NOT LISTED FOR SALE

1120 E Elma St Ontario, CA 91764

Estimated Value: $748,517 - $1,010,000

2 Beds
1 Bath
2,310 Sq Ft
$357/Sq Ft Est. Value

Sale Details

Date Sold: June 13, 2025

Last sale price $770,000 $333 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,058 / mo

119 Days on Market

Highlights

  • Corner Lot
  • Cottage
  • 3 Car Garage
  • Lawn
  • Laundry Room
  • Wrought Iron Fence

About This Home

As of June 2025

**PRICE REDUCED** Located in Ontario’s Downtown area, a TRI-PLEX located on a corner lot with 2 bedroom, 1 bath units with one car detached garages. The units were built in 1955 and are approximately 770 square feet each. Each unit has separate front and rear patios and individual washer/dryer hookups in the kitchen. The gross income for rent and utility reimbursement from tenant to landlord is $4,894. Professionally managed them since June 2024. $120 pass thru utility charge per unit was put in place in August 2024 and all rents were increased in January 2025. The tenants are all long term. Another rent increase can go into place in January of 2026.**Subject to cancellation of Existing escrow**

Last Agent to Sell the Property

Rudy LaBrada

THE LABRADA GROUP Brokerage Email: info@thelabradagroup.com License #01117345 Listed on: 02/11/2025

Last Buyer's Agent

Rudy LaBrada

THE LABRADA GROUP Brokerage Email: info@thelabradagroup.com License #01117345 Listed on: 02/11/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,300 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Corner Lot
  • Lawn

Parking

  • 3 Car Garage
  • On-Street Parking

Home Design

  • Triplex
  • Cottage
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 2,310 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 1923
  • Assessor Parcel Number 1048462070000
  • $595 per year additional tax assessments

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $1,577
  • Water Sewer Expense $3,300
  • New Taxes Expense $10,625
  • Operating Expense $18,002
  • Gross Income $58,728
  • Net Operating Income $40,726

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

6,300 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 3300.00
  • Architectural Style: Cottage
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 1048462070000
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 333.33
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Garage, Street
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1577.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lawn
  • Lot Size Sq Ft: 6300.00
  • Lot Size Acres: 0.1446

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 770 Square Feet
  • Gross Income: 58728.00
  • Gross Scheduled Income: 58728.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 6300.0000 Square Feet
  • Net Operating Income: 40726.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 18002.00
  • Rent Control: No
  • Total Expenses: 18002.00

Tax Info

  • New Taxes Expense: 10625.00
  • Tax Census Tract: 15.03
  • Tax Lot: 15
  • Tax Tract Number: 1923
  • TaxOtherAnnualAssessmentAmount: 595.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2025
Closed on
May 16, 2025
Sold by
Harmony Capital Investment Llc
Bought by
Huynh Quyen Ngoc
Seller's Agent
Rudy LaBrada
THE LABRADA GROUP
Buyer's Agent
Rudy LaBrada
THE LABRADA GROUP
List Price
$850,000
Sold Price
$770,000
Premium/Discount to List
-$80,000
-9.41%
Views
83
Current Estimated Value
$824,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,129
Avg. Annual Appreciation
7.75%
Original Mortgage
$539,000
Outstanding Balance
$537,132
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$286,997

Purchase Details

Closed on
May 24, 2019
Sold by
Ho Man Chi and Ho Quang Anh
Bought by
Harmony Capital Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,750
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2019
Sold by
Ho Man Chi
Bought by
Ho Man Chi and Ho Quang Anh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,750
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2019
Sold by
Quang Anh Thuc
Bought by
Ho Man Chi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,750
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2019
Sold by
Lu Jacob Neng Jung and Lu Cindy Yufen
Bought by
Ho Man Chi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,750
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2019
Sold by
Lu Family Trust
Bought by
Lu Jacob Neng Jung and Lu Cindy Yufen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,750
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2014
Sold by
Lu Jacob N
Bought by
The Lu Family Trust

