340 W Caroline Street, Ontario, California 91762, Ontario, 91762 - 0 bed, 0 bath
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Ontario, California 91762
This Renovated Multi-Unit Estate is a Prime Investment Opportunity, listed at $1,100,000—positioned well below the $1,131,597 Fair Market Value by 2%. This valuation gap provides $31,597 in Instant Equity. Boasting an Excellent Condition Rating, the property features a 7-bedroom main residence and a detached 1-bedroom ADU, currently generating $8,200/mo in rental income. With mountain and city light views, a modernized kitchen, and a massive 11,300 sq. ft. lot, it balances lifestyle with high-yield potential. This is an ideal acquisition for Multi-Generational Families or Owner-Occupants seeking a turnkey house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 340 W Caroline Street Subject | $1,100,000* List Price | 0 | 0 | 2,754 | $411 | - |
A 312 W I Sold | $820,000 | 3 | 3 | 1,878 | $437 | 0.8 mi |
B 631 Berkeley Sold | $790,000 | 4 | 2 | 1,946 | $406 | 0.8 mi |
C 340 W Caroline Street Active | $1,100,000 List Price | 7 | 4 | 2,754 | $399 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation, featuring a modern kitchen with brand-new stainless steel appliances, quartz countertops with a waterfall edge, and updated cabinetry. The interior is move-in ready with new laminate flooring throughout, recessed lighting, fresh paint, and fully updated bathrooms, meeting high contemporary quality standards despite its 1964 build date.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11300, living area = 2754.
The property is a proven high-yield asset, currently generating over $8,200 per month in rental income from the main residence and the detached ADU.
With a rare 7-bedroom main house and a separate 1-bedroom ADU, the property offers incredible flexibility for multi-generational living or a house-hacking investment strategy.
The high bedroom count relative to the lot size may lead to parking challenges and increased wear and tear on the property's shared spaces.
Built in 1964, the property may have aging core systems such as plumbing or electrical that could require maintenance despite the recent cosmetic renovations.
Stunning 7 bedroom, 4 bathroom home located in the heart of Ontario. This beautifully curated residence offers a spacious living area with high ceilings, a classic brick fireplace, and a seamless blend of recessed and natural lighting. The home features laminate flooring throughout and a full kitchen equipped with brand new appliances, a range hood, and plenty of storage space. Each bedroom is generously sized and includes built-in closets and shelving for added convenience. The home sits on a well-maintained lot with both front and backyard space that is perfect for relaxing or entertaining. In addition, a detached 1 bedroom, 1 bathroom ADU in the rear offers excellent flexibility for extended family, guests, or rental income. With charm, space, and versatility, this Ontario property is a rare find. Currently generating over $8,200/mo in rental income between the main house and the ADU.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 0.0 | 2.0 | 2% |
| Square foot | 2,754 | 1,684 | 89% |
| Lot Size | 11,300 | 7,260 | 85% |
| Price | $1.10M | $725.0K | 96% |
| Price per sq ft | $399 | $417 | 43% |
| Built year | 1964 | 1964 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 173 | 1% |
Apr 10, 2026
$1,100,000
Initial Listing
May 10, 2023
$700,000
Public Record
Mar 2, 2021
$70,000
Public Record
Sep 4, 2020
$615,000
Public Record