225 N Campus Avenue, Ontario, California 91764, Ontario, - 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
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25012660
Home ConditionFair
Features
View-
About this home
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.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (9 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,000 | 1,994 | 10% |
| Lot Size | 7,203 | 7,020 | 60% |
| Price | $625K | $810K | 20% |
| Price per square foot | $625 | $405.5 | 90% |
| Built year | 1949 | 9770977 | 40% |
| HOA | |||
| Days on market | 281 | 219 | 80% |
Condition Rating
Fair
The property was built in 1949. The listing mentions new electrical and plumbing, but the images show basic, older style kitchens and bathrooms. The flooring appears to be updated tile in some areas. Overall, it seems maintained but aged, requiring some updates to bring it to modern standards.
Pros & Cons
Pros
Income Potential: The property offers great income potential as a duplex with two units.
Low Maintenance: Both units are described as having very low maintenance, reducing ongoing costs.
Recent Upgrades: The property features new electrical throughout, plumbing upgrades, and indoor washer/dryer hookups, enhancing its appeal to tenants.
Tenant Paid Utilities: Tenants are responsible for paying all their own utilities, increasing the owner's net income.
Gated Backyard & Extra Parking: The property includes a gated backyard for easy access and extra parking, adding convenience and security.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1000, other record living area = 960.
Age of Property: Built in 1949, the property may require ongoing maintenance and potential upgrades due to its age.
Shared Garage: The 2-car garage is shared between both units, which could lead to potential conflicts or inconveniences for tenants.
Lot Size: The lot size is relatively small, which may limit future expansion or outdoor amenity options.