NOT LISTED FOR SALE

1061 E D St Ontario, CA 91764

7 Beds
6 Baths
3,963 Sq Ft
25,099 Sq Ft

Last Sold March 14, 2023

Last sale price $1,300,000 $328 Per Sq Ft

63 Days on Market

About This Home

As of March 2023

JUST REDUCED!! Great investment opportunity! These 5 units are located in an excellent location with easy access to freeway and shopping district. The main unit has 3 bedrooms and 2 baths approximately 1659 SF; four units are 1 bedroom 1 bath. These units sit on a huge lot over 25,000 SF with plenty of parking and is a desirable rental area.

Last Agent to Sell the Property

Amy Lei

KW Executive License #01370893 Listed on: 10/04/2022

KW Executive

Co-Listed By

Yi-Cheng Chu

KW Executive License #02040364

Last Buyer's Agent

Teresa Choi

IRN Realty License #01899679

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 0.58 Acre Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 20 Parking Spaces

Home Design

  • Apartment

Interior Spaces

  • 3,963 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 3046
  • Assessor Parcel Number 1048431010000
  • $707 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $800
  • Insurance Expense $2,400
  • Maintenance Expense $2,500
  • Professional Management Expense $3,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,500
  • Operating Expense $11,400
  • Gross Income $93,000
  • Net Operating Income $81,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0.58 Acres

Listing Details

  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 800.00
  • Parcel Number: 1048431010000
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 328.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 20.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 25098.00
  • Lot Size Acres: 0.5762

Multi Family

  • Gross Income: 93000.00
  • Gross Scheduled Income: 93000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 25098.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 81600.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 11400.00
  • Rent Control: No
  • Total Expenses: 11400.00

Tax Info

  • Tax Census Tract: 15.03
  • Tax Lot: 22
  • Tax Tract Number: 3046
  • TaxOtherAnnualAssessmentAmount: 707.00
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/14/2023 03/14/23 Sold $1,300,000 -12.2% $328 / Sq Ft
10/20/2022 10/20/22 Price Changed $1,480,000 -6.3% $373 / Sq Ft
10/04/2022 10/04/22 For Sale $1,580,000 +179.6% $399 / Sq Ft
02/21/2014 02/21/14 Sold $565,000 -2.6% $341 / Sq Ft View Prior Sale
01/12/2014 01/12/14 Pending -- -- --
12/08/2013 12/08/13 For Sale $580,000 -- $350 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,853 $1,352,520 $468,180 $884,340
2024 $14,515 $1,326,000 $459,000 $867,000
2023 $7,246 $665,719 $212,087 $453,632
2022 $7,150 $652,665 $207,928 $444,737
2021 $7,106 $639,868 $203,851 $436,017
2020 $6,981 $633,307 $201,761 $431,546
2019 $6,921 $620,889 $197,805 $423,084
2018 $6,826 $608,714 $193,926 $414,788
2017 $6,581 $596,779 $190,124 $406,655
2016 $6,321 $585,077 $186,396 $398,681
2015 $6,278 $576,288 $183,596 $392,692
2014 $2,805 $258,588 $86,195 $172,393
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22214328

California Regional Multiple Listing Service (CRMLS)
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