1343 S Sultana Avenue, Ontario, California 91761, Ontario, 91761 - bed, bath
ACTIVE$750,000
1343 S Sultana Avenue, Ontario, California 91761
0Bed
0Bath
1,560Sqft
6,920Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Dual Income Duplex: Features two 2-bedroom, 1-bath units, providing diversified rental income streams and enhanced investment stability.
Top Cons:
Property Age: Built in 1953, the property is over 70 years old, suggesting potential for outdated systems, deferred maintenance, and the need for significant modernization.
Compared to the nearby listings
Price:$750.0K vs avg $754.0K ($-4,000)40%
Size:1,560 sqft vs avg 1,560 sqft50%
Price/sqft:$481 vs avg $48150%
More Insights
Built in 1953 (72 years old).
Condition: Built in 1953, this property is explicitly marketed as a 'value-add' and 'renovation project,' indicating substantial capital investment is needed. The kitchen features very dated terracotta-colored tile flooring, old white cabinets, and basic countertops, with no visible modern appliances. While no bathroom images are provided, the overall age and condition of the visible interior suggest similar outdatedness. The property requires significant rehabilitation to meet current quality standards and comfort, aligning with the 'poor' condition criteria.
Year Built
1953
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$481
HOA
-
Days on market
-
Sold On
-
MLS number
TR25191782
Home ConditionPoor
Features
Good View:
View-
About this home
Excellent Investment Opportunity! 1343 S Sultana Ave, Ontario offers a duplex with two 2-bedroom, 1-bath units totaling 1,560 sq. ft. of living space on a 6,920 sq. ft. corner lot. The property includes a fully fenced yard and two covered carport spaces. This duplex provides the perfect opportunity for value-add improvements and future upside. The spacious lot also allows room for an addition or potential ADU development (buyer to verify). Currently 100% tenant-occupied, the property generates immediate rental income and is situated in a centrally located, high-demand Ontario neighborhood near schools, shopping, dining, and freeway access. Ideal for investors seeking a 1031 exchange, long-term rental growth, or renovation project.
Condition Rating
Poor
Built in 1953, this property is explicitly marketed as a 'value-add' and 'renovation project,' indicating substantial capital investment is needed. The kitchen features very dated terracotta-colored tile flooring, old white cabinets, and basic countertops, with no visible modern appliances. While no bathroom images are provided, the overall age and condition of the visible interior suggest similar outdatedness. The property requires significant rehabilitation to meet current quality standards and comfort, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Dual Income Duplex: Features two 2-bedroom, 1-bath units, providing diversified rental income streams and enhanced investment stability.
Immediate Cash Flow: Currently 100% tenant-occupied, ensuring immediate rental income for the new owner from day one.
Significant Development Potential: A spacious 6,920 sq. ft. corner lot offers ample room for an addition or potential Accessory Dwelling Unit (ADU) development, increasing future value.
Strategic Location: Situated in a high-demand, centrally located Ontario neighborhood with convenient access to schools, shopping, dining, and major freeways.
Value-Add Investment: Presents a clear opportunity for value-add improvements and future upside, ideal for investors seeking renovation projects or long-term growth.
Cons
Property Age: Built in 1953, the property is over 70 years old, suggesting potential for outdated systems, deferred maintenance, and the need for significant modernization.
Renovation Requirement: Explicitly marketed as a 'value-add' and 'renovation project,' indicating that substantial capital investment and effort will be required to maximize its potential.
ADU Verification Contingency: While ADU potential exists, it requires the buyer to verify feasibility, implying additional due diligence, time, and potential costs before development can proceed.