639 E E Street, Ontario, CA 91764

$330,000
2
BD
1
BA
1,040
SqFt
List Price
$330,000
Status
ACTIVE
MLS#
CV19008835
Year Built
1940
Bedrooms
2
Bathrooms
1
Living Sq. Ft
1,040
Lot Size
9,558
Lot Location
Lot 6500-9999
Days on Market
7
Property Type
Single Family Residential
Short Sale
Yes
Property Sub Type
Single Family Residence
Stories
One Level

Property Description

Note that this is a short sale transaction. This property is on a lot that is zoned by the City of Ontario as a non-conforming lot. "The City Council finds that nonconforming lots ... are detrimental to the orderly development of the City" (Ontario Development Code, Page 3.01-1, Rev. 20160503). The City will not issue something called a Rebuild Letter (required by most residential lenders for financing) guaranteeing that, if the property burns down to the ground (100%), that they will allow another residential unit or house to be built on this lot. Building currently being used as a home. Home sits between a small parking structure and an office building. It is likely that the buyer of this property may be able to use it as an office. Buyer needs to perform due diligence with the city before determining the viability of this investment. This property may only be purchased in cash or with appropriate financing.

Additional Information

Tract Number
4001
Lot Description
Suburban
Pool Description
None
Fireplace Description
None
Cooling Description
None
View
None
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
School District
Ontario-Montclair
Attached Structure
Detached
Total Number of Units
1

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of FRANCISCO ORTIZ from REALTY MASTERS & ASSOCIATES

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.