322 W B, Ontario, California 91762, Ontario, 91762 - 0 bed, 0 bath
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Ontario, California 91762
This Triplex Residential Income Asset is listed at $1,050,000, positioned above the $951,072 Fair Market Value. While the property requires modernization, it features a Condition Rating of 4, supported by a newer roof and fresh exterior paint. The Multi-Unit Configuration and Inside Laundry Areas provide strong rental appeal, though the age of the 1917 structure necessitates a focus on long-term maintenance. This property serves as a stable, income-generating acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to modernize a classic Ontario asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 322 W B Subject | $1,050,000* List Price | 0 | 0 | 2,641 | $360 | - |
A 646 W Belmont Sold | $860,000 | 0 | 0 | 2,445 | $352 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1917, the property shows well-maintained exteriors with a newer roof and fresh paint; however, the age of the structure and lack of interior renovation details for kitchens, baths, and systems suggest the units are dated and require modernization.
The property consists of three separate residential units rather than a single split building, offering superior privacy for tenants and increasing its desirability as a rental asset.
Recent upgrades including a newer roof and fresh exterior paint provide immediate value and reduce the need for significant near-term maintenance costs for a new owner.
All units feature individual inside laundry areas, a premium convenience that attracts high-quality tenants and allows for more competitive rental pricing.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2641, other record living area = 1013.
Built in 1917, the property's age suggests potential long-term maintenance needs related to vintage plumbing, electrical, or foundation systems typical of century-old structures.
The current list price of $1.05M represents a substantial increase over the 2022 sale price of $800,000, which may challenge the capitalization rate and overall ROI for investors.
TRI-PLEX --- GREAT INVESTMENT OPPORTUNITY!!! This property has 3 separate Single Residentials; 322, 322-1/2 and 322B W B Street, Ontario. Recently painted and fairly new roof. One car detached garage with 3 additional parking spaces. All units with inside laundry area. Parking lot adjacent to property is not included in the sale. A MUST SEE !!!
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 | 2,641 | 2,641 | 50% |
| Lot Size | 8,496 | 8,190 | 60% |
| Price | $1.05M | $1.03M | 60% |
| Price per sq ft | $398 | $352 | 80% |
| Built year | 1917 | 1962 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 95 | 40% |
May 8, 2026
$1,050,000
Initial Listing
Mar 10, 2022
$800,000
Public Record
Jun 28, 2002
$230,000
Public Record