Seller's Agent in 2026
Douglas McCauley
MARCUS & MILLICHAP
(909) 456-3493
46 Total Sales
****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.
Last Agent to Sell the Property
MARCUS & MILLICHAP Brokerage Phone: 626-695-6776 Listed on: 01/22/2026
| 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 |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $480,000 | Negative Amortization | |
| Previous Owner | $296,000 | Purchase Money Mortgage |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/13/2026 04/13/26 | Sold | $1,372,000 | -7.0% | $329 / Sq Ft |
| 01/28/2026 01/28/26 | Pending | -- | -- | -- |
| 01/22/2026 01/22/26 | For Sale | $1,475,000 | -- | $354 / Sq Ft |
| 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 |
Seller's Agent in 2026
Douglas McCauley
MARCUS & MILLICHAP
(909) 456-3493
46 Total Sales
Seller Co-Listing Agent in 2026
David Covarrubias
MARCUS & MILLICHAP
(909) 456-3400
48 Total Sales
B
Buyer's Agent in 2026
Bill Melton
PAEZ REALTY COMPANY
(909) 816-9378
6 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV26015948
APN: 0210-411-28
Ask me questions while you tour the home.