NOT LISTED FOR SALE

1036 E Elma St Ontario, CA 91764

Estimated Value: $843,000 - $1,037,584

6 Beds
3 Baths
2,175 Sq Ft
$432/Sq Ft Est. Value

Last Sold December 26, 2012

Last sale price $335,000 $154 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $5,584/month

10 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Level Lot

About This Home

As of December 2012

Great investment opportunity for investor with 6.3% cap rate. 3 units with 2 bedroom and 1 bathroom, new windows, new concrete, new exterior painting, 6 parking spaces, Easy access to freeway 10.

Last Agent to Sell the Property

Katie Chai

ReMax 2000 Realty License #01457862 Listed on: 11/01/2012

ReMax 2000 Realty

Last Buyer's Agent

KUAN SUNG

RE/MAX ELITE REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,292 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • 2,175 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity
  • 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
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Maintenance Expense $1,575
  • Water Sewer Expense $3,600
  • New Taxes Expense $3,566
  • Gross Income $2,625
  • Net Operating Income $21,319

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 6.30
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Parcel Number: 1048492220000
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Price Per Square Foot: 154.02

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Level, Level with Street
  • Lot Size Sq Ft: 5292.00
  • Lot Size Acres: 0.1210

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 2625.00
  • Gross Multiplier: 10.70
  • Gross Scheduled Income: 31500.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5292.0000 Square Feet
  • Maintenance Expense: 1575.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 21319.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 10181.00
  • Rent Control: No
  • Total Actual Rent: 2625.00

Tax Info

  • New Taxes Expense: 3566.00
  • Tax Lot: 8
  • Tax Tract Number: 1793
  • Tax Year: 2011

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
$939,396

Purchase Details

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

Purchase Details

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

Purchase Details

Listed on
Nov 1, 2012
Closed on
Jan 11, 2013
Sold by
Tsai Amy Yeishen
Bought by
Javc Investment Llc
Seller's Agent
Katie Chai
ReMax 2000 Realty
Buyer's Agent
KUAN SUNG
RE/MAX ELITE REALTY
List Price
$339,000
Sold Price
$335,000
Premium/Discount to List
-$4,000
-1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.25%

Purchase Details

Listed on
Nov 1, 2012
Closed on
Nov 2, 2012
Sold by
Chu Cheng Ming
Bought by
Tsai Amy Yeishen
Seller's Agent
Katie Chai
ReMax 2000 Realty
Buyer's Agent
KUAN SUNG
RE/MAX ELITE REALTY
List Price
$339,000
Sold Price
$335,000
Premium/Discount to List
-$4,000
-1.18%

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

Listed on
Nov 1, 2012
Closed on
Nov 1, 2012
Sold by
Yu Su Hao and Yu Jinny
Bought by
Tsai Amy Yeishen
Seller's Agent
Katie Chai
ReMax 2000 Realty
Buyer's Agent
KUAN SUNG
RE/MAX ELITE REALTY
List Price
$339,000
Sold Price
$335,000
Premium/Discount to List
-$4,000
-1.18%

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

Listed on
Apr 19, 2012
Closed on
May 11, 2012
Sold by
An Jing
Bought by
Yu Jinny
Seller's Agent
Oscar Mendez
Coldwell Banker Top Team
Buyer's Agent
Michelle Lee
No Firm Affiliation
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.73%

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 List to Sale Price per Sq Ft Prior Sale
12/26/2012 12/26/12 Sold $335,000 -1.2% $154 / Sq Ft
11/03/2012 11/03/12 Pending -- -- --
10/24/2012 10/24/12 For Sale $339,000 +23.3% $156 / Sq Ft
05/25/2012 05/25/12 Sold $275,000 0.0% $126 / Sq Ft View Prior Sale
04/25/2012 04/25/12 Pending -- -- --
04/19/2012 04/19/12 For Sale $275,000 -- $126 / 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: TR12132884

California Regional Multiple Listing Service (CRMLS)

APN: 1048-492-22