951 E Elma Street, Ontario, California 91764, Ontario, 91764 - bed, bath
ACTIVE UNDER CONTRACT$725,000
951 E Elma Street, Ontario, California 91764
0Bed
0Bath
1,449Sqft
5,676Lot
Year Built
1956
Close
-
List price
$725K
Original List price
$725K
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
TR25127447
Home ConditionExcellent
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $725.0K(33th), sqft - 1449(11th), beds - undefined(50th), baths - undefined(50th).
Seize this exceptional opportunity to acquire a renovated duplex in the heart of Ontario .This home offer 2 units. Unit 1 is a 2bed/1bath and Unit 2 is 2bed/1 bath , plus an unconfirmed studio on the back. Residents will be able to reach downtown Ontario in minutes as well as the 10 and 15 freeways for easy access to neighboring cities . The property's occupancy delivery vacant , allows new owners to set rental rates at market value, maximizing their return on investment. Schedule a viewing today to experience the potential of this exceptional investment property.
Price History
Date
Event
Price
06/06/25
Listing
$725,000
Condition Rating
Excellent
Despite being built in 1956, this duplex has undergone a comprehensive and recent renovation, aligning with 'extensively renovated within 5 years' criteria. The kitchens feature modern white shaker cabinets, stainless steel appliances, and contemporary countertops. Bathrooms are fully updated with modern vanities, subway tile showers, and new fixtures. Throughout the units, there is new wood-look laminate flooring, fresh paint, modern light fixtures, and mini-split AC units, indicating a high standard of recent updates and move-in readiness with virtually new components.
Pros & Cons
Pros
Strong Income Potential: The property is a duplex with vacant delivery, allowing new owners to immediately set market rental rates and maximize return on investment.
Prime Location: Located in the heart of Ontario, offering quick access to downtown and major freeways (10 and 15), which enhances tenant desirability and property value.
Renovated Condition: Described as a 'renovated duplex,' suggesting recent updates that could reduce immediate capital expenditure for a new owner.
Multi-Unit Configuration: Comprises two 2-bedroom/1-bath units, providing diversified rental income streams and appealing to a broader tenant base.
Investment Opportunity: Explicitly marketed as an 'exceptional investment property,' highlighting its potential for cash flow and long-term appreciation.
Cons
Age of Property: Built in 1956, the property is 68 years old, which may indicate potential for aging infrastructure, systems, and higher maintenance costs.
Unconfirmed Studio: The presence of an 'unconfirmed studio' raises concerns about its legality, permitting, and potential for code compliance issues, which could lead to future expenses or restrictions.
Lack of Renovation Specifics: While 'renovated' is mentioned, the description lacks details on the extent and quality of updates (e.g., roof, HVAC, electrical, plumbing), creating uncertainty about the property's true condition.