NOT LISTED FOR SALE
7 Beds
4 Baths
3,980 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: April 13, 2026

Last sale price $1,372,000 $345 Per Sq Ft

6 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • Level Lot
  • 8 Car Garage

About This Home

As of April 2026

****1 of 3 Property Portfolio: 721 Corvette Drive, 3132 Triumph Lane****
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.

Last Agent to Sell the Property

Douglas McCauley

MARCUS & MILLICHAP Brokerage Phone: 626-695-6776 Listed on: 01/22/2026

Co-Listed By

David Covarrubias

MARCUS & MILLICHAP Brokerage Phone: 626-695-6776

Last Buyer's Agent

Bill Melton

PAEZ REALTY COMPANY License #01342816

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 10,890 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 8 Car Garage
  • 4 Open Parking Spaces
  • Parking Available

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,980 Sq Ft Home
  • 2-Story Property
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Tax Lot 5
  • Tax Tract Number 13314
  • Assessor Parcel Number 0210411050000
  • $285 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $726
  • Gardener Expense $1,440
  • Insurance Expense $2,800
  • Maintenance Expense $3,154
  • Pest Control $720
  • Trash Expense $6,744
  • New Taxes Expense $15,417
  • Operating Expense $31,001
  • Gross Income $90,113
  • Net Operating Income $59,112

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0.25 Acres

Parking

8

Listing Details

  • CapRate: 4.01
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 0210411050000
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 344.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage, On Site
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Common Area
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer
  • Trash Expense: 6744.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Street Lights, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Electric Expense: 726.00
  • Gross Income: 90113.00
  • Gross Scheduled Income: 90480.00
  • Insurance Expense: 2800.00
  • Lot Size Area: 0.2500 Acres
  • Maintenance Expense: 3154.00
  • Net Operating Income: 59112.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Operating Expense: 31001.00
  • Other Income1: 538.00
  • Other Income Description: Late Fee Income
  • Rent Control: Yes
  • Total Expenses: 31001.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 15417.00
  • Tax Lot: 5
  • Tax Tract Number: 13314
  • TaxOtherAnnualAssessmentAmount: 285.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2026
Closed on
Feb 13, 2026
Sold by
Blake Mcrae and William G And Megan Mcrae Slagg Living T
Bought by
Seller's Agent
Douglas McCauley
MARCUS & MILLICHAP
Buyer's Agent
Bill Melton
PAEZ REALTY COMPANY
List Price
$1,475,000
Sold Price
$1,372,000
Premium/Discount to List
-$103,000
-6.98%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,211,250
Interest Rate
5.98%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 27, 2004
Sold by
Mcrae Megan
Bought by
Slagg William G and Slagg Megan Mcrae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.57%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 1, 2001
Sold by
Slagg William G
Bought by
Mcrae Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,800
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2001
Sold by
Carusillo John J
Bought by
Mcrae Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,800
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 1998
Sold by
Carusillo John J and Carusillo Agnes B
Bought by
Carusillo John J and Carusillo Agnes B
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,425,000 Chicago Title
Slagg William G -- --
Mcrae Megan -- Landsafe Title
Mcrae Megan $298,500 Landsafe Title
Carusillo John J -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,211,250
Previous Owner Slagg Megan Mcrae $262,000
Previous Owner Mcrae Megan $350,000
Previous Owner Mcrae Megan $238,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/13/2026 04/13/26 Sold $1,372,000 -7.0% $345 / Sq Ft
01/28/2026 01/28/26 Pending -- -- --
01/22/2026 01/22/26 For Sale $1,475,000 -- $371 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $5,376 $1,453,500 $510,000 $943,500
2025 $5,376 $449,797 $110,753 $339,044
2024 $4,694 $440,977 $108,581 $332,396
2023 $4,586 $432,330 $106,452 $325,878
2022 $4,501 $423,853 $104,365 $319,488
2021 $4,461 $415,543 $102,319 $313,224
2020 $4,380 $411,282 $101,270 $310,012
2019 $4,369 $403,217 $99,284 $303,933
2018 $4,258 $395,311 $97,337 $297,974
2017 $4,102 $387,559 $95,428 $292,131
2016 $4,048 $379,960 $93,557 $286,403
2015 $4,020 $374,253 $92,152 $282,101
2014 $3,897 $366,922 $90,347 $276,575
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV26015836

California Regional Multiple Listing Service (CRMLS)

APN: 0210-411-05-0000

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