902 S Hope Avenue, Ontario, CA 91761

$430,000
Sold Price
$430,000
List Price
$400,000
Closing Date
Mar 18, 2024
Status
CLOSED
MLS#
SB24031622
Year Built
1946
Lot Size
5,396
Acres
0.12
Lot Location
0-1 Unit/Acre, Back Yard, Rectangular Lot, Tear Down
Days on Market
9
Property Type
Commercial
Property Sub Type
Retail

Property Description

Opportunity Knocks! This unique property at 902 S Hope Ave in Ontario offers endless potential for the savvy investor or entrepreneur. Situated in a desirable neighborhood, this property is the only commercially zoned gem nestled among residential homes. Originally a store, this property has been converted into a single-family home, presenting an excellent opportunity for a creative transformation. With its tear-down condition and numerous code violations, it's a complete fixer-upper awaiting your vision and expertise. Featuring 2 bedrooms, 2 bathrooms, and approximately 1,000 square feet of space, this property boasts a spacious layout with plenty of potential. The detached garage adds versatility and is perfect for an ADU (Accessory Dwelling Unit), providing additional rental income or guest accommodation. The neighborhood is renowned for its charm and convenience, with parks nearby and a steady increase in rent values over the years. Recent developments in the area underscore its growing appeal and potential for future growth. While the property requires extensive renovation, there's opportunity abound. Some areas of the property may have permitted additions, offering a possible pathway to expedited improvements. Whether you're looking to create a mixed-use retail space or a unique single-family home, this property is primed for transformation. Don't miss out on this chance to make your mark in Ontario's thriving real estate market.

Additional Information

Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Exterior Construction
Unknown
Water
Public
Attached Structure
Detached

Listing courtesy of Listing Agent: Sarkis Ter-Minasyan (sarkis@novagroup.la) from Listing Office: Craft & Bauer Real Estate Co..

Listing sold by Yidan Xu from IRN Realty

Mortgage Calculator

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.