1343 S Sultana Avenue, Ontario, California 91761, Ontario, - bed, bath
ACTIVE$750,000
1343 S Sultana Avenue, Ontario, California 91761
0Bed
0Bath
1,560Sqft
6,920Lot
Year Built
1953
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
TR25191782
Home ConditionPoor
Features
View-
About this home
Excellent Investment Opportunity! 1343 S Sultana Ave, Ontario offers a duplex with two 2-bedroom, 1-bath units totaling 1,560 sq. ft. of living space on a 6,920 sq. ft. corner lot. The property includes a fully fenced yard and two covered carport spaces. This duplex provides the perfect opportunity for value-add improvements and future upside. The spacious lot also allows room for an addition or potential ADU development (buyer to verify). Currently 100% tenant-occupied, the property generates immediate rental income and is situated in a centrally located, high-demand Ontario neighborhood near schools, shopping, dining, and freeway access. Ideal for investors seeking a 1031 exchange, long-term rental growth, or renovation project.
Price History
Date
Event
Price
08/25/25
Listing
$750,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (3 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,560 | 1,756 | 50% |
| Lot Size | 6,920 | 6,560 | 50% |
| Price | $750K | $827K | 25% |
| Price per square foot | $481 | $471 | 50% |
| Built year | 1953 | 9790981 | 25% |
| HOA | |||
| Days on market | 72 | 167 | 25% |
Condition Rating
Poor
Built in 1953, this property is 71 years old. The listing description explicitly states it's an 'opportunity for value-add improvements' and a 'renovation project,' indicating a need for substantial rehabilitation rather than minor updates. The visible bathroom is significantly outdated with old fixtures and tiling, suggesting it has not undergone major renovations in decades. While tenant-occupied and seemingly structurally sound from the exterior, the interior condition, particularly the bathroom, and the property's age align with the 'poor' category, requiring significant investment to modernize.
Pros & Cons
Pros
Investment Opportunity: The property is a duplex with two units, offering an excellent investment opportunity for immediate rental income and long-term growth.
Immediate Rental Income: Currently 100% tenant-occupied, ensuring immediate cash flow for the investor from day one.
Value-Add Potential: Provides significant opportunity for value-add improvements and future upside, appealing to investors seeking renovation projects.
ADU & Expansion Potential: The spacious 6,920 sq. ft. corner lot allows for potential additions or Accessory Dwelling Unit (ADU) development, increasing future income potential.
Desirable Location: Situated in a centrally located, high-demand Ontario neighborhood with convenient access to schools, shopping, dining, and major freeways.
Cons
Age of Property: Built in 1953, the property is older, which may imply a need for significant updates to systems, infrastructure, or aesthetics.
Requires Renovation/Capital Investment: Described as a 'renovation project' and having 'value-add improvements' potential, indicating it is not turn-key and will require additional capital expenditure.
ADU Verification Required: While ADU potential exists, the description states 'buyer to verify,' suggesting potential complexities, costs, or uncertainties in obtaining necessary approvals.