951 E Elma Street, Ontario, California 91764, Ontario, 91764 - 0 bed, 0 bath
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Ontario, California 91764
This Renovated Income Property is a Strong Value Opportunity, listed at $785,000—positioned well below the $854,252 Fair Market Value by 8%. This valuation gap offers $69,252 in Instant Equity. Featuring a Renovated Condition Rating, the duplex includes two updated 2-bedroom units and a bonus studio, delivered vacant to allow for immediate market-rate leasing. Located near Downtown Ontario and major freeways, it ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 951 E Elma Street Subject | $785,000* List Price | 0 | 0 | 1,449 | $590 | - |
A 820 E D Street Active | $659,000 List Price | 0 | 0 | 940 | $701 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1956, the property has undergone a comprehensive renovation within the last 5 years. Visual evidence shows modern mini-split HVAC systems, updated laminate flooring, newer vinyl windows, and refreshed interior/exterior paint. The property appears move-in ready with no immediate maintenance required.
The property is delivered vacant, allowing an investor to bypass existing lease limitations and immediately set rental rates at current market value to maximize return on investment.
As a renovated duplex, the property minimizes immediate capital expenditure requirements for the buyer, offering modern living spaces that attract high-quality tenants.
Proximity to downtown Ontario and easy access to the 10 and 15 freeways ensure consistent rental demand from commuters and local professionals.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1449, other record living area = 837.
The 'unconfirmed' studio in the back presents a potential liability regarding building code compliance and may require additional investment to legalize or permit as a formal ADU.
With a modest lot size of 5,676 square feet for multiple units, the property may offer limited outdoor space and potential parking challenges for a full roster of tenants.
Seize this exceptional opportunity to acquire a renovated duplex in the heart of Ontario .This home offer 2 units. Unit 1 is a 2bed/1bath and Unit 2 is 2bed/1 bath , plus an unconfirmed studio on the back. Residents will be able to reach downtown Ontario in minutes as well as the 10 and 15 freeways for easy access to neighboring cities . The property's occupancy delivery vacant , allows new owners to set rental rates at market value, maximizing their return on investment. Schedule a viewing today to experience the potential of this exceptional investment property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,449 | 1,768 | 14% |
| Lot Size | 5,676 | 8,008 | 14% |
| Price | $785.0K | $775.0K | 57% |
| Price per sq ft | $542 | $368 | 86% |
| Built year | 1956 | 1956 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 109 | 14% |
May 4, 2026
$785,000
Initial Listing
Oct 14, 2021
$478,000
Public Record
Mar 5, 1999
$135,000
Public Record
Sep 28, 1998
$86,000
Public Record