108 S Vine Avenue, Ontario, California 91762, Ontario, - bed, bath
ACTIVE$665,000
108 S Vine Avenue, Ontario, California 91762
0Bed
0Bath
1Sqft
4,847Lot
Year Built
1920
Close
-
List price
$665K
Original List price
$699K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25207680
Home ConditionGood
Features
Deck
Patio
View-
About this home
$$ PRICE REDUCED FOR FAST SALE $$ Excellent opportunity for first-time buyers! Live in one unit and rent the other. Each unit features 2 bedrooms, 1 bathroom, and a spacious living room. Both units have separate gas and electric meters, with only one shared water meter. The property has been re-piped with new copper plumbing. Upgrades completed by the previous owner about 4 years ago include a new hot water heater, flooring, and cabinets. The property also offers a large parking area that can accommodate up to 9 cars. Included in the sale is a Tiki Hut with A/C, perfect for storage. Units are within walking distance to schools, parks, and shopping.
Price History
Date
Event
Price
11/03/25
Price Change
$665,000-2.6%
09/25/25
Price Change
$683,000-2.3%
09/09/25
Listing
$699,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (2 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1 | 3,130 | 33% |
| Lot Size | 4,847 | 7,270 | 33% |
| Price | $665K | $675K | 33% |
| Price per square foot | $665K | $233 | 67% |
| Built year | 1920 | 1920 | 50% |
| HOA | |||
| Days on market | 57 | 119 | 33% |
Condition Rating
Good
Despite being built in 1920, the property has undergone significant updates approximately 4 years ago, including new copper plumbing, a new hot water heater, updated flooring (LVP in living areas and kitchen), and new kitchen cabinets. The kitchen features a modern-looking backsplash and functional appliances, making it move-in ready. While not a full, extensive renovation, these updates address major systems and cosmetic elements, bringing the property to a 'good' condition. The absence of central air conditioning and the overall age of the original structure prevent it from reaching an 'excellent' rating, but the recent improvements make it a well-maintained home with no immediate renovation required.
Pros & Cons
Pros
Income-Generating Potential: The property is a duplex, offering an excellent opportunity for owner-occupancy with rental income or as a full investment property, appealing to first-time buyers and investors alike.
Significant Recent Upgrades: Key systems have been updated, including new copper plumbing throughout, and within the last four years, a new hot water heater, flooring, and cabinets were installed, reducing immediate capital expenditures.
Separate Utility Metering: Each unit benefits from separate gas and electric meters, simplifying tenant billing and management for the landlord.
Ample Parking: A large parking area capable of accommodating up to 9 cars is a significant advantage, especially for a multi-unit property, enhancing tenant convenience and property value.
Convenient Location: The property is within walking distance to schools, parks, and shopping, offering desirable accessibility and amenities for residents.
Cons
Property Age: Built in 1920, the property is over a century old. While some upgrades have been made, older properties can present unforeseen maintenance challenges or require further updates to other systems.
Shared Water Meter: Despite separate gas and electric meters, the single shared water meter for both units can complicate utility billing and management for the landlord, potentially leading to disputes or additional costs.
Lack of Clear Unit Square Footage: The provided data indicates a total square footage of 1 sqft, which is clearly an error, making it difficult to accurately assess the size and value of each unit without further verification.