3170 E Chip Smith Way
About This Property
Thoughtful upgrades include a whole-house water filtration and softening system, a separate drinking water system in the kitchen, leased Tesla solar panels, and a Tesla EV charger in the garage.
Enjoy the resort-style lifestyle of Park Place and The Parkhouse, with an impressive collection of community amenities including swimming pools, tennis courts, fitness facilities, billiards, table tennis, a private movie theater, library, computer/business spaces, BBQ and outdoor gathering areas, children's playgrounds, parks, and more.
Located in the dynamic and growing Ontario Ranch area, this home is near highly rated Park View Elementary and conveniently situated near shopping, dining, entertainment, parks, and major commuter routes, with easy access to I-15 and nearby 60, 71 and 91 freeways. Ontario Mills, Victoria Gardens, and other regional destinations are also within convenient reach. A wonderful opportunity to enjoy a comfortable home, extensive community amenities, and the continued growth and convenience of Ontario Ranch.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2026 | In contract | - | |
| In contract | |||
| Aug 3, 2026 | Listed by WeTrust Realty | $698,000 | |
| Listed by WeTrust Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017