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545 W Locust, Ontario, California 91762, Ontario, 91762 - 3 bed, 1 bath

545 W Locust, Ontario, California 91762 home-pic-0
ACTIVE UNDER CONTRACT$515,000
545 W Locust, Ontario, California 91762
3Beds
1Bath
976Sqft
9,700Lot
Year Built
1947
Close
-
List price
$515K
Original List price
$515K
Price/Sqft
$528
HOA
-
Days on market
-
Sold On
-
MLS number
SB25258140
Home ConditionPoor
Features
Pool
Patio
ViewNeighborhood

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,6 Pros. Rank: price - $515.0K(4th), sqft - 976(5th), beds - 3(42th), baths - 1(8th).

Located in a quiet, established neighborhood in San Bernardino County, this 3-bedroom, 1-bathroom single-story home is a perfect opportunity for investors, flippers, or anyone ready to bring their vision to life. Sitting on an expansive 9,700 sq. ft. lot, the property offers endless potential for additions, ADU possibilities, outdoor entertaining spaces, and more. The home features a deep, empty pool ready to be restored or reimagined, plus a spacious backyard ideal for creating your dream outdoor oasis. Inside, the layout is functional and filled with opportunity—ready for a full renovation to maximize its value. Located near schools, parks, local shopping, and major freeways, this home sits in a great community with strong pride of ownership. Rare chance to transform a property with excellent bones and long-term upside.

Price History

Date
Event
Price
11/11/25
Listing
$515,000
Condition Rating
Poor
Built in 1947, this property is explicitly marketed as needing a 'full renovation' for investors and flippers. The images confirm a 'poor' condition: the kitchen features original, heavily dated wood cabinets, old laminate countertops, and an outdated range, all requiring complete replacement. The single bathroom is in disrepair with old, damaged tiles, an aged tub, and missing wall sections. Throughout the home, there are stained and worn carpets (including bright blue shag), dirty and cracked floor tiles, exposed wiring, and basic, old light fixtures. The exterior shows peeling paint, and the empty pool is a significant liability. While the description mentions 'excellent bones,' the property requires substantial repairs and rehabilitation to all major components and finishes to be safe and comfortable for modern living.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9700, living area = 976.
Expansive Lot Size: The property sits on an expansive 9,700 sq. ft. lot, offering significant potential for additions, ADU possibilities, and extensive outdoor development.
Investment & Renovation Opportunity: Explicitly marketed as a perfect opportunity for investors, flippers, or those seeking to bring their vision to life, with 'excellent bones' and 'long-term upside' for value maximization through renovation.
ADU & Expansion Potential: The large lot size directly supports the addition of an Accessory Dwelling Unit (ADU) and other property expansions, a key value driver in the current market.
Desirable Neighborhood: Located in a quiet, established neighborhood with strong pride of ownership, offering convenient access to schools, parks, local shopping, and major freeways.
Outdoor Living Canvas: The spacious backyard and existing (though empty) pool provide a substantial canvas for creating a custom outdoor oasis or entertainment space.

Cons

Extensive Renovation Required: The home is 'ready for a full renovation,' indicating substantial immediate investment and effort will be needed to modernize and maximize its value.
Limited Bathroom Count: With only one bathroom for a three-bedroom home, this is a significant functional and marketability drawback that will likely require an upgrade for most buyers.
Empty/Unusable Pool: The 'deep, empty pool ready to be restored or reimagined' represents a current liability and a significant cost for either repair/restoration or removal, rather than an immediate amenity.

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