Keegan Cin | Realtor® | License # DRE 01971604

Property

Ontario, CA 91762 308 N Begonia Avenue

308 N Begonia Avenue Ontario, CA - Image 1308 N Begonia Avenue Ontario, CA - Image 2308 N Begonia Avenue Ontario, CA - Image 3
2 more
308 N Begonia Avenue Ontario, CA - Image 4308 N Begonia Avenue Ontario, CA - Image 5308 N Begonia Avenue Ontario, CA - Image 6
Presented By: Kevin Struve with MARCUS & MILLICHAP; kevin.struve@marcusmillichap.com
  • MLS# CV25090782
  • 04/24/2025
  • Request Tour
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  • Beds • 2
  • Full/Half Baths • 1 / 1
  • SQFT • 4,464
  • Garage • 4
  • Year Built • 1964

Home Details

We are pleased to exclusively present a fantastic investment opportunity located at 308 N Begonia Ave in Ontario, California. Built in 1964, this 4-unit property sits on an 8,280-square-foot lot and offers ±4,464 square feet of building space. The property consists of all townhome-style units, each with a 2-bedroom, 1.5-bathroom floor plan, ideal for tenants seeking spacious and comfortable living. Each unit features a private patio or balcony, providing additional outdoor living space. Tenants also enjoy the convenience of detached single-car enclosed garages with one garage space allocated per unit. Additionally, a laundry room is available, offering a valuable opportunity for the new owner to install laundry equipment, further enhancing tenant appeal and income potential. The property is individually metered for gas and electricity, with the owner responsible for water, sewer, and trash. This investment offers a solid foundation for stable income, with significant potential for value-add through rental increases and operational enhancements. Current Rents are estimated to be 27% below market.
Presented By: Kevin Struve with MARCUS & MILLICHAP; kevin.struve@marcusmillichap.com

Interior Features for 308 N Begonia Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 308 N Begonia Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityOntario
Community FeaturesSidewalks
CountySan Bernardino
DirectionsMountain and West D Street
Electric Expense1387.0
Electric On Property Y/NNo
Entry LocationFront
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income69000.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense4200.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet8280.0
Lot Size UnitsSquareFeet
MLS Area686 - Ontario
MaintenanceExpense4000.0
MobileHomeRemainsYNNo
Net Operating Income37494.0
New ConstructionNo
Number Of Units Total4
Operating Expense29436.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Tax Lot4
Taxes$12,003
Tenant PaysElectricity, Gas
Trash Expense2451.0
Water Sewer Expense4000.0
Waterfront Y/NNo
Year Built1964
Year Built SourcePublicRecords

Exterior for 308 N Begonia Avenue

Building Area Total4464.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixteenToTwentyUnitsAcre
Lot Size Acres0.1901
Lot Size Area8280.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $1,100,000
MLS#CV25090782
List Date 04/24/2025
Property Type Multi-Family
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