RealKey
‪(213) 433-7766‬

141 S Cypress Avenue, Ontario, California 91762, Ontario, 91762 - 3 bed, 2 bath

141 S Cypress Avenue, Ontario, California 91762 home-pic-0
ACTIVE UNDER CONTRACT$855,000
141 S Cypress Avenue, Ontario, California 91762
3Beds
2Baths
1,121Sqft
22,900Lot

Price Vs. Estimate

The estimated value ($855,000) is $0 (0%) lower than the list price ($855,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22900, living area = 1121.
Top Cons:
Age of Property: Built in 1905, the existing structure is very old, likely requiring significant modernization, maintenance, or demolition for redevelopment.

Compared to the nearby listings

Price:$855.0K vs avg $756.0K (+$99,000)75%
Size:1,121 sqft vs avg 1,830.5 sqft9%
Price/sqft:$763 vs avg $41299%

More Insights

Built in 1905 (120 years old).
Condition: Despite being built in 1905, the interior of this property has undergone significant and recent renovations, making it move-in ready. The kitchen features modern shaker-style cabinets, updated countertops, and a contemporary tile backsplash. The bathroom also boasts modern tiling and fixtures. New laminate/LVP flooring is present throughout the main living areas and bedrooms, and lighting has been updated with recessed fixtures. The overall aesthetic is clean, bright, and well-maintained, aligning with the 'impeccably maintained' description in the listing. While the original structure is very old, the visible living spaces show minimal wear and tear and do not require immediate renovation, fitting the criteria for a 'Good' condition score.
Year Built
1905
Close
-
List price
$855K
Original List price
$855K
Price/Sqft
$763
HOA
-
Days on market
-
Sold On
-
MLS number
AR25128113
Home ConditionGood
Features
View-

About this home

Exceptional Investment & Residential Opportunity in Ontario Discover this charming 3-bedroom, 1.5-bathroom home, impeccably maintained and situated on an expansive lot. Featuring a functional floor plan and spacious living areas, this home offers comfort and practicality in a prime location. Enjoy easy access to major freeways, shopping centers, and schools—making it ideal for homeowners and investors alike. This unique offering includes three adjacent parcels and the sale price will include APN: 1049-012-20-0-000, 1049-012-19-0-000, 1049-012-18-0-000. (APNs: 1049-012-20-0000, 1049-012-19-0000, and 1049-012-18-0000), opening the door to exceptional development potential. Located in a high-traffic commercial and residential zone, just minutes from Ontario International Airport and the Ontario Convention Center, the property presents an excellent opportunity for commercial or industrial redevelopment. Surrounded by national retailers and business infrastructure, the site is ideal for investors looking to capitalize on Ontario’s dynamic growth. Don’t miss this rare chance to own a versatile property offering both immediate livability and long-term investment value.

Condition Rating
Good
Despite being built in 1905, the interior of this property has undergone significant and recent renovations, making it move-in ready. The kitchen features modern shaker-style cabinets, updated countertops, and a contemporary tile backsplash. The bathroom also boasts modern tiling and fixtures. New laminate/LVP flooring is present throughout the main living areas and bedrooms, and lighting has been updated with recessed fixtures. The overall aesthetic is clean, bright, and well-maintained, aligning with the 'impeccably maintained' description in the listing. While the original structure is very old, the visible living spaces show minimal wear and tear and do not require immediate renovation, fitting the criteria for a 'Good' condition score.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22900, living area = 1121.
Exceptional Development Potential: The property includes three adjacent parcels in a high-traffic commercial and residential zone, offering significant opportunity for commercial or industrial redevelopment.
Strategic Location: Located minutes from Ontario International Airport and the Ontario Convention Center, with easy access to major freeways, shopping centers, and schools, enhancing its appeal for various uses.
Expansive Lot Size: A substantial 22,900 sqft lot provides ample space for potential expansion, new construction, or large-scale redevelopment projects.
Versatile Investment Opportunity: Offers both immediate residential livability with a well-maintained home and strong long-term investment value due to its redevelopment potential and prime location.
Well-Maintained Current Residence: The existing 3-bedroom home is described as 'impeccably maintained' with a functional floor plan, providing immediate rental income or comfortable living.

Cons

Age of Property: Built in 1905, the existing structure is very old, likely requiring significant modernization, maintenance, or demolition for redevelopment.
Small Residential Footprint: The current 1121 sqft home is relatively small for a 3-bedroom property, which may not appeal to buyers seeking a spacious family home without redevelopment plans.
Overpriced Relative to Current Residential Value: The listing price of $855,000 is 12% above the estimated property value, indicating a premium is being paid for the land and development potential rather than the existing residential dwelling.

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