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$1,372,000
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Property Description
****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.
Full Property Details
Full Property Details for 721 Corvette
General
- Sold For: $1,372,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: CV26015948
- Added to Site: 124 day(s) ago
Rooms
Other Rooms
- Laundry: Electric Dryer Hookup, Washer Hookup, Common Area
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 8
- Parking Features: Garage, On-Site
- Parking: Garage, On-Site
Location
- Area: 686 - Ontario
- County: San Bernardino
- Development Name: 686 - Ontario
- Driving Directions: Turn left onto Shelby St ; Turn left onto Triumph Ln ; Slight left ; The Property is Located on the Right
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: Front
- Square Feet: 4,165
- Year Built: 1987
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 4
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.2382
- Lot Size Source: Assessor
- Lot Description: Level with Street
Financial Considerations
- Price Per Sq. Ft.: $329.41
- Price Per Unit: 368750
Listed by Marcus & Millichap, Douglas McCauley and Marcus & Millichap, David Covarrubias
Sold by Paez Realty Company, William Melton
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Schools
Schools serving 721 Corvette
School Districts:Cucamonga Elementary School District, Chaffey Joint Union High School District
| Name | Grades | Distance |
|---|---|---|
The Ontario Center 835 North Center Avenue, Ontario, CA 91764 | K-5 | 0.2 mi |
Rancho Cucamonga Middle School 10022 Feron Boulevard, Rancho Cucamonga, CA 91730 | 6-8 | 1.6 mi |
Colony High School 3850 East Riverside Drive, Ontario, CA 91761 | 9-12 | 3.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 721 Corvette
Date
Details
Price
Change
Source
4/13/2026
Sold
$1,372,000
-6.98%
MLS
1/22/2026
Listed
$1,475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
721 Corvette, Ontario, CA 91764 (MLS# CV26015948) is a Multi-Family property that was sold at $1,372,000 on April 13, 2026. Want to learn more about 721 Corvette? Do you have questions about finding other Multi-Family real estate for sale in Ontario? You can browse all Ontario real estate or contact a Coldwell Banker agent to request more information.