Purchase Details

Listed on
Jan 17, 2013
Closed on
Feb 20, 2013
Sold by
Ordaz Juan Jose
Bought by
Lu Jacob N and Lu Cindy Yufen
Seller's Agent
PABLO MEDINA
Century 21 Beachside
Buyer's Agent
Cindy Lu
Cindy Lu
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.97%

Purchase Details

Closed on
Apr 23, 2010
Sold by
Bernardino Jose
Bought by
Ordaz Juan Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,013
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 24, 2004
Sold by
Chan Lisa D
Bought by
Bernardino Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,400
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2004
Sold by
Truong Vincent
Bought by
Chan Lisa D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2004
Sold by
Cruz Rosendo
Bought by
Chan Lisa D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2002
Sold by
Cruz Maria
Bought by
Cruz Rosendo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,885
Interest Rate
5.96%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 19, 2002
Sold by
Torres Maria S
Bought by
Cruz Rosendo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,885
Interest Rate
5.96%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 4, 1999
Sold by
Ramos Guillermo
Bought by
Torres Maria S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,950
Interest Rate
2.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Huynh Quyen Ngoc $770,000 Wfg National Title Company
Harmony Capital Investment Llc -- None Available
Ho Man Chi -- None Available
Ho Man Chi -- Stewart Title Of Ca Inc
Ho Man Chi $645,000 Stewart Title Of Ca Inc
Lu Jacob Neng Jung -- Stewart Title Of Ca Inc
Lu Family Trust -- Stewart Title Of Ca Inc
The Lu Family Trust -- Advantage Title Inc
Lu Jacob N $385,000 Fidelity National Title Co
Ordaz Juan Jose $300,000 Fidelity National Title Co
Bernardino Jose $468,000 Southland Title Of Burbank
Bernardino Jose -- Southland Title Of Burbank
Chan Lisa D -- Atc-Glendale
Chan Lisa D $360,000 Atc-Glendale
Cruz Rosendo -- United Title
Cruz Rosendo $199,000 United Title
Torres Maria S $160,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huynh Quyen Ngoc $539,000
Previous Owner Ho Man Chi $483,750
Previous Owner Ordaz Juan Jose $296,013
Previous Owner Bernardino Jose $374,400
Previous Owner Chan Lisa D $284,000
Previous Owner Cruz Rosendo $191,885
Previous Owner Torres Maria S $143,950
Closed Bernardino Jose $70,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/13/2025 06/13/25 Sold $770,000 -4.9% $333 / Sq Ft
06/10/2025 06/10/25 Pending -- -- --
05/02/2025 05/02/25 Price Changed $810,000 -4.7% $351 / Sq Ft
02/11/2025 02/11/25 For Sale $850,000 +120.8% $368 / Sq Ft
03/30/2013 03/30/13 Sold $385,000 -2.5% $167 / Sq Ft View Prior Sale
02/19/2013 02/19/13 Pending -- -- --
01/17/2013 01/17/13 For Sale $395,000 -- $171 / 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 $7,908 $719,509 $252,106 $467,403
2024 $7,728 $705,401 $247,163 $458,238
2023 $7,511 $691,570 $242,317 $449,253
2022 $7,412 $678,010 $237,566 $440,444
2021 $7,366 $664,716 $232,908 $431,808
2020 $7,237 $657,900 $230,520 $427,380
2019 $4,737 $425,004 $149,028 $275,976
2018 $4,672 $416,671 $146,106 $270,565
2017 $4,504 $408,501 $143,241 $265,260
2016 $4,326 $400,491 $140,432 $260,059
2015 $4,297 $394,476 $138,323 $256,153
2014 $4,164 $386,748 $135,613 $251,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25030654

California Regional Multiple Listing Service (CRMLS)

APN: 1048-462-07

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