NOT LISTED FOR SALE

1036 E Elma St Unit AC Ontario, CA 91764

Estimated Value: $810,000 - $1,059,370

6 Beds
3 Baths
2,175 Sq Ft
$431/Sq Ft Est. Value

Last Sold July 06, 2017

Last sale price $475,000 $218 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $6,026/month

8 Days on Market

Highlights

  • No HOA
  • Living Room
  • Wood Fence
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Wall Furnace

About This Home

As of July 2017

Great investment opportunity with great rents for the value of the property! All three units are occupied and have leases in place. Three 2 bedroom, 1 bath units. Most windows were upgraded with vinyl windows. Shower valves and kitchen faucets recently replaced. All units have gas wall heaters and window A/C units. 6 parking spaces (2 per unit). Great ROI! Ontario is booming and the city has recently spend millions on redevelopment with a more vibrant downtown and amenities!

Last Agent to Sell the Property

Ryan Zimmerman

CONCIERGE REALTY GROUP License #01801354 Listed on: 06/15/2017

Last Buyer's Agent

Amy Wu

Partner Real Estate License #01044806

Partner Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,943

Year Built

  • Built in 1962

Lot Details

  • 5,292 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Front Yard

Home Design

  • Property Attached
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2,175 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $934
  • Maintenance Expense $1,800
  • Professional Management Expense $1,067
  • Trash Expense $1,020
  • Water Sewer Expense $2,340
  • New Taxes Expense $3,755
  • Operating Expense $10,916
  • Net Operating Income $36,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,943

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Professional Management Expense: 1067.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2340.00
  • Property Type: Residential Income
  • Parcel Number: 1048492220000
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 218.39
  • Room Type: Living Room

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1020.00
  • 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: Front Yard
  • Lot Size Sq Ft: 5292.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 36300.00
  • Insurance Expense: 934.00
  • Maintenance Expense: 1800.00
  • Net Operating Income: 36300.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Rent Control: No
  • Total Actual Rent: 3025.00
  • Total Expenses: 10916.00

Tax Info

  • New Taxes Expense: 3755.00
  • Tax Lot: 8
  • Tax Tract Number: 1793

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2021
Sold by
Wutan Alejandro
Bought by
Wutan Alejandro and Tan Huiyu
Current Estimated Value
$979,658

Purchase Details

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

Purchase Details

Listed on
Jun 15, 2017
Closed on
Jul 1, 2017
Sold by
Javc Investment Llc
Bought by
Diamond Plus Investments Llc
Seller's Agent
Ryan Zimmerman
CONCIERGE REALTY GROUP
Buyer's Agent
Amy Wu
Partner Real Estate
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.53%

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
An Jing
Bought by
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

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wutan Alejandro -- 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 Jinny -- Chicago Title
Yu Su Hao -- Chicago Title
Yu Su Hao $275,000 Chicago Title
Hernandez Robert M -- Stewart Title Of California
Hernandez Robert M $335,000 Investors Title Co San Bern
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tsai Amy Yeishen $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

Date Event Price Change Sq Ft Price
07/06/2017 07/06/17 Sold $475,000 0.0% $218 / Sq Ft
06/15/2017 06/15/17 For Sale $475,000 -- $218 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $7,943 $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: CV17134848

California Regional Multiple Listing Service (CRMLS)

APN: 1048-492-22