Seller's Agent in 2023
Brett Bayless
Brett Bayless, Broker
(909) 235-7888
15 Total Sales
1101 E 5th St Ontario, CA 91764
2
Beds
1
Bath
4,221
Sq Ft
15,181
Sq Ft Lot
About This Home
As of March 2023We are pleased to present the opportunity to acquire 1101 East 5th Street, a five-unit multifamily community located in Ontario, California. Built in 1985 and situated on 0.35 acres, the property is comprised of a single two-story building housing all two-bedroom / one-bathroom units measuring 850 square feet. The interiors have all been completely remodeled with new finishes as well as capital improvements including new tankless water heaters, central air conditioning and heating, plumbing, and electrical with additional planned upgrades. 1105 East 5th Street is conveniently located off the 10 Freeway, which connects residents to the employment, entertainment, shopping, and dining located in Ontario and throughout the Inland Empire region. The property is within five miles of major demand drivers and employment hubs including the Ontario Airport and its surrounding business parks and industrial centers, the Ontario Convention Center, and Ontario Mills. 5.52% CAP RATE WITH RENT INCREASE ON JAN 1 2023
Last Agent to Sell the Property
Brett Bayless, Broker License #01718244 Listed on: 08/01/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1985
Lot Details
- 0.35 Acre Lot
- No Common Walls
- Private Yard
Parking
- 5 Car Garage
Interior Spaces
- 4,221 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Listing and Financial Details
- Assessor Parcel Number 1047444100000
- $1,244 per year additional tax assessments
Community Details
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $479
- Fuel Expense $445
- Insurance Expense $1,727
- Water Sewer Expense $5,300
- Operating Expense $33,607
- Gross Income $112,896
- Net Operating Income $61,868
Additional Features
- 5 Units
- Laundry Facilities
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/01/2023 03/01/23 | Sold | $1,400,000 | -2.4% | $332 / Sq Ft |
| 12/28/2022 12/28/22 | Pending | -- | -- | -- |
| 12/12/2022 12/12/22 | Price Changed | $1,435,000 | -2.7% | $340 / Sq Ft |
| 10/06/2022 10/06/22 | Price Changed | $1,475,000 | -10.6% | $349 / Sq Ft |
| 08/01/2022 08/01/22 | For Sale | $1,650,000 | -- | $391 / 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 | $17,242 | $1,570,800 | $436,968 | $1,133,832 |
| 2024 | $16,851 | $1,540,000 | $428,400 | $1,111,600 |
| 2023 | $13,064 | $1,203,599 | $421,522 | $782,077 |
| 2022 | $12,892 | $1,179,999 | $413,257 | $766,742 |
| 2021 | $12,812 | $1,156,862 | $405,154 | $751,708 |
| 2020 | $12,587 | $1,145,000 | $401,000 | $744,000 |
| 2019 | $4,987 | $446,303 | $121,393 | $324,910 |
| 2018 | $4,918 | $437,552 | $119,013 | $318,539 |
| 2017 | $4,742 | $428,972 | $116,679 | $312,293 |
| 2016 | $4,555 | $420,561 | $114,391 | $306,170 |
| 2015 | $4,524 | $414,244 | $112,673 | $301,571 |
| 2014 | $4,383 | $406,130 | $110,466 | $295,664 |
Source: Public Records
Agents Affiliated with this Home
-
Brett Bayless
-
EYAD TABEL
E
Buyer's Agent in 2023
EYAD TABEL
REALTY ONE GROUP ROADS
(951) 623-6884
6 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22168878
APN: 1047-444-10-0000
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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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