1222 W J Street, Ontario, CA 91762

About this fourplex

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.

Listing description from the April 2025 sale, as reported to CRMLS.

Sale history

$1,100,000

Sold April 2025 · listed $1,050,000, on market March 2025 · MLS #CV25045184 · Source: CRMLS

Listing Agent: Kevin Struve · Listing Office: MARCUS & MILLICHAP · Contact: kevin.struve@marcusmillichap.com · Bought with: XENIA CHAO · Pinnacle Real Estate Group

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