Investing in Ontario California

[Aaron Xie]

With the transfer of the ownership of the Ontario International Airport to the local municipal, and with the potential expansion of the airport to serve more international flights, I see a potential for house price growth in neighbour areas. Just want to see if anyone has invested in that area, and what returns have you had? What are the areas with the potential and what are the areas to be avoided?

[Alec B Calzada]

Aaron, I work with a lot of folks investing in the Ontario area. Currently pushing a 4-unit (new construction) building through at the city of Ontario for one of them. Prices are rising steadily. Rental pricing too ($1,800 for a 3-2 unit or home). Still lots of low-end housing available though. Historic homes/properties in the historic area can be a head-ache to purchase or develop, but the equity yield after an addition or major remodel is significant. I drive past distressed homes there every week. I'd look at the areas around Euclid and Holt, and then East from there towards the freeway and airport. I use Redfin to find houses for sale and then to find comps.