721 Corvette Drive

Ontario CA 91764

10374 sq. ft.

Multi-Family

Last sold for $1,372,000

Douglas McCauley, last sold this property on 13 April 2026 after 80 days on market.

Overview

****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 Empires 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. Ontarios 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, Ontarios 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 Empires most resilient and affordable rental markets.

Features

10 bedrooms

7 bathrooms

10374 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 10 bedroom multi families sold in Ontario over the last 12 months, the estimated median property value of 721 Corvette Drive is $1.37m.

Median value

$1.37m

Estimated value range

$1.25m - $1.6m

Median days on market

Estimated value trend

-7%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Ontario. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 721 Corvette Drive

2026

Sold

$1,372,000

13 Apr 2026 by Douglas McCauley, of MARCUS & MILLICHAP

Happy sellers in Ontario

We have insufficient information to provide an overview of customer satisfaction for Ontario. Viewing the agent profiles, reviews and sales for Ontario can provide insights for this location.