NOT LISTED FOR SALE

1004 E Deodar St Ontario, CA 91764

Ontario Area
4 Beds
4 Baths
16,340 Sq Ft
1.09 Acre Lot

Sale Details

Date Sold: November 22, 2013

Last sale price $2,580,000 $158 Per Sq Ft

45 Days on Market

Highlights

  • Private Pool
  • Central Heating
  • Laundry Facilities
  • No HOA

About This Home

As of November 2013

Great Investment! Three separate buildings; addresses 1004, 1006 and 1008 E Deodar St. with a total of 26 apartment units conveniently located near parks and school as well as Ontario International Airport, Convention Center and Ontario Mills. Each unit is 1 bedroom and 1 bath complete with living room, dining area and kitchen with breakfast counter. The 13 units on the lower level have bedrooms open to their own private patios. Premises also include gated entry, laundry room, locked community swimming pool and 26 carport parking spaces along with 14 open parking spaces. For the purpose of this analysis, a proforma GSI of $241,800 is used, actual rent is $217,500.

Last Agent to Sell the Property

Peggy Fong Chen

Re/Max Omega License #01461698 Listed on: 08/23/2013

Re/Max Omega

Last Buyer's Agent

Peggy Fong Chen

Re/Max Omega License #01461698 Listed on: 08/23/2013

Re/Max Omega
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 1.09 Acre Lot
  • Two or More Common Walls
  • Density is 26-30 Units/Acre

Home Design

  • 16,340 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 40 Parking Spaces
  • 26 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Septic Type Unknown

Additional Features

  • Leased Washer and Dryer
  • Private Pool

Listing and Financial Details

  • Assessor Parcel Number 1047172160000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 26 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 29 Separate Electric Meters
  • 28 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,455
  • Gardener Expense $2,400
  • Insurance Expense $6,780
  • Pool Expense $1,824
  • Water Sewer Expense $22,050
  • New Taxes Expense $32,160
  • Gross Income $20,150
  • Net Operating Income $158,961

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

1.09 Acres

Listing Details

  • CapRate: 5.93
  • Property Attached: Yes
  • Water Sewer Expenses: 22050.00
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 1047172160000
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 157.89

Exterior Features

  • Pool Expense: 1824.00
  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 26.00
  • Total Parking Spaces: 40.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 26-30 Units/Acre
  • Lot Size Sq Ft: 47480.00
  • Lot Size Acres: 1.0900

Multi Family

  • Electric Expense: 3455.00
  • Gross Income: 20150.00
  • Gross Scheduled Income: 241800.00
  • Insurance Expense: 6780.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 1.0900 Acres
  • Net Operating Income: 158961.00
  • Number Of Separate Electric Meters: 29
  • Number Of Separate Gas Meters: 28
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 26
  • Operating Expense: 74004.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 32160.00

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title Ins Co
Plan Made 1140 Llc $2,580,000 Chicago Title Co
Yu Ming Investment Llc $2,600,000 Ticor Title Company
Voleti Choudary D -- Old Republic Title Company
Voleti Choudary D -- Old Republic Title Company
Voleti Choudary D -- First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,260,000
Closed Plan Made 1140 Llc $1,400,000
Closed Plan Made 1140 Llc $1,400,000
Previous Owner Yu Ming Investments Llc $1,560,000
Previous Owner Yu Ming Investment Llc $1,560,000
Previous Owner Voleti Choudary D $717,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/22/2013 11/22/13 Sold $2,580,000 -3.7% $158 / Sq Ft
10/07/2013 10/07/13 Pending -- -- --
08/23/2013 08/23/13 For Sale $2,680,000 -- $164 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $34,797 $3,225,985 $650,200 $2,575,785
2025 $34,797 $3,162,730 $637,451 $2,525,279
2024 $34,006 $3,100,716 $624,952 $2,475,764
2023 $33,049 $3,039,918 $612,698 $2,427,220
2022 $32,611 $2,980,311 $600,684 $2,379,627
2021 $32,408 $2,921,874 $588,906 $2,332,968
2020 $31,839 $2,891,913 $582,867 $2,309,046
2019 $31,567 $2,835,209 $571,438 $2,263,771
2018 $31,130 $2,779,616 $560,233 $2,219,383
2017 $30,012 $2,725,114 $549,248 $2,175,866
2016 $28,825 $2,671,680 $538,478 $2,133,202
2015 $28,631 $2,631,549 $530,390 $2,101,159
2014 $27,738 $2,580,000 $520,000 $2,060,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13171122

California Regional Multiple Listing Service (CRMLS)
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