714 W Nevada, Ontario, California 91762, Ontario, 91762 - 0 bed, 0 bath
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714 W Nevada
Ontario, California 91762
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,132Sq Ft
7,084Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$852,084
5% AboveMARKET VALUE
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well below the $852,084 Fair Market Value by -5%. While the property requires modernization, its Fair Condition Rating and three 2-bedroom units provide immediate cash flow. The lack of local rent control and inclusion of three detached garages offer significant upside for revenue growth. This asset is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on Ontario’s rental demand through systematic unit upgrades.
Estimated Market Value
$852,084
Based on Realkey algorithm analyzing recent comparable sales in Ontario.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 714 W Nevada Subject | $899,000* List Price | 0 | 0 | 2,132 | $400 | - |
A 322 W B Active | $999,900 List Price | 0 | 0 | 2,641 | $379 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1957 with no evidence of major renovations in the last 30 years. The interior features dated wall heaters, worn carpeting, and aged finishes. While tenant-occupied, the property requires a comprehensive rehab of kitchens, bathrooms, and mechanical systems to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Configuration
The property features three desirable 2-bedroom, 1-bathroom units across two separate buildings, providing a versatile layout that maximizes rental appeal and privacy for tenants.
- Immediate Cash Flow
All three units are currently tenant-occupied, ensuring immediate rental income for the investor from the day of acquisition with no initial vacancy period.
- Value-Add Potential
With no local rent control and three detached garage spaces, there is significant potential to increase revenue through market-rate rent adjustments and potential utility or storage fees.
CONSRISKS & DEFICIENCIES
- Statewide Rent Regulations
The property is subject to California’s AB 1482, which imposes caps on annual rent increases and requires just-cause for tenant displacement, limiting management flexibility.
- Vintage Infrastructure
Originally built in 1957, the property may require ongoing capital expenditures for modernizing systems or addressing deferred maintenance typical of mid-century structures.
About 714 W Nevada
Excellent investment opportunity in Ontario! This unique triplex features two separate buildings with three 2-bedroom, 1-bathroom units, plus three detached garage spaces. The property offers inviting curb appeal with a spacious fenced front yard, winding brick walkways, and a charming brick front porch. All three units are currently tenant occupied, providing immediate rental income with potential upside in rents. Conveniently configured and full of opportunity, this property is an appealing addition to any investment portfolio. No local rent control; property may be subject to California’s AB 1482. Buyer to verify all rental regulations, exemptions, rents, and tenancy information.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1957
- Lot Size
- 7,084 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.8 |
| Baths | 0.0 | 2.5 |
| Square foot | 2,132 | 1,271.375 |
| Lot Size | 7,084 | 7,889.25 |
| Price | $899.0K | $748.0K |
| Price per sq ft | $422 | $486 |
| Built year | 1957 | 1958 |
| HOA | $0 | $0 |
| Days on market | 6 | 58 |
Pricing History
Listed for Sale
Sep 3, 2026
$899,000
Initial Listing
Sold
Aug 25, 2004
$430,000
Public Record
Sold
Jan 13, 2003
$210,000
Public Record