225 N Campus Avenue, Ontario, California 91764, Ontario, 91764 - bed, bath

ACTIVE$624,900
225 N Campus Avenue, Ontario, California 91764
0Bed
0Bath
1,000Sqft
7,203Lot
Year Built
1949
Close
-
List price
$625K
Original List price
$700K
Price/Sqft
$625
HOA
-
Days on market
-
Sold On
-
MLS number
CV25012660
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $624.9K(22th), sqft - 1000(11th), beds - undefined(50th), baths - undefined(50th).
Price Correction. Great income from these 2 units in Ontario. Both units have very low maintenance, new electrical throughout the house, ceiling fans, plumbing, and indoor washer and dryer hookups. Also included is a 2-car garage which both neighbors share, and also a gated backyard for easy access and extra parking. Great tenants that pay all their own utilities and mow the lawn. These units are an excellent opportunity for any investors.
Condition Rating
Good
Despite being built in 1949, this property has undergone significant and recent renovations. The listing explicitly states 'new electrical throughout the house, ceiling fans, plumbing, and indoor washer and dryer hookups.' The images confirm a modern, updated kitchen with white shaker cabinets, dark countertops, subway tile backsplash, and a stainless steel sink. The bathroom also features a contemporary white vanity and subway tile shower surround. Consistent light-colored tile flooring is present throughout the units, and recessed lighting adds to the updated feel. While the original structure is old, and there's a visible wall heater (suggesting no central AC) and popcorn ceilings, the extensive updates to major systems and key living areas make the property move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
Pros & Cons
Pros
Strong Income Potential: Explicitly marketed as a 'Great income' property and an 'excellent opportunity for any investors' due to its duplex configuration, offering immediate cash flow.
Recent System Upgrades: Significant updates including new electrical throughout the house, new plumbing, and indoor washer/dryer hookups, reducing immediate capital expenditure for a new owner.
Responsible Tenants: The property boasts 'great tenants' who are responsible for paying all their own utilities and maintaining the lawn, minimizing landlord overhead and ensuring consistent net income.
Valuable Amenities: Includes a shared 2-car garage and a gated backyard with extra parking, providing desirable features for tenants and enhancing the property's overall appeal and functionality.
Recent Price Reduction: A 'Price Correction' from $699,900 to $624,900 indicates a more attractive entry point for investors, potentially offering better value and a higher cap rate.
Cons
Property Age: Built in 1949, the property is over 70 years old. While some systems are updated, the age may imply potential for unforeseen maintenance issues with other structural or original components.
Small Unit Size: With a total of 1000 sqft for two units, each unit is approximately 500 sqft, which is relatively small and could limit the tenant demographic or rental income potential compared to larger units.
Lack of Views: The property description explicitly states 'None' for views, which might be a minor detractor for some potential tenants or buyers seeking aesthetic appeal or premium features.





