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Listed by Kevin Struve • MARCUS & MILLICHAP
$ 1,040,000
$ 1,100,000 5.5%
Est. payment /mo
Sold on 06/16/2025
308 North Begonia Avenue Ontario, CA 91762
4,464 SqFt
UPDATED:
Key Details
Sold Price $1,040,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,464 sqft
Price per Sqft $232
MLS Listing ID CV-25090782
Sold Date 06/16/25
Year Built 1964
Lot Size 8,280 Sqft
Property Sub-Type Quadruplex
Property Description
We are pleased to exclusively present a fantastic investment opportunity located at 308 N Begonia Ave in Ontario, California. Built in 1964, this 4-unit property sits on an 8,280-square-foot lot and offers ?4,464 square feet of building space. The property consists of all townhome-style units, each with a 2-bedroom, 1.5-bathroom floor plan, ideal for tenants seeking spacious and comfortable living. Each unit features a private patio or balcony, providing additional outdoor living space. Tenants also enjoy the convenience of detached single-car enclosed garages with one garage space allocated per unit. Additionally, a laundry room is available, offering a valuable opportunity for the new owner to install laundry equipment, further enhancing tenant appeal and income potential. The property is individually metered for gas and electricity, with the owner responsible for water, sewer, and trash. This investment offers a solid foundation for stable income, with significant potential for value-add through rental increases and operational enhancements. Current Rents are estimated to be 27% below market.
Location
State CA
County San Bernardino
Area 686 - Ontario
Interior
Laundry None
Exterior
Parking Features Gated
Garage Spaces 4.0
Pool None
Community Features Sidewalks
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer