NOT LISTED FOR SALE

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

Ontario Area
6 Beds
3 Baths
2,175 Sq Ft
5,292 Sq Ft Lot

Sale Details

Date Sold: June 21, 2018

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

22 Days on Market

Highlights

  • Mountain View
  • Tile Flooring
  • 1-Story Property
  • No HOA
  • Wall Furnace

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
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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
Wutan Alejandro
Bought by

Purchase Details

Listed on
May 22, 2018
Closed on
Jun 7, 2018
Sold by
Diamond Plus Investments Llc
Bought by
Wutan Alejandro and Tan Huiyu
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%

Purchase Details

Closed on
Jul 1, 2017
Sold by
Javc Investment Llc
Bought by
Diamond Plus Investments Llc

Purchase Details

Closed on
Jan 11, 2013
Sold by
Tsai Amy Yeishen
Bought by
Javc Investment Llc

Purchase Details

Closed on
Nov 2, 2012
Sold by
Chu Cheng Ming
Bought by
Tsai Amy Yeishen

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
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2012
Sold by
Yu Su Hao and Yu Jinny
Bought by
Tsai Amy Yeishen

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
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2012
Sold by
Hernandez Robert M and Hernandez Royina C
Bought by
Yu Su Hao and Yu Jinny

Purchase Details

Closed on
Aug 27, 2010
Sold by
Hernandez Robert M and Hernandez Royina C
Bought by
Hernandez Robert M and Hernandez Royina C

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
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2004
Sold by
Lopez Albert R
Bought by
Hernandez Robert M and Hernandez Royina C

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
5.69%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Wutan Alejandro $650,000 Ticor Title Company
Diamond Plus Investments Llc $475,000 Chicago Title Company
Javc Investment Llc -- Ctc
Tsai Amy Yeishen -- First American Title
Tsai Amy Yeishen $335,000 First American Title
Yu Su Hao $275,000 Chicago Title
Yu Su Hao -- Chicago Title
Yu Jinny -- Chicago Title
Hernandez Robert M -- Stewart Title Of California
Hernandez Robert M $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
Previous Owner $216,000
Previous Owner Tsai Amy Yeishen $216,000
Previous Owner Hernandez Robert M $225,000
Previous Owner Hernandez Robert M $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
2026 $8,128 $754,381 $261,131 $493,250
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

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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

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