1402 Virginia, Ontario, California 91764, Ontario, 91764 - 0 bed, 0 bath
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Ontario, California 91764
This High-Potential Investment Opportunity is a Triplex Residential Income asset listed at $990,000—positioned well below the $1,137,844 Fair Market Value by 12%. This valuation gap provides $147,844 in Instant Equity. Featuring a Condition Rating of 3, the property offers separately metered utilities, private garages, and individual yards. This stable, income-generating asset is ideal for Buy-and-Hold Investors seeking cash flow or Owner-Occupants looking to house-hack in the growing Inland Empire market.
Property is move-in ready.
Built in 1981, the property has undergone significant interior renovations likely within the last 10-15 years. Kitchens and bathrooms feature updated dark wood cabinetry, granite countertops, and modern tiling. The units are move-in ready with a mix of tile and laminate flooring, and systems are separately metered, indicating well-maintained functional status despite some dated elements like popcorn ceilings.
Each of the three units includes a private garage and its own individual yard, a rare and premium feature for multi-family properties that significantly enhances tenant appeal and retention.
The property is separately metered for gas and electricity, shifting utility costs to tenants and simplifying management while reducing the owner's monthly operating expenses.
Located in the high-demand Inland Empire rental market near Ontario International Airport and major freeways, the property offers strong upside potential for market-rate rental adjustments.
Built in 1981, the property may soon require capital expenditures for long-term maintenance of major systems such as roofing or plumbing to sustain its value.
With a total of 2,418 square feet divided among three units, the individual living areas are relatively small, which may limit the maximum rental ceiling compared to larger triplex units.
Rare triplex opportunity in Ontario offering strong rental income potential and exceptional flexibility for both investors and owner-occupants. This well-maintained property features three spacious units, each offering 2 bedrooms, 1 bathroom, a private garage, and its own individual yard—an uncommon and highly desirable setup. The property provides an excellent opportunity to establish market-based rental income and maximize cash flow potential. Each unit is separately metered for gas and electricity, helping reduce operating expenses and simplify management. The property has been well cared for and presents strong upside potential, ideal for investors seeking solid returns or buyers looking to occupy one unit while generating income from the others. Conveniently located near freeway access, shopping, schools, and Ontario International Airport, this triplex is situated within the growing Inland Empire 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 | 2,418 | 2,418 | 50% |
| Lot Size | 6,660 | 8,008 | 43% |
| Price | $990.0K | $775.0K | 57% |
| Price per sq ft | $409 | $368 | 57% |
| Built year | 1981 | 1981 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 116 | 14% |
May 18, 2026
$990,000
Initial Listing
Nov 19, 2014
$450,000
Public Record
Jan 29, 2009
$330,000
Public Record