718 E Maitland Street, Ontario, California 91761, Ontario, - bed, bath

home-pic
ACTIVE$2,100,000
718 E Maitland Street, Ontario, California 91761
17Beds
5Baths
10,305Sqft
29,732Lot
Year Built
1969
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25133188
Home ConditionPoor
Features
View-

About this home

Rare Redevelopment Opportunity in Prime Ontario Location – 10,035 SF Building on 0.68 Acres sale with Approved Fourplex Conversion Plan Near Ontario Airport A unique investment opportunity awaits with this expansive 10,035 square foot property situated on a generous 0.68 acre lot in the heart of Ontario, California. Originally built as a private educational facility, this structure is currently undergoing a strategic redevelopment to transform it into a fully approved fourplex residential complex which is perfectly suited for multi-generational living, institutional leasing, or income generating rentals. The city-approved architectural plans reimagine the existing footprint into four fully independent residential units, each with its own private entry, kitchen, and laundry. Interior demolition has already been completed, and the project is ready for final permitting and construction. Unit A: 481 SF with 1 bed, 1 bath, kitchen, living room, laundry Unit B: 7,516 SF with 8 beds, 7 baths + powder room, dual kitchens, large dining, multiple living spaces, 3 master suites Unit C: 865 SF with 1 bed, 2 baths, office, kitchen, living room Unit D: 1,090 SF with 1 bed, 2 baths, office, kitchen, living room Each unit will have separate electrical and water meters. The property also features a 240 SF detached garage, redesigned landscaping, and ample yard space with future expansion potential. Prime location just minutes from Ontario International Airport, major freeways (I-10, I-15, 60), and key business corridors. This property offers incredible flexibility for residential rental, group housing, assisted living, foster care, or community services. Zoned for high utility and long-term upside, this project is ideal for developers, institutional investors, or owner-operators seeking scalable residential or care-facility potential in a thriving Inland Empire location.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (178 Listings)
Beds174
99%
Baths53
97%
Square foot10,3051,800
99%
Lot Size29,7325,700
99%
Price$2.1M$754K
99%
Price per square foot$204$412
1%
Built year19691988
8%
HOA
Days on market135174
32%
Condition Rating
Poor

The property, built in 1969, is currently undergoing demolition for a fourplex conversion. Images show the interior stripped down to the studs, indicating substantial repairs and rehabilitation are required. While there are approved plans, the current state of the property reflects significant deferred maintenance and incomplete work, placing it in poor condition.
Pros & Cons

Pros

Redevelopment Opportunity: Approved fourplex conversion plan provides immediate redevelopment potential.
Large Lot Size: Generous 0.68 acre lot offers ample space and future expansion possibilities.
Prime Location: Minutes from Ontario International Airport, major freeways (I-10, I-15, 60), and key business corridors.
Flexible Zoning: Zoned for high utility, suitable for residential rental, group housing, assisted living, foster care, or community services.
Approved Plans: City-approved architectural plans are in place, and interior demolition is complete, streamlining the redevelopment process.

Cons

Construction Required: The property requires significant construction to complete the fourplex conversion.
Uncertainty of Final Costs: Final permitting and construction costs are yet to be determined, introducing financial uncertainty.
Unique Unit Sizes: Unit sizes are highly variable, with one unit significantly larger than the others, potentially limiting tenant pool.

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