We are proud to present the opportunity to purchase 716 W Phillips St, a 15-townhome condominium community located in the City of Ontario. The property exceeds standard size with over 17,000 SF and spans across nearly 48,000 SF of land. 716 W Phillips St has an exceptional location. Tenants enjoy convenient access to several big-name retailers like In-N-Out, Target, Home Depot, Sams Club, Kaiser Permanente Medical Center, Harbor Freight, 24-Hour Fitness, and much more. Some local attractions within a 10-mile radius include Victoria Gardens, Top Golf, Toyota Arena, Claremont Village, and more. The property is also located within a 25-mile radius of several notable So Cal attractions in San Gabriel Valley, Anaheim and Riverside. Tenants also enjoy a short 1.4-mile drive to either the10 or 60 Freeway, granting access to Los Angels, Orange, and Riverside Counties. 716 W Phillips St offers a stellar unit mix of 100% 2-Bedroom/2.5-Bathroom townhomes. Each unit boasts a huge town-house style floorplan with nearly 1,200 SF each and is individually parceled. A new owner will benefit from this by having the option to keep as a bulk rental forever, sell off individually at once, or piece by piece throughout ownership. Each unit comes with built-in laundry appliances, patios & balconies, and access to individual 2-car garages. The nearly 48,000 SF lot gives ample space to tenants with large yards, community/open-garden space, and uncovered on-site parking. A savvy investor may be able to create future development opportunities since the buildings only occupy only 35% of the total lot (buyer to investigate). Currently the property has the ability to generate approximately $31,926 in monthly rental income. Similar leased townhomes in the area achieved an effective rent of $2,600, allowing a new investor to capitalize on nearly 20% upside in rental income. Additional income at the property streams from a recently implemented utility reimbursement program – tenants currently split the cost of major expenses like water and trash evenly.
Property Details
Property Features
Property Information:
Year Built: 1984
Stories: 2
Listing Office:
Office Name: CB RICHARD ELLIS
Office Phone: (626) 757-5717
Listing Agent: ERIC CHEN
Interior Features
Interior Information:
Appliances: Dryer, Washer
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 15 spaces
Lot Features
Lot Information:
Lot Size: 1.10 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Merge onto I-10W, Take exit 55B toward Archibald Ave/Ontario Int'l Airport, Turn right onto E Airport Dr, Turn right onto Mission Blvd, Turn left onto Euclid Ave, Turn right onto Phillips St
Price Information
Listing Price Info
Price Summary:
List Price: $6,300,000
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Housing Market Comparison
See how this home compares to others in Ontario, CA.
This property is $5.6M more than the Median Sold Price in Ontario, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #CV24215151
Listing Office:
Office Name: CB RICHARD ELLIS
Office Phone: (626) 757-5717
Listing Agent: ERIC CHEN
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 8:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
-
-
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Euclid Elementary School
1120 S Euclid Ave
Distance between this listing and this school0.57 miles
Public District Grades KG-6
6
/10
Richard Haynes Elementary School
715 W Francis St
Distance between this listing and this school0.70 miles
Public District Grades KG-6
7
/10
Vista Grande Elementary School
1390 W Francis St
Distance between this listing and this school0.93 miles
Public District Grades KG-6
Nearby Schools
7
/10
Oaks Middle School
1221 S Oaks Ave
Distance between this listing and this school0.78 miles
Public District Grades 7-8
6
/10
De Anza Middle School
1450 S Sultana Ave
Distance between this listing and this school0.84 miles
Public District Grades 7-8
5
/10
Vina Danks Middle School
1020 N Vine Ave
Distance between this listing and this school1.91 miles
Public District Grades 7-8
Nearby Schools
6
/10
Ontario High School
901 W Francis St
Distance between this listing and this school0.74 miles
Public District Grades 9-12
5
/10
Chaffey High School
1245 N Euclid Ave
Distance between this listing and this school2.15 miles
Public District Grades 9-12
5
/10
Chino High School
5472 Park Pl
Distance between this listing and this school2.25 miles
The neighbors living near this home have an average income of $62,829. The majority of Ontario, CA residents have income between $35k-100k annually. The most common type of family is married, with kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 716 W Phillips St
What is the listing price of this property?
The listing price of 716 W Phillips St property is $6,300,000.
What type of property is this?
The property 716 W Phillips St is a condo located in Ontario, California, 91762.
Is this property for sale now?
Active Listing: 716 W Phillips St is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 716 W Phillips St is 1984.
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This home is located at 716 W Phillips St in Ontario, CA and zip code 91762. This home, which was built in 1984, sits on a 1.10 acre lot. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $6,300,000.
In October 2024, from all listings sold in Ontario, CA there were more than 41 sold above asking price, over 27 sold below and more than 22 were sold right at the asked price. In October 2024 in Ontario, CA there were 2.9% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $655,083, while the average time on the real estate market was 30 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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