NOT LISTED FOR SALE

1036 E Elma St Unit A-B-C Ontario, CA 91764

Estimated Value: $843,000 - $1,216,000

6 Beds
3 Baths
2,175 Sq Ft
$460/Sq Ft Est. Value

Sale Details

Date Sold: June 21, 2018

Last sale price $650,000 $299 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $5,723 / mo

22 Days on Market

Highlights

  • Mountain View
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA
  • Tile Flooring
  • 1-Story Property

About This Home

As of June 2018

3 Units Multi-Family Complex in Ontario for Sale. 100% Occupied. All units are 2 Bed/ 1 Bath. This is an extremely rare investment offers 4.73% CAP Rate (Over 6% CAP Rate after Stabilized to Market Rent). Great cash flow. Amazing upside potential with all units individually metered for electricity and gas. Most windows were upgraded with vinyl windows. All units have gas wall heaters and window A/C units. 6 parking spaces (2 parking spaces per unit).

Last Agent to Sell the Property

Kevin Lee

Coldwell Banker Envision License #01720786 Listed on: 05/22/2018

Coldwell Banker Envision

Last Buyer's Agent

Shirley Huang

Coldwell Banker George Realty License #01774442

Coldwell Banker George Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,292 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex

Interior Spaces

  • 2,175 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Mountain Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 8
  • Tax Tract Number 1793
  • Assessor Parcel Number 1048492220000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Maintenance Expense $1,204
  • Water Sewer Expense $3,108
  • New Taxes Expense $6,739
  • Operating Expense $11,851
  • Gross Income $41,400
  • Net Operating Income $28,307

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

5,292 Sq Ft Lot

Listing Details

  • CapRate: 4.73
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 3108.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 1048492220000
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 298.85

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5292.00

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 725 Square Feet
  • Gross Income: 41400.00
  • Gross Multiplier: 14.47
  • Gross Scheduled Income: 41400.00
  • Insurance Expense: 800.00
  • Maintenance Expense: 1204.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 28307.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 11851.00
  • Operating Expense Percent: 3.00
  • Rent Control: No
  • Total Expenses: 11851.00

Tax Info

  • New Taxes Expense: 6739.00
  • Tax Census Tract: 15.03
  • Tax Lot: 8
  • Tax Tract Number: 1793

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2021
Sold by
Bought by
Current Estimated Value
$934,281

Purchase Details

Listed on
May 22, 2018
Closed on
Jun 7, 2018
Sold by
Bought by
Seller's Agent
Kevin Lee
Coldwell Banker Envision
Buyer's Agent
Shirley Huang
Coldwell Banker George Realty
List Price
$599,000
Sold Price
$650,000
Premium/Discount to List
$51,000
8.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.51%

Purchase Details

Closed on
Jul 1, 2017
Sold by
Bought by

Purchase Details

Closed on
Jan 11, 2013
Sold by
Bought by

Purchase Details

Closed on
Nov 2, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
0.0327%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
0.0327%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2012
Sold by
Bought by

Purchase Details

Closed on
Aug 27, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
0.0451%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
0.0569%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
-- Accommodation/Courtesy Recordi
$650,000 Ticor Title Company
$475,000 Chicago Title Company
-- Ctc
-- First American Title
$335,000 First American Title
$275,000 Chicago Title
-- Chicago Title
-- Chicago Title
-- Stewart Title Of California
$335,000 Investors Title Co San Bern
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
Closed $216,000
Closed $216,000
Closed $225,000
Closed $234,500
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
06/21/2018 06/21/18 Sold $650,000 0.0% $299 / Sq Ft
06/13/2018 06/13/18 Pending -- -- --
06/02/2018 06/02/18 Price Changed $650,000 +8.5% $299 / Sq Ft
05/22/2018 05/22/18 For Sale $599,000 -- $275 / 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
2025 $8,128 $739,589 $256,011 $483,578
2024 $7,943 $725,087 $250,991 $474,096
2023 $7,720 $710,870 $246,070 $464,800
2022 $7,618 $696,931 $241,245 $455,686
2021 $7,709 $683,266 $236,515 $446,751
2020 $7,438 $676,260 $234,090 $442,170
2019 $7,374 $663,000 $229,500 $433,500
2018 $5,322 $475,000 $170,000 $305,000
2017 $3,923 $355,450 $44,882 $310,568
2016 $3,768 $348,480 $44,002 $304,478
2015 $3,743 $343,245 $43,341 $299,904
2014 $3,626 $336,521 $42,492 $294,029
Source: Public Records

Agents Affiliated with this Home

  • Kevin Lee

    Seller's Agent in 2018

    Kevin Lee

    Coldwell Banker Envision

    (626) 975-2521

    75 Total Sales

    Kevin Lee
    Section Image

  • S

    Buyer's Agent in 2018

    Shirley Huang

    Coldwell Banker George Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18121060

California Regional Multiple Listing Service (CRMLS)

APN: 1048-492-22

California San Bernardino County Ontario 91764

1036 E Elma St Unit A-B-C, Ontario, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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