428 S Sultana Avenue, Ontario, California 91761, Ontario, - bed, bath

home-pic
ACTIVE$830,000
428 S Sultana Avenue, Ontario, California 91761
0Bed
0Bath
1,980Sqft
3,750Lot
Year Built
1935
Close
-
List price
$830K
Original List price
$830K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25129268
Home ConditionGood
Features
View-

About this home

These exceptional units are in the City of Ontario. Mixed use, Residential and commercial zoning. Units are completely remodeled and demolished to the studs with City plans that called all new electrical and new meters. New copper plumbing throughout, new windows, insulation drywall, flooring, roof bathrooms, kitchen, new mini split AC units on all three. They have tankless water heather. Two units are residential, the first unit has 3 bedrooms, 1 bathroom and laundry room the second unit has 1 bedroom 1 bath, third is a permitted commercial unit. Plans have been submitted to the City to add a 4th unit for an ADU. All three units are currently occupied, long term tenants. Conveniently located close to public transportation, restaurants, interstate 10 Freeway, Ontario Airport, Ontario Mills Mall and Victoria Gardens. Great opportunity to generate residential and commercial rental income.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (3 Listings)
Beds00
Baths00
Square foot1,9801,966
50%
Lot Size3,7505,938
25%
Price$830K$865K
50%
Price per square foot$419$440
50%
Built year19359790981
25%
HOA
Days on market148166
25%
Condition Rating
Good

The property was built in 1935 but has been completely remodeled to the studs, including new electrical, plumbing, windows, insulation, drywall, flooring, roof, bathrooms, kitchen, and mini-split AC units. This extensive renovation brings the property up to a 'good' condition, as it's move-in ready with no immediate renovation required. The kitchen and bathrooms appear modern and functional in the images.
Pros & Cons

Pros

Completely Remodeled Units: All units have been completely remodeled to the studs with new electrical, plumbing, windows, insulation, drywall, flooring, roof, bathrooms, and kitchens, minimizing immediate maintenance costs.
Mixed-Use Zoning: The property's mixed-use (Residential and Commercial) zoning provides flexibility and potential for diverse income streams.
New Mini-Split AC Units: Each unit is equipped with new mini-split AC units, offering individual climate control and energy efficiency.
Tankless Water Heaters: The property features tankless water heaters, providing on-demand hot water and potential energy savings.
Prime Location: Conveniently located near public transportation, restaurants, Interstate 10 Freeway, Ontario Airport, Ontario Mills Mall, and Victoria Gardens, enhancing tenant appeal.

Cons

Year Built (1935): The property was built in 1935, which may present challenges related to older construction and potential future maintenance needs despite the recent remodel.
Lot Size: The lot size is relatively small (3750 sqft), potentially limiting expansion or outdoor amenity options.
Tenant Occupied: All three units are currently occupied by long-term tenants, which may limit immediate flexibility for owner occupancy or rent adjustments.

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