721 Corvette Dr Ontario, CA 91764
Estimated payment $8,590/month
Highlights
- Laundry Room
- 8 Car Garage
- Level Lot
About This Home
****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.
Listing Agent
MARCUS & MILLICHAP Brokerage Phone: 626-695-6776 Listed on: 01/22/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 10,374 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
- 4,165 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 9
- Tax Tract Number 13217
- Assessor Parcel Number 0210411280000
- $454 per year additional tax assessments
Community Details
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 $3,162
- Pest Control $720
- Water Sewer Expense $6,744
- New Taxes Expense $15,681
- Operating Expense $31,273
- Gross Income $31,273
- Net Operating Income $59,079
Additional Features
- 4 Units
- Laundry Facilities
Map
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $9,144 | $806,546 | $200,865 | $605,681 |
| 2024 | $8,361 | $790,731 | $196,926 | $593,805 |
| 2023 | $8,168 | $775,227 | $193,065 | $582,162 |
| 2022 | $8,018 | $760,026 | $189,279 | $570,747 |
| 2021 | $7,948 | $745,124 | $185,568 | $559,556 |
| 2020 | $7,803 | $737,483 | $183,665 | $553,818 |
| 2019 | $7,773 | $723,023 | $180,064 | $542,959 |
| 2018 | $7,577 | $708,846 | $176,533 | $532,313 |
| 2017 | $7,298 | $694,947 | $173,072 | $521,875 |
| 2016 | $7,202 | $681,320 | $169,678 | $511,642 |
| 2015 | $7,152 | $671,086 | $167,129 | $503,957 |
| 2014 | $6,934 | $657,940 | $163,855 | $494,085 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/22/2026 01/22/26 | For Sale | $1,475,000 | -- | $354 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $74,000 | First American Title | |
| Grant Deed | $74,000 | First American Title | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Corporate Deed | $474,000 | Landsafe | |
| Interfamily Deed Transfer | -- | Landsafe |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $480,000 | Negative Amortization | |
| Previous Owner | $296,000 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV26015948
APN: 0210-411-28
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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