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Key Details
Sold Price $620,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,621 sqft
Price per Sqft $382
MLS Listing ID IV22190528
Sold Date 01/18/23
Bedrooms 4
Full Baths 2
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1954
Lot Size 8,999 Sqft
Property Sub-Type Single Family Residence
Property Description
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!
Location
State CA
County San Bernardino
Area 686 - Ontario
Rooms
Main Level Bedrooms 4
Interior
Interior Features All Bedrooms Down
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Suburban
View Y/N Yes
View Mountain(s)
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Updated/Remodeled,Turnkey
Schools
School District Ontario-Montclair
Others
Senior Community No
Tax ID 1047462060000
Acceptable Financing Cash, Conventional, FHA, Submit, VA Loan
Listing Terms Cash, Conventional, FHA, Submit, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Mercedes Rendon-Granja T.N.G. Real Estate Consultants
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