141 S Cypress Avenue, Ontario, California 91762, Ontario, - bed, bath

home-pic
ACTIVE$855,000
141 S Cypress Avenue, Ontario, California 91762
3Beds
2Baths
1,121Sqft
22,900Lot
Year Built
1905
Close
-
List price
$855K
Original List price
$855K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
AR25128113
Home ConditionFair
Features
View-

About this home

Exceptional Investment & Residential Opportunity in Ontario Discover this charming 3-bedroom, 1.5-bathroom home, impeccably maintained and situated on an expansive lot. Featuring a functional floor plan and spacious living areas, this home offers comfort and practicality in a prime location. Enjoy easy access to major freeways, shopping centers, and schools—making it ideal for homeowners and investors alike. This unique offering includes three adjacent parcels and the sale price will include APN: 1049-012-20-0-000, 1049-012-19-0-000, 1049-012-18-0-000. (APNs: 1049-012-20-0000, 1049-012-19-0000, and 1049-012-18-0000), opening the door to exceptional development potential. Located in a high-traffic commercial and residential zone, just minutes from Ontario International Airport and the Ontario Convention Center, the property presents an excellent opportunity for commercial or industrial redevelopment. Surrounded by national retailers and business infrastructure, the site is ideal for investors looking to capitalize on Ontario’s dynamic growth. Don’t miss this rare chance to own a versatile property offering both immediate livability and long-term investment value.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (109 Listings)
Beds34
40%
Baths23
48%
Square foot1,1211,811
9%
Lot Size22,9007,200
95%
Price$855K$777K
74%
Price per square foot$763$419
99%
Built year19059880989
1%
HOA
Days on market148159
43%
Condition Rating
Fair

The property was built in 1905. The kitchen appears to have been updated with newer cabinets and countertops, and the bathroom also seems to have been updated. However, the overall style and some elements suggest that the renovation was not recent. The flooring appears newer. Given the age and the apparent updates, the condition is assessed as Fair.
Pros & Cons

Pros

Development Potential: The inclusion of three adjacent parcels offers significant development potential, especially given the high-traffic commercial and residential zoning.
Prime Location: Located minutes from Ontario International Airport and the Ontario Convention Center, providing excellent access and visibility.
Investment Opportunity: Presents a rare chance to own a versatile property with both immediate livability and long-term investment value in a dynamic growth area.
Spacious Lot: The property sits on an expansive lot, offering ample space for various uses and potential expansion.
Accessibility: Easy access to major freeways, shopping centers, and schools enhances the property's appeal for both homeowners and investors.

Cons

Age of Property: Built in 1905, the property may require updates and maintenance to meet modern standards and address potential structural issues.
Limited Bathrooms: Only 1.5 bathrooms for a 3-bedroom house might be insufficient for some families, potentially impacting resale value.
Potential Redevelopment Costs: While offering redevelopment potential, the costs associated with demolition, construction, and obtaining necessary permits could be substantial.

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