656 E I, Ontario, California 91764, Ontario, 91764 - 7 bed, 5 bath
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Ontario, California 91764
This Triplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,180,000—positioned well below the $1,202,077 Fair Market Value by 1.8%. This valuation gap offers $22,077 in Instant Equity. Featuring a brand-new 3-bedroom ADU and an extensively updated front house, the property maintains a Condition Rating of 2. With a 4-car tandem garage and flexible rental configurations, this turnkey property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate income-producing potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 656 E I Subject | $1,180,000* List Price | 7 | 5 | 2,835 | $424 | - |
A 1402 Virginia Active Under Contract | $990,000 List Price | 0 | 0 | 2,418 | $409 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a brand-new 3-bedroom ADU and a front house that underwent an extensive renovation within the last few years. Interior images show modern shaker-style cabinetry, quartz countertops, stainless steel appliances, new LVP flooring, recessed lighting, and dual-pane windows. With updated central HVAC systems and a turnkey interior, the property meets the criteria for a recent high-end renovation.
The triplex configuration, featuring a brand-new 3-bedroom ADU and a studio unit, offers exceptional flexibility for owner-occupants or investors seeking multiple income streams.
The front house has been extensively updated with a remodeled kitchen, newer appliances, dual-pane windows, and central HVAC, reducing immediate capital expenditure for the buyer.
A rare 4-car tandem garage provides significant off-street parking, which is a critical and highly desirable asset for a high-occupancy multi-unit property.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 3.
With three units and a large garage footprint on a 6,566 sqft lot, there is minimal private yard space available for tenants, potentially impacting long-term appeal for families.
Originally built in 1932, the property may require ongoing maintenance of aging foundational elements and utility systems despite the recent cosmetic and unit-specific upgrades.
Three units on a large lot! Great opportunity for owner-occupants or investors. This property features a single-story front house, a bonus studio unit above the garage, and a brand-new 3-bedroom, 2-bathroom ADU. Live in the front house and rent out the back units, or keep all units as an income-producing rental property. The front house was extensively updated a few years ago with fresh paint, updated flooring, ceiling fans, an upgraded kitchen, and newer appliances. Additional features include central heating and air conditioning, dual-pane windows, and a 4-car tandem garage. A rare opportunity with flexible living options and excellent rental potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 3.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 2,835 | 1,448 |
| Lot Size | 6,566 | 7,361 |
| Price | $1.18M | $860.8K |
| Price per sq ft | $416 | $408 |
| Built year | 1932 | 1972 |
| HOA | $0 | $0 |
| Days on market | 21 | 58 |
Jul 1, 2026
$1,180,000
Initial Listing
Dec 28, 2021
$715,000
Public Record
May 7, 2021
$500,000
Public Record