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Sold for $1,100,000 on 04/03/25
  • Listing Provided by: 

    Kevin Struve DRE #01266441 kevin.struve@marcusmillichap.com,

    MARCUS & MILLICHAP

    $1,100,000

    1222 W J St, Ontario, CA 91762

    --beds
    --baths
    3,552sqft
    Quadruplex
    Built in 1962
    -- sqft lot
    $1,094,800 Zestimate®
    $310/sqft
    $1,880 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: April 03, 2025 at 04:24pm

    Listing Provided by:

    Kevin Struve DRE #01266441 kevin.struve@marcusmillichap.com,

    MARCUS & MILLICHAP

    Bought with:

    XENIA CHAO, DRE #01911750

    Pinnacle Real Estate Group

    Source: CRMLS,MLS#: CV25045184MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,552
    • Total interior livable area: 3,552 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Front
    • Pool features: None
    Lot
    • Size: 7,378 sqft
    • Features: 16-20 Units/Acre
    Details
    • Parcel number: 1010131080000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Ontario

    HOA & financial

    Other financial information
    • Total actual rent: 6100

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan
    Services availability
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    Estimated market value

    $1,094,800