718 E Maitland Street, Ontario, California 91761, Ontario, 91761 - 17 bed, 5 bath

718 E Maitland Street, Ontario, California 91761 home-pic-0
ACTIVE$2,100,000
718 E Maitland Street, Ontario, California 91761
17Beds
5Baths
10,305Sqft
29,732Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Approved Redevelopment Plan: The property comes with city-approved architectural plans for a fourplex conversion, significantly de-risking the project and saving considerable time for the buyer.
Top Cons:
Requires Significant Further Investment & Project Management: The property is not complete; it requires 'final permitting and construction,' meaning substantial additional capital, time, and active project management from the buyer to realize its full potential.

Compared to the nearby listings

Price:$2.10M vs avg $760.0K (+$1,340,050)99%
Size:10,305 sqft vs avg 1,889 sqft99%
Price/sqft:$204 vs avg $3991%

More Insights

Built in 1969 (56 years old).
Condition: The property, built in 1969, is currently undergoing redevelopment. The description explicitly states that 'interior demolition has already been completed,' and the images confirm a gutted interior with exposed studs, old and dirty flooring, and stained ceilings. There are no functional kitchens, bathrooms, or living spaces. While the exterior structure is being repurposed, the interior is unlivable and requires a complete build-out, which constitutes substantial rehabilitation. This condition aligns with the 'poor' category, as it is unsafe and uncomfortable to live in its current state and requires extensive work to become habitable.
Year Built
1969
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
$204
HOA
-
Days on market
-
Sold On
-
MLS number
IV25133188
Home ConditionPoor
Features
View-

About this home

Rare Redevelopment Opportunity in Prime Ontario Location – 10,035 SF Building on 0.68 Acres sale with Approved Fourplex Conversion Plan Near Ontario Airport A unique investment opportunity awaits with this expansive 10,035 square foot property situated on a generous 0.68 acre lot in the heart of Ontario, California. Originally built as a private educational facility, this structure is currently undergoing a strategic redevelopment to transform it into a fully approved fourplex residential complex which is perfectly suited for multi-generational living, institutional leasing, or income generating rentals. The city-approved architectural plans reimagine the existing footprint into four fully independent residential units, each with its own private entry, kitchen, and laundry. Interior demolition has already been completed, and the project is ready for final permitting and construction. Unit A: 481 SF with 1 bed, 1 bath, kitchen, living room, laundry Unit B: 7,516 SF with 8 beds, 7 baths + powder room, dual kitchens, large dining, multiple living spaces, 3 master suites Unit C: 865 SF with 1 bed, 2 baths, office, kitchen, living room Unit D: 1,090 SF with 1 bed, 2 baths, office, kitchen, living room Each unit will have separate electrical and water meters. The property also features a 240 SF detached garage, redesigned landscaping, and ample yard space with future expansion potential. Prime location just minutes from Ontario International Airport, major freeways (I-10, I-15, 60), and key business corridors. This property offers incredible flexibility for residential rental, group housing, assisted living, foster care, or community services. Zoned for high utility and long-term upside, this project is ideal for developers, institutional investors, or owner-operators seeking scalable residential or care-facility potential in a thriving Inland Empire location.

Condition Rating
Poor

The property, built in 1969, is currently undergoing redevelopment. The description explicitly states that 'interior demolition has already been completed,' and the images confirm a gutted interior with exposed studs, old and dirty flooring, and stained ceilings. There are no functional kitchens, bathrooms, or living spaces. While the exterior structure is being repurposed, the interior is unlivable and requires a complete build-out, which constitutes substantial rehabilitation. This condition aligns with the 'poor' category, as it is unsafe and uncomfortable to live in its current state and requires extensive work to become habitable.
Pros & Cons

Pros

Approved Redevelopment Plan: The property comes with city-approved architectural plans for a fourplex conversion, significantly de-risking the project and saving considerable time for the buyer.
Versatile Use & Income Potential: Designed for multi-generational living, institutional leasing, or income-generating rentals, with explicit suitability for group housing, assisted living, foster care, or community services, offering diverse revenue streams.
Prime Location & Connectivity: Strategically located minutes from Ontario International Airport, major freeways (I-10, I-15, 60), and key business corridors, ensuring high demand and excellent accessibility.
Advanced Stage of Redevelopment: Interior demolition is complete, and the project is 'ready for final permitting and construction,' indicating a near shovel-ready state that reduces immediate project overhead for the buyer.
Large Property with Expansion Potential: A substantial 10,035 SF building on a generous 0.68-acre lot provides ample space for the fourplex and offers 'future expansion potential' and 'ample yard space,' adding long-term value.

Cons

Requires Significant Further Investment & Project Management: The property is not complete; it requires 'final permitting and construction,' meaning substantial additional capital, time, and active project management from the buyer to realize its full potential.
Unconventional Unit Configuration: The exceptionally large Unit B (7,516 SF with 8 beds and 7+ baths) within a fourplex setup is unconventional and might limit the pool of potential tenants or specific use cases, or require a very specific type of institutional or multi-generational tenant.
Age of Original Structure: Despite redevelopment plans, the underlying structure dates back to 1969, which could lead to unforeseen issues with existing infrastructure or require more extensive upgrades beyond the current scope of the fourplex conversion.

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