1148 Virginia Avenue, Ontario, CA 91764
Single-family home · 2 recorded sales since 2022
Sold January 2023
Listing Agent: MANUEL BADIOLA (DRE #01192381) · Listing Office: MONACO REALTY · Contact: 888-646-7172 · Bought with: Mercedes Rendon-Granja · T.N.G. Real Estate Consultants · MLS #IV22190528 · Source: CRMLS
About this single-family home
Rare opportunity for you to own a rehabbed home and rehabbed ADU, in a great area and have rental income of approximately $1,800. And potentially build onto the ADU from current size of 1/1 621 SF to upto a 3 bedroom 2 bath 1,200 square foot. Think about it, if you buy this property, you use the $1,800 rent to offset a good portion of the mortgage then you hire a architect to design plans to build onto the existing ADU, if you build at $200 per square foot and the value of the newly build out ADU area would be closer to $425 per square foot, now you have both equity and two units, and new rental income for Adu could be up to $3,000 per month. Or you can purchase, hire architect, build out, rent both houses and have both positive cash flow and equity. BOOM! This is a property you keep for retirement or your kids future. Ontario will always be HOT and on High demand. Good luck!
Listing description from the January 2023 sale, as reported to CRMLS.
Sale history
