12
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$1,100,000
$1,050,000 4.8%
Est. payment /mo
7,379 Sqft Lot
Sold on 04/03/2025
1222 W J ST Ontario, CA 91762
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Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV25045184
Year Built 1962
Lot Size 7,379 Sqft
Property Sub-Type Quadruplex
Property Description
We are pleased to exclusively present an excellent
investment opportunity in Ontario, California. This 4-unit multifamily property offers a prime location
across from Elderberry Elementary School and sits on a well-maintained 0.17-acre lot. Built in 1962, the
property features all 2-bedroom, 2-bathroom units, each approximately 875 square feet.
Tenants enjoy on-site laundry and garage parking, with one garage space allocated per unit. In addition,
each unit offers a private balcony or patio. Significant upgrades have been made, including a new roof in
2023, a new water heater in 2024, and new showers in two of the units. The owner is responsible for water,
trash, sewer, while tenants pay for their own gas & electricity.
This investment presents an excellent value-add opportunity for investors looking to capitalize on rental
growth in a strong, stable market. Laundry Lease in place and Buyer to assume at closing.
investment opportunity in Ontario, California. This 4-unit multifamily property offers a prime location
across from Elderberry Elementary School and sits on a well-maintained 0.17-acre lot. Built in 1962, the
property features all 2-bedroom, 2-bathroom units, each approximately 875 square feet.
Tenants enjoy on-site laundry and garage parking, with one garage space allocated per unit. In addition,
each unit offers a private balcony or patio. Significant upgrades have been made, including a new roof in
2023, a new water heater in 2024, and new showers in two of the units. The owner is responsible for water,
trash, sewer, while tenants pay for their own gas & electricity.
This investment presents an excellent value-add opportunity for investors looking to capitalize on rental
growth in a strong, stable market. Laundry Lease in place and Buyer to assume at closing.
Location
State CA
County San Bernardino
Area 686 - Ontario
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Building
Lot Description 16-20 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Kevin Struve • MARCUS & MILLICHAP • kevin.struve@marcusmillichap.com
Bought with XENIA CHAO • Pinnacle Real Estate Group
Bought with XENIA CHAO • Pinnacle Real Estate Group
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