NOT LISTED FOR SALE

1106 E Elma St Ontario, CA 91764

Estimated Value: $831,000 - $888,000

5 Beds
3 Baths
2,002 Sq Ft
$434/Sq Ft Est. Value

Last Sold August 09, 2013

Last sale price $369,000 $184 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $5,144/month

9 Days on Market

Highlights

  • Lawn
  • Level Lot
  • 1-Story Property
  • Floor Furnace

About This Home

As of August 2013

Excellent income opportunity. 2 Bedroom / 1 Bathroom & 1 Bedroom / 1 Bathroom, income at $2700 / month. 3 car garage and 3 parking spaces. Has alley access, washer & dryer hookups - potential to increase rent. Near shopping and transportation. Priced to sell!!

Last Agent to Sell the Property

Amy Wang

High Ten Partners, Inc. License #01349731 Listed on: 06/11/2013

High Ten Partners, Inc.

Last Buyer's Agent

Ali Hijazi

Century 21 A Better Service License #01423794

Century 21 A Better Service

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,870

Year Built

  • Built in 1952

Lot Details

  • 6,300 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Lawn

Parking

  • 3 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,002 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Floor Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 13
  • Tax Tract Number 1923
  • Assessor Parcel Number 1048462050000

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Maintenance Expense $3,000
  • Trash Expense $900
  • Water Sewer Expense $1,740
  • New Taxes Expense $4,060
  • Gross Income $2,600
  • Net Operating Income $21,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,870

Year Built

Built in 1952

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.82
  • Improvements Amount: 188700
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1740.00
  • Property Type: Residential Income
  • Parcel Number: 1048462050000
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 184.32

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Floor Furnace
  • Sewer: Sewer Paid
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Value: 21600
  • Lot Features: Level, Lawn
  • Lot Size Sq Ft: 6300.00
  • Lot Size Acres: 0.1450

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2600.00
  • Gross Multiplier: 11.82
  • Gross Scheduled Income: 31200.00
  • Lot Size Area: 6300.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 21500.00
  • 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
  • Operating Expense: 9700.00
  • Rent Control: No
  • Total Actual Rent: 2600.00

Tax Info

  • New Taxes Expense: 4060.00
  • Tax Lot: 13
  • Tax Tract Number: 1923
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2013
Closed on
Jul 5, 2013
Sold by
Chen Te Shun
Bought by
Misquez Gilbert A and Misquez Sherry L
Seller's Agent
Amy Wang
High Ten Partners, Inc.
Buyer's Agent
Ali Hijazi
Century 21 A Better Service
List Price
$369,000
Sold Price
$369,000
Current Estimated Value
$869,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$500,659
Avg. Annual Appreciation
7.39%
Original Mortgage
$214,000
Outstanding Balance
$160,072
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$709,425

Purchase Details

Closed on
Jul 15, 2010
Sold by
R T Investment Group Inc
Bought by
Chen Te Shun and Huang Chiung Hui

Purchase Details

Closed on
May 17, 2004
Sold by
Rodriguez Alicia
Bought by
Rodriguez Alicia

Purchase Details

Closed on
Apr 12, 2004
Sold by
Rodriguez Pedro
Bought by
Rodriguez M Alicia

Purchase Details

Closed on
Dec 4, 2000
Sold by
Martinez Fidel Ramirez
Bought by
Rodriguez Pedro and Rodriguez Alicia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,400
Interest Rate
9.07%

Purchase Details

Closed on
Jun 13, 1996
Sold by
Garcia Carlos Rene
Bought by
Martinez Fidel Ramirez and Martinez Felicita Arroyo
Source: Public Records

Range of Values:

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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
Misquez Gilbert A $369,000 Orange Coast Title Company O
Chen Te Shun $265,000 Multiple
R T Investment Group Inc -- Multiple
Rodriguez Alicia -- Southland Title
Rodriguez M Alicia -- Southland Title
Rodriguez Pedro $138,000 North American Title Co
Martinez Fidel Ramirez -- North American Title Co
Martinez Fidel Ramirez -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Misquez Gilbert A $70,000
Open Misquez Gilbert A $214,000
Previous Owner Rodriguez Pedro $110,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2013 08/09/13 Sold $369,000 0.0% $184 / Sq Ft
06/20/2013 06/20/13 Pending -- -- --
06/11/2013 06/11/13 For Sale $369,000 -- $184 / 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 $4,870 $452,345 $158,137 $294,208
2024 $4,870 $443,475 $155,036 $288,439
2023 $4,733 $434,779 $151,996 $282,783
2022 $4,671 $426,254 $149,016 $277,238
2021 $4,642 $417,896 $146,094 $271,802
2020 $4,560 $413,611 $144,596 $269,015
2019 $4,521 $405,501 $141,761 $263,740
2018 $4,459 $397,550 $138,981 $258,569
2017 $4,299 $389,755 $136,256 $253,499
2016 $4,129 $382,112 $133,584 $248,528
2015 $4,101 $376,372 $131,577 $244,795
2014 $3,974 $369,000 $129,000 $240,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13110635

California Regional Multiple Listing Service (CRMLS)

APN: 1048-462-05