720 S Sultana, Ontario, California 91761, Ontario, 91761 - 5 bed, 2 bath
ACTIVE$725,000$1,614/sqft
720 S Sultana, Ontario, California 91761
5Beds
2Baths
1,614Sqft
4,745Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: The property features two distinct units (a 3-bedroom and a 2-bedroom), offering excellent income-generating potential for investors or flexible living arrangements for owner-occupants seeking rental income.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1614, other record living area = 704. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
Compared to the nearby listings
Price:$725.0K vs avg $739.5K ($-14,500)50%
Size:1,614 sqft vs avg 1,581 sqft50%
Price/sqft:$449 vs avg $47425%
More Insights
Built in 1938 (88 years old).
Condition: Built in 1938, this property is aged. While the first unit boasts recent cosmetic updates including new kitchen cabinets, counters, fresh paint, and new flooring, the overall age of the structure suggests that major systems (plumbing, electrical, HVAC) are likely outdated or nearing the end of their lifespan. The bathroom, though clean, is basic and not extensively renovated. The condition of the second unit is also not detailed, implying it may require significant updates. These factors indicate the property is aged but has received some recent upkeep in one unit, fitting the 'Fair' category due to potential needs for major system updates and uneven renovation status.
Year Built
1938
Close
-
List price
$725K
Original List price
$725K
Price/Sqft
$449
HOA
-
Days on market
-
Sold On
-
MLS number
CV26008400
Home ConditionFair
Features
View-
About this home
Two on a lot. 724 and 720 Sultana First house is 3 bedroom 1 bath. New Kitchen cabinets and counters, Freshley painted, New flooring. Second unit 2 bedroom 1 bath. Easy access to freeways, shopping and schools. This is a must see, won't last!
K
Kimberley Moody
Listing Agent
Price History
Date
Event
Price
10/30/14
Sold
$230,000
Condition Rating
Fair
Built in 1938, this property is aged. While the first unit boasts recent cosmetic updates including new kitchen cabinets, counters, fresh paint, and new flooring, the overall age of the structure suggests that major systems (plumbing, electrical, HVAC) are likely outdated or nearing the end of their lifespan. The bathroom, though clean, is basic and not extensively renovated. The condition of the second unit is also not detailed, implying it may require significant updates. These factors indicate the property is aged but has received some recent upkeep in one unit, fitting the 'Fair' category due to potential needs for major system updates and uneven renovation status.
Pros & Cons
Pros
Multi-Unit Income Potential: The property features two distinct units (a 3-bedroom and a 2-bedroom), offering excellent income-generating potential for investors or flexible living arrangements for owner-occupants seeking rental income.
Recent Renovations (Main Unit): The first unit has undergone significant updates, including new kitchen cabinets, counters, fresh paint, and new flooring, enhancing its appeal and move-in readiness.
Strategic Location & Accessibility: Its location provides easy access to freeways, shopping centers, and schools, making it highly convenient for residents and attractive to potential tenants.
Investment Opportunity: As a duplex in Ontario, this property represents a solid investment opportunity with potential for steady rental income and long-term appreciation in a well-connected area.
Versatile Occupancy Options: The 'two on a lot' configuration allows for various uses, such as owner-occupancy with supplemental rental income, multi-generational living, or as a pure rental portfolio asset.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1614, other record living area = 704. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
Property Age & Potential System Updates: Built in 1938, the property's age suggests that major systems (e.g., plumbing, electrical, HVAC, roof) may be original or require significant updates beyond the cosmetic renovations mentioned.
Uneven Renovation Status: While the first unit is updated, the description provides no details on the condition or renovation status of the second 2-bedroom unit, implying it may require additional investment to match the first.
Low Bathroom-to-Bedroom Ratio: With a total of 5 bedrooms across both units sharing only 2 bathrooms (one per unit), the property has a low bathroom-to-bedroom ratio, which could be a functional drawback for larger families or multiple tenants.