UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26015836
HOA Y/N No
Year Built 1987
Lot Size 10,890 Sqft
Property Sub-Type Apartment
Property Description
Pleased to exclusively present the opportunity to acquire a well-maintained, townhome-style multifamily investment property located at 3241
Inland Empire Boulevard in Ontario, CA, one of the Inland Empire's most dynamic and rapidly growing rental markets. Built in 1987, this two-story, single-building asset comprises four units on a 0.25-acre parcel and has 3,980 rentable square feet.
The property features an attractive unit mix of 2- three-bedroom/one-and-one-half-bathroom townhomes and 2- two-bedroom/one-bathroom townhomes. These spacious, multi-level floorplans provide a compelling alternative to single-family rentals and support strong, durable tenant demand. Each unit is equipped with central air conditioning and heating, in-unit washer and dryer hook-ups, dishwashers, individual hot water heaters, and separate gas and electric metering. The property benefits from copper plumbing, pitched tile roof, and select units offer a fireplace and private patios or balconies. Parking is ample and secure with four attached double car garages and four additional open spaces. The asset is also eligible for attractive 30-year fixed-rate financing and there is no HOA.
Ontario is widely regarded as one of the most compelling multifamily investment markets in the Inland Empire, driven by sustained population growth, robust job creation, and relative affordability compared to coastal Southern California markets. The city offers exceptional regional connectivity via Interstates 10, 15, and 60, as well as close proximity to Ontario International Airport, a major logistics and transportation hub. Ontario's diverse employment base is anchored by logistics and distribution, healthcare, education, manufacturing, and public-sector employment, providing a stable and expanding tenant base.
With strong renter demand, a growing employment base, and a business-friendly environment, Ontario offers investors the opportunity to acquire multifamily assets in a high-growth Southern California market while maintaining a more accessible entry point than Los Angeles or Orange County. This offering represents an excellent opportunity to acquire a well-located, townhome-style apartment property with desirable unit features, strong tenant appeal, and long-term upside in one of the Inland Empire's most resilient and affordable rental markets.
Location
State CA
County San Bernardino
Area 686 - Ontario
Interior
Fireplace No
Laundry Common Area, Washer Hookup, Electric Dryer Hookup
Exterior
Parking Features Garage, On Site
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Total Parking Spaces 12
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 0210411050000
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
- 8
Coyote Canyon Elementary School
Public | KG - 4
- 7
Ruth Musser Middle School
Public | 5 - 8
- 6
Valle Vista Elementary School
Public | KG - 5
- 5
Vineyard Elementary School
Public | KG - 8
- 5
Arroyo Elementary School
Public | KG - 5
- 5
Corona Elementary School
Public | KG - 6
- 5
Bear Gulch Elementary School
Public | KG - 5
- 5
The Ontario Center
Public | KG - 5
- 4
Del Norte Elementary School
Public | KG - 5
- 4
Los Amigos Elementary School
Public | KG - 5
- 4
Mariposa Elementary School
Public | KG - 5
- 4
Central Elementary School
Public | KG - 5
- 3
Cucamonga Elementary School
Public | KG - 5
- 0
Children's Montessori School
Private | PK - 3
- 0
San Antonio Christian School
Private | KG - 10
- 0
Kids Club
Private | PK - KG
- 0
Montecito Baptist School
Private | KG - 12
- 0
Montessori School House
Private | PK - 3
- 0
Pebbles Christian School
Private | PK - TKG
- 0
Kindercare Learning Center
Private | PK - TKG
- 7
Cucamonga Middle School
Public | 6 - 8
- 5
Rancho Cucamonga Middle School
Public | 6 - 8
- 4
Ray Wiltsey Middle School
Public | 6 - 8
- 0
Valley View High (Continuation)
Public | 9 - 12
- 0
Chaffey District Online High School
Public | 9 - 12
- 0
Chaffey Community Day
Public | 9 - 12
- 0
Baldy View Regional Occupational Program
Public | 9 - 12
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High State Realty
BROKER, OWNER | License ID: 02181686
BROKER, OWNER License ID: 02181686