522 N Parkside Drive, Ontario, California 91764, Ontario, 91764 - 0 bed, 0 bath
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Ontario, California 91764
This Multifamily Income Asset is listed at $1,420,000, representing a stable valuation relative to its $1,373,068 Fair Market Value. The property features four uniform 2-bedroom, 1.5-bathroom units and maintains a Well-Maintained Condition Rating with recent capital improvements to the parking area and perimeter fencing. With an approximate 5.6% cap rate and separate utility metering, the asset offers immediate cash flow and high operational efficiency. Situated on a rare 15,000 sq ft lot within the growing Inland Empire market, this property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Property is move-in ready.
The property is well-maintained and move-in ready, featuring significant recent capital improvements including a new concrete driveway, expanded parking, and new perimeter fencing. Interior photos reveal updated units with modern wood-look laminate flooring and renovated bathrooms featuring contemporary vanities and glass shower doors. While the building was constructed in 1965, the recent updates to the exterior and select unit interiors elevate its condition above the standard for its age.
The property features four uniform 2-bedroom, 1.5-bathroom units, a highly marketable layout that attracts stable, long-term tenants compared to smaller studio or one-bedroom configurations.
Units are separately metered for gas and electricity, allowing tenants to pay their own usage costs and significantly reducing the owner's monthly operating expenses.
Recent upgrades including a new concrete driveway, expanded parking area, and a new perimeter fence provide immediate curb appeal and reduce near-term maintenance requirements.
Built in 1965, the building may require ongoing maintenance of original systems, such as plumbing and electrical, which can impact long-term cash flow.
Only select units have been modernized, suggesting that a new owner will face future capital expenditures to renovate the remaining units to achieve top-of-market rents.
The owner is responsible for water and trash services, which are rising costs that cannot be directly passed through to tenants without a RUBS program.
**Excellent Investment Opportunity – 4-Unit Property in Prime Ontario Location** Well-maintained and fully occupied, this 4-unit multifamily property is a rare find in the heart of Ontario. Each unit offers 2 spacious bedrooms and 1.5 bathrooms, with reliable tenants already in place—perfect for immediate income generation. Situated on a large 15,000 sq ft lot, the property features a generous front yard and private backyard area behind the units, providing ample outdoor space for tenant enjoyment. Recent upgrades include: *New concrete driveway, *Expanded parking area, *New perimeter fence, *Some units include updated interiors. Each unit includes a dedicated detached carport, plus additional driveway parking. All units are separately metered for gas and electricity—tenants pay their own utilities; owner covers water and trash. Conveniently located near the 10 Freeway, Ontario International Airport, Ontario Mills Mall, schools, parks, and major shopping centers, this property offers excellent rental demand and long-term growth potential. A solid investment offering strong current cash flow, future upside potential, and an approximate 5.6% cap rate.
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 | 3,649 | 2,683 | 56% |
| Lot Size | 15,000 | 8,496 | 78% |
| Price | $1.42M | $825.0K | 89% |
| Price per sq ft | $389 | $389 | 50% |
| Built year | 1965 | 1955 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 189 | 189 | 56% |
Oct 15, 2025
$1,420,000
Initial Listing