721 Corvette
Ontario, CA, 91764 $ 1,475,000
Baths1.0 Sq 4,165 Monthly Estimate*
$ 9,082
Listed by MARCUS & MILLICHAP
Studio for $1,475,000 with 1 full bath. This 4,165 square foot home was built in 1987 on a lot size of 0.2382.
****1 of 3 Property Portfolio: 3241 Inland Empire Blvd, 3132 Triumph Lane**** 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. 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.
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FeaturesGeneralSewer Public Sewer
Garage Spaces 8
Pool Features None
Year Built 1987
Tenant Pays Electricity Gas
Property Subtype Apartment
Gross Income 31273
Community Features Curbs Street Lights Sidewalks
County San Bernardino
Net Operating Income 59079
Operating Expense 31273
Insurance Expense 2800
New Construction false
Property Type Residential Income
MaintenanceExpense 3162
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Turn left onto Shelby St ; Turn left onto Triumph Ln ; Slight left ; The Property is Located on the Right
City Ontario
Entry Location Front
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 4
MLS Area 686 - Ontario
Lot Size Units Square Feet
Lot Size Square Feet 10374
Listing Terms Cash Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 726
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 6744
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 9
Property Sub Type Additional Apartment
Taxes 15681
Cap Rate 4.01
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InteriorTotal Stories 2
Common Walls 2+ Common Walls
Laundry Features Common Area Washer Hookup Electric Dryer Hookup
Entry Level 1
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ExteriorParking Features Garage On Site
Lot Features Street Level
Water Source Public
Total Parking 12
Lot Size Area 10374
Number of Buildings 1
Building Area Total 4165
Lot Size Acres 0.2382
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded FeaturesList Bydoug.mccauley@marcusmillichap.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,082
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Ontario, CA
Average List Price $1,388,929
Percent of Sale Price 6%
About Ontario, CA 176,325 Population
12% Since 2002
$ 56,171 Median Income
33.09 Median Age
41% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/22/2026 | $1,475,000 | | Listed Price |
721 Corvette, Ontario, CA, 91764 is a Multi-Family Home for sale at $1,475,000 with 4,165 sqft and a lot size of 0.2382. 721 Corvette is a studio with 1.0 baths and was built in 1987. The property's zip code is 91764 which is in Ontario, CA