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Sold on 04/13/2026
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721 Corvette, Ontario, CA 91764

  • $1,372,000

    Last sold 04/13/2026 after 84 Days

  • bed

  • bath

Multi-family not for sale
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About 721 Corvette

Property type Multi-family
Neighborhood
Year built 1987
HOA fee $0/month
Lot size 10,374 Sqft
Movoto estimate
Parking 8 garage spaces
Rental estimate
Property description
****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.
Listed by
Listing Agent - Douglas McCauley
Listing Agent Contact: 626-695-6776
Listing Office - MARCUS & MILLICHAP
Source: CRMLS mls logo
MLS#CV26015948 • last updated 1 month ago
Movoto checked CRMLS for data Just now
Overview
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.2382
Lot Size (SqFt) 10374
Year Built 1987
Interior
Exterior
Building Area Square Feet, 4165
Parking Garage, On Site
# Uncovered Spaces 4
# Parking Spaces 12
# Garage Spaces 8
Lot Description Level With Street
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County San Bernardino
Community Features Curbs, Street Lights, Sidewalks
Directions Turn Left Onto Shelby St ; Turn Left Onto Triumph Ln ; Slight Left ; The Property Is Located On The Right
APN 210411280000
Multifamily Details
Vacancy Allowance Rate 1
Vacancy Allowance 903
Operating Expense 31273
Cap Rate 4.01
Expense: Insurance 2800
Total Expenses 31273
Expense: Maintenance 3162
Expense: Water/ Sewer 6744
Gross Income 31273
Expense: Electric 726
Gross Scheduled Income 90300
Expense: Gardener 1440
$1.5M
Range: $1.38M-$1.62M
Last 30 days 
Rental est.: $1,834/month
Gross rent multiplier: 67.0
  • Apr 2026
    mls logo MLS # CV26015948
  • Apr 14, 2026 Sold
    $1,372,000 (-7.0%)
  • Mar 10, 2026 Pending
  • Jan 30, 2026 Active
  • Jan 19, 2026 Listed
    $1,475,000
  • 721 Corvette
    $1.37M
  • Ontario Center
    $612K +10% y/y
  • 91764
    $645K +4% y/y
  • Ontario
    $644K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
7/10
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/4/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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