340 W Caroline Street, Ontario, California 91762, Ontario, 91762 - 0 bed, 0 bath
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Ontario, California 91762
This Renovated Multi-Generational Estate is a Prime Investment Opportunity, listed at $1,100,000—positioned well below the $1,136,109 Fair Market Value by 3%. This valuation gap provides $36,109 in Instant Equity. Boasting an Excellent Condition Rating, the property features a modernized main residence and a permitted 1-bedroom ADU, offering significant rental income potential. With 7 bedrooms, a designer kitchen with new appliances, and city light views, the home balances luxury with financial utility. It is an ideal acquisition for Multi-Generational Families or Owner-Occupants seeking a high-capacity, income-producing sanctuary.
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 | $413 | - |
A 312 W I Sold | $820,000 | 3 | 3 | 1,878 | $437 | 0.8 mi |
B 822 W 5th Street Sold | $770,000 | 3 | 2 | 1,728 | $446 | 0.6 mi |
C 631 Berkeley Sold | $790,000 | 4 | 2 | 1,946 | $406 | 0.8 mi |
D 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.
While originally built in 1964, the property has undergone a comprehensive recent renovation within the last 5 years. The interior features a modern kitchen with brand-new stainless steel appliances, quartz countertops with a waterfall edge, new laminate flooring throughout, recessed lighting, and updated fixtures. The inclusion of a permitted, modern ADU and the mint condition of the main residence's living spaces meet the criteria for excellent condition.
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 inclusion of a 692 sq ft permitted accessory dwelling unit provides exceptional versatility for rental income, guest housing, or multi-generational living.
With 7 bedrooms and over 3,400 total sq ft of living space, this property offers a rare amount of square footage and accommodation for large families.
The $1.1 million list price is significantly higher than the local median, which may limit the pool of qualified buyers and present appraisal challenges.
Despite cosmetic updates, the 1964 construction year suggests that core systems like plumbing and electrical may require closer inspection or future maintenance compared to newer builds.
Stunning and spacious Ontario property offering a total of approximately 3,446 sq ft of living space, featuring 7 bedrooms and 4 bathrooms across a main residence and a permitted accessory dwelling unit. This versatile property provides flexibility for extended living, multi generational use, or rental income potential. The main home offers approximately 2754 sq ft with 6 bedrooms and 3 bathrooms, featuring a bright and open layout with high ceilings, a classic brick fireplace, and a seamless blend of recessed and natural lighting. The interior includes laminate flooring throughout and a well equipped kitchen with brand new appliances, a range hood, ample cabinetry for storage, and a dedicated laundry area. Bedrooms are generously sized with built in closets and shelving, providing both comfort and functionality. The permitted ADU offers approximately 692 sq ft with 1 bedroom and 1 bathroom, providing a private and self contained living space ideal for extended family, guests, or income producing use. The property sits on a well maintained lot with front and backyard space suitable for outdoor use and entertaining. Conveniently located near shopping, dining, and major access routes, this property combines size, versatility, and opportunity in a desirable Ontario location. Buyer to verify all information including square footage, permits, and usage.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 2,754 | 1,575 | 89% |
| Lot Size | 11,300 | 7,347 | 87% |
| Price | $1.10M | $721.2K | 94% |
| Price per sq ft | $399 | $460 | 35% |
| Built year | 1964 | 1962 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 156 | 7% |
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