317 N Palm, Ontario, California 91762, Ontario, 91762 - 0 bed, 0 bath
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Ontario, California 91762
This property presents a High-Potential Investment Opportunity with a List Price of $1,050,000—positioned above the $927,527 Fair Market Value. Featuring three restored single-family homes on one lot, this Multi-Unit Asset offers immediate rental income potential in Ontario’s Historical District. With a Condition Rating of 3, the units include modern amenities like air conditioning and laundry rooms. While the property requires an offer for interior inspection, it remains a strategic acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking stable, tenant-occupied cash flow in a walkable, high-demand location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 317 N Palm Subject | $1,050,000* List Price | 0 | 0 | 2,557 | $364 | - |
A 622 W Harvard Sold | $790,000 | 3 | 2 | 1,581 | $500 | 0.9 mi |
B 758 W Berkeley Court Sold | $775,000 | 4 | 2 | 1,642 | $472 | 0.8 mi |
C 312 W I Sold | $820,000 | 3 | 3 | 1,878 | $437 | 0.6 mi |
D 836 N Euclid Avenue Active | $995,000 List Price | 7 | 3 | 2,908 | $342 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1934 but explicitly described as 'restored' with updated air conditioning. The exterior appears well-maintained and functional, suggesting a renovation within the 5-15 year range that makes it move-in ready for tenants.
The property features three restored single-family homes on a single lot, offering a rare and turnkey opportunity for immediate rental income and investment diversification.
Situated in the heart of Ontario's Historical District and within walking distance to the downtown area, the property benefits from high tenant demand and long-term neighborhood desirability.
Despite the vintage charm, each unit has been updated with essential modern comforts including air conditioning and dedicated laundry rooms, enhancing tenant retention and value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2160, other record living area = 676.
The requirement for offers to be submitted prior to interior inspections due to tenant occupancy may deter some buyers and complicates the initial due diligence process.
Being located in a historical district may subject the owner to stricter building codes and preservation guidelines, potentially increasing the cost and complexity of future exterior renovations.
Located in the Historical district of Ontario and walkable to the owntown area, 317,315 and 313 restored single family homes are the best opportunity for buyers to invest in a great income property. All units are 2 bedroom, one bath, plus laundry room and air conditioned for comfort. Due to all units are currently tenant occupied so please do not disturb them. You are welcome to drive by the area only. We will provide a day of interior inspection for all offers submitted with subject to interior inspection. Agent is related to the seller
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 2,557 | 1,955 |
| Lot Size | 7,147 | 7,200 |
| Price | $1.05M | $737.7K |
| Price per sq ft | $411 | $434 |
| Built year | 1934 | 1984 |
| HOA | $0 | $168 |
| Days on market | 37 | 58 |
Jun 15, 2026
$1,050,000
Initial Listing
May 23, 2013
$233,000
Public Record
Aug 23, 2007
$176,500
Public Record