RealKey
‪(213) 433-7766‬

412 S Palm Avenue, Ontario, California 91762, Ontario, 91762 - 2 bed, 1 bath

412 S Palm Avenue, Ontario, California 91762 home-pic-0
ACTIVE$550,000
412 S Palm Avenue, Ontario, California 91762
2Beds
1Bath
720Sqft
3,796Lot

Price Vs. Estimate

The estimated value ($460,429.75) is $89,570.25 (16%) lower than the list price ($550,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential & Flexibility: Features a 1 bed, 1 bath addition ideal for multi-generational living or rental income, offering significant financial flexibility for owners.
Top Cons:
Age of Property: Built in 1924, the main house may require significant updates to systems (plumbing, electrical) and general renovations to meet modern standards.

Compared to the nearby listings

Price:$550.0K vs avg $751.0K ($-201,000)4%
Size:720 sqft vs avg 1,830.5 sqft1%
Price/sqft:$764 vs avg $41299%

More Insights

Built in 1924 (101 years old).
Condition: Built in 1924, this property is aged but appears to be maintained. The kitchen features older white appliances and basic white cabinets, while the bathroom has functional but dated tile work. Flooring is a mix of laminate wood and older ceramic tiles. While livable and seemingly well-kept, the visible updates are likely 15-25 years old, making the property functional but outdated in style and features, requiring minor updates to meet current standards. There is no central AC, indicated by a visible window unit.
Year Built
1924
Close
-
List price
$550K
Original List price
$560K
Price/Sqft
$764
HOA
-
Days on market
-
Sold On
-
MLS number
SW25164102
Home ConditionFair
Features
View-

About this home

Investor's Dream or Perfect Starter Home with Rental Potential! This charming 2 bed, 1 bath front house includes a 1 bed, 1 bath addition in the rear ideal for multi-generational living or rental income. Whether you're an investor seeking strong returns, a family looking to offset your mortgage by renting out the back unit, or a couple wanting to live in the back while renting the front, this property offers flexibility and opportunity. The spacious lot features two access points, allowing for RV parking or potential for an ADU (Accessory Dwelling Unit). Located near the 60 & 10 Freeways, you're connected to everything. And with the soon up-and-coming additions to Ontario, there’s added potential for future property value growth. Don’t miss out on this high-opportunity home in a rapidly developing area!

Condition Rating
Fair
Built in 1924, this property is aged but appears to be maintained. The kitchen features older white appliances and basic white cabinets, while the bathroom has functional but dated tile work. Flooring is a mix of laminate wood and older ceramic tiles. While livable and seemingly well-kept, the visible updates are likely 15-25 years old, making the property functional but outdated in style and features, requiring minor updates to meet current standards. There is no central AC, indicated by a visible window unit.
Pros & Cons

Pros

Income Potential & Flexibility: Features a 1 bed, 1 bath addition ideal for multi-generational living or rental income, offering significant financial flexibility for owners.
ADU Potential & RV Parking: The spacious lot with two access points provides excellent potential for an Accessory Dwelling Unit (ADU) and convenient RV parking, adding future value.
Strategic Location & Growth: Proximity to the 60 & 10 Freeways and a rapidly developing Ontario area suggests strong potential for future property value appreciation.
Broad Buyer Appeal: The property's versatile layout and income potential cater to a wide range of buyers, including investors, families, and couples.
Charming Character: Described as a 'charming' front house, suggesting a desirable aesthetic or historical appeal from its 1924 build.

Cons

Age of Property: Built in 1924, the main house may require significant updates to systems (plumbing, electrical) and general renovations to meet modern standards.
Limited Main House Square Footage: The listed 720 sqft for the main 2 bed, 1 bath house is relatively small, which might be a constraint for some buyers seeking more living space.
Unspecified Condition of Main Dwelling: While the addition is highlighted, the description lacks specific details on the current condition or recent upgrades of the older main house, implying potential deferred maintenance.

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