinets, and appliances (white gas range, no visible dishwasher). The flooring is a mix of dated ceramic tile and newer laminate in bedrooms. Light fixtures are also old-fashioned. While structurally sound, the key areas of the home (kitchen and bathroom) require substantial rehabilitation and modernization to meet current standards, aligning with the 'poor' condition criteria for major components requiring significant updates.
Year Built
1914
Close
-
List price
$595K
Original List price
$595K
Price/Sqft
$580
HOA
-
Days on market
-
Sold On
-
MLS number
OC25219359
Home ConditionPoor
Features
Patio
View-

About this home

Unlock the potential of this charming 3-bedroom, 1-bath single-family home nestled in a quiet, established neighborhood of Ontario. Freshly painted inside and featuring brand-new grass and irrigation in the front yard, this home is move-in ready with plenty of room to make it your own. With solid bones and a spacious lot, it’s an ideal opportunity for investors or first-time buyers looking to customize their dream home. The traditional floor plan offers abundant natural light throughout, while the generously sized backyard is perfect for entertaining, gardening, or future expansion. A detached garage provides additional storage or potential for an ADU. Conveniently located near schools, shopping, freeways, and parks, this property is a smart investment in a thriving community with enduring charm

Condition Rating
Poor
Built in 1914, this property has 'solid bones' and is 'freshly painted' inside, making it superficially 'move-in ready.' However, the kitchen and bathroom are severely outdated, featuring very basic, likely 30-50+ year old fixtures, cabinets, and appliances (white gas range, no visible dishwasher). The flooring is a mix of dated ceramic tile and newer laminate in bedrooms. Light fixtures are also old-fashioned. While structurally sound, the key areas of the home (kitchen and bathroom) require substantial rehabilitation and modernization to meet current standards, aligning with the 'poor' condition criteria for major components requiring significant updates.
Pros & Cons

Pros

ADU Potential: The detached garage presents a significant opportunity for conversion into an Accessory Dwelling Unit (ADU), offering potential rental income or expanded living space.
Desirable Location: Situated in a quiet, established neighborhood with convenient access to schools, shopping, freeways, and parks, enhancing lifestyle and commute.
Turnkey Appeal: Recent updates including fresh interior paint and brand-new front yard landscaping (grass and irrigation) provide a move-in ready experience.
Generous Lot Size: A spacious 6,432 sqft lot offers ample outdoor space for entertaining, gardening, or future property expansion.
Customization & Investment Value: With 'solid bones' and room for personalization, this property is an attractive opportunity for first-time buyers or investors seeking to add value.

Cons

Limited Bathroom Count: The property features only one bathroom for three bedrooms, which may be a significant functional limitation for families or multiple occupants.
Age of Infrastructure: Built in 1914, while having 'solid bones,' suggests that major systems (plumbing, electrical, HVAC) may be original or require significant updates in the near future.
Pricing Discrepancy: The current list price is notably higher than the estimated property value, potentially indicating an aggressive pricing strategy that could impact market appeal and negotiation.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state