721 Corvette Dr - Multi-Family FOR SALE


Ontario, CA 91764
$1,475,000 USD
626-695-6776
721 Corvette Dr, Ontario, CA for Sale
$1,475,000 USD
Multi-Family - FOR SALE
1/5
null | Request Cap Rate

721 Corvette Dr
Ontario, CA 91764


HIGHLIGHTS

  • Two & Three Bedroom Townhouse Style Floor Plans
  • Attached Two Car Garages & 4 Open Parking Spaces
  • 34% Rental Upside
  • Excellent Location North Of 10 Freeway Haven Exit
  • In-Unit Washer & Dryer Hookups & Dishwashers
  • Units Feature Private Patios Or Balconies

OVERVIEW

****1 of 3 Property Portfolio: 3241 Inland Empire Blvd, 3132 Triumph Lane**** Marcus & Millichap is pleased to exclusively present the opportunity to acquire a well-maintained, townhome-style multifamily investment property located at 721 North Corvette Drive in Ontario, CA, one of the Inland Empire’s most dynamic and rapidly growing rental markets. Constructed in 1987, this two-story, single-building asset comprises four units situated on a 0.24-acre parcel and has 4,165 square feet of rentable living area. The property features an attractive unit mix that includes 1- two-bedroom/one-bathroom townhome; 1- two-bedroom/one-and-one-half-bathroom townhome and 2- three-bedroom/one-and-one-half-bathroom townhomes. 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 attached garages consisting of two double-car garages, two single-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. In addition, Ontario’s quality-of-life amenities continue to strengthen its live-work-play appeal. Major attractions such as Ontario Mills, along with ongoing sports, entertainment, and mixed-use development throughout the city, further enhance rental demand and long-term market fundamentals. 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.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

4

PRICE/UNIT

$368,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0210-411-28

ASK ABOUT THIS PROPERTY

Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

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Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.