Properties

Ontario, CA 91764 721 Corvette

Pending
721 Corvette Ontario, CA - Image 1721 Corvette Ontario, CA - Image 2721 Corvette Ontario, CA - Image 3
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721 Corvette Ontario, CA - Image 4721 Corvette Ontario, CA - Image 5
Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776
  • MLS# CV26015948
  • 01/19/2026
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  • Baths • 1
  • SQFT • 4,165
  • Garage • 8

Home Details

****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 Empireโ€™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. Ontarioโ€™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, Ontarioโ€™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 Empireโ€™s most resilient and affordable rental markets.
Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776

Interior Features for 721 Corvette

Other Interior Features

Common Walls2+ Common Walls
Laundry FeaturesCommon Area, Washer Hookup, Electric Dryer Hookup
Total Stories2

Other Rooms

Entry Level1

General for 721 Corvette

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate4.01
CityOntario
Community FeaturesCurbs, Street Lights, Sidewalks
CountySan Bernardino
DirectionsTurn left onto Shelby St ; Turn left onto Triumph Ln ; Slight left ; The Property is Located on the Right
Electric Expense726
Entry LocationFront
Fuel Expense
Garage Spaces8
Garage Y/NYes
Gross Income31273
Insurance Expense2800
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet10374
Lot Size UnitsSquare Feet
MLS Area686 - Ontario
MaintenanceExpense3162
Net Operating Income59079
New ConstructionNo
Number Of Units Total4
Open Parking Spaces4
Operating Expense31273
Pool FeaturesNone
PostalCityONTARIO
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Tax Lot9
Taxes$15,681
Tenant PaysElectricity, Gas
Trash Expense0
Water Sewer Expense6744
Year Built1987
Year Built SourcePublic Records

Exterior for 721 Corvette

Building Area Total4165
Lot FeaturesStreet Level
Lot Size Acres0.2382
Lot Size Area10374
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Parking FeaturesGarage, On Site
Private PoolNo
Total Parking12
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,475,000
MLS#CV26015948
List Date 01/19/2026
Property Type Multi-Family
Phone 888.795.6274
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