NOT LISTED FOR SALE

115 E Nevada St Ontario, CA 91761

Downtown Ontario Neighborhood

Estimated Value: $563,540 - $721,000

2 Beds
2 Baths
1,344 Sq Ft
$488/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $375,000 $279 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,814/month

230 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 1-Story Property

About This Home

As of May 2019

PRICE REDUCTION!! BEST DEAL IN ONTARIO!!. PRO-FORMA CAP RATE AT 7% . PROPERTY OCCUPIED WITH GOOD LONG TERM TENANTS, NEWER CENTRAL AC & HEATING, NEWER WINDOWS NEWER FLOORING (ONE IS TILE FLOORING & ONE IS CARPET FLOORING), NEWER PAINT AND ROOF. EXTRA LOT AT THE REAR BACK CAN BE ADD ON MORE SQUARE FEET OF THE DUPLEX TO INCREASE RENTAL RATE. MUST SEE!!

Last Agent to Sell the Property

Karim Almandos

Homequest Real Estate License #01197927 Listed on: 07/18/2018

Homequest Real Estate

Last Buyer's Agent

Karim Almandos

Homequest Real Estate License #01197927 Listed on: 07/18/2018

Homequest Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 9,750 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Home Design

  • Property Attached

Interior Spaces

  • 1,344 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 1049251100000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $500
  • Operating Expense $500
  • Gross Income $21,600
  • Net Operating Income $20,520

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 1049251100000
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 279.02

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 9750.00
  • Lot Size Acres: 0.2238

Multi Family

  • Gross Income: 21600.00
  • Gross Scheduled Income: 21600.00
  • Insurance Expense: 500.00
  • Lot Size Area: 9750.0000 Square Feet
  • Net Operating Income: 20520.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1080.00
  • Rent Control: No
  • Total Expenses: 500.00

Tax Info

  • Tax Census Tract: 16.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2021
Sold by
Hernandez Robert and Hernandez Royina C
Bought by
Hernandez Robert and Hernandez Royina C
Current Estimated Value
$656,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Outstanding Balance
$253,008
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$403,377

Purchase Details

Listed on
Jul 18, 2018
Closed on
May 10, 2019
Sold by
Ramirez Ruben and Ramirez Lory
Bought by
Hernandez Robert and Hernandez Royina C
Seller's Agent
Karim Almandos
Homequest Real Estate
Buyer's Agent
Karim Almandos
Homequest Real Estate
List Price
$399,900
Sold Price
$375,000
Premium/Discount to List
-$24,900
-6.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.88%
Original Mortgage
$281,250
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 18, 2013
Closed on
Feb 6, 2014
Sold by
Gomez Jose A
Bought by
Ramirez Ruben and Ramirez Lory
Seller's Agent
JOSE MAS
REALTY ONE GROUP WEST
Buyer's Agent
Karim Almandos
Homequest Real Estate
List Price
$300,000
Sold Price
$260,000
Premium/Discount to List
-$40,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%

Purchase Details

Closed on
Jul 27, 2001
Sold by
Gomez Lorena M
Bought by
Gomez Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.1%

Purchase Details

Closed on
Jul 10, 2001
Sold by
Carranza Antonio G and Carranza Sylvia J
Bought by
Gomez Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.1%

Purchase Details

Closed on
Jan 27, 1998
Sold by
Carranza Antonio G and Carranza Sylvia J
Bought by
Carranza Antonio G and Carranza Sylvia J
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
Hernandez Robert -- Stewart Title
Hernandez Robert $375,000 Pacific Coast Title
Ramirez Ruben $260,000 Orange Coast Title Company
Gomez Jose A -- Chicago Title Co
Gomez Jose A $80,000 Chicago Title Co
Carranza Antonio G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Robert $280,000
Previous Owner Hernandez Robert $281,250
Previous Owner Gomez Jose A $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2019 05/31/19 Sold $375,000 -6.2% $279 / Sq Ft
03/05/2019 03/05/19 Pending -- -- --
02/20/2019 02/20/19 For Sale $399,900 +6.6% $298 / Sq Ft
02/11/2019 02/11/19 Off Market $375,000 -- --
11/16/2018 11/16/18 Price Changed $399,900 +247.7% $298 / Sq Ft
07/18/2018 07/18/18 For Sale $115,000 -55.8% $86 / Sq Ft
02/26/2014 02/26/14 Sold $260,000 -13.3% $193 / Sq Ft View Prior Sale
02/17/2014 02/17/14 Pending -- -- --
09/18/2013 09/18/13 For Sale $300,000 -- $223 / 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 $4,498 $418,321 $146,412 $271,909
2024 $4,498 $410,118 $143,541 $266,577
2023 $4,372 $402,076 $140,726 $261,350
2022 $4,591 $394,192 $137,967 $256,225
2021 $4,288 $386,463 $135,262 $251,201
2020 $4,286 $382,500 $133,875 $248,625
2019 $3,187 $285,718 $98,902 $186,816
2018 $3,143 $280,116 $96,963 $183,153
2017 $3,031 $274,624 $95,062 $179,562
2016 $2,911 $269,239 $93,198 $176,041
2015 $2,891 $265,195 $91,798 $173,397
2014 $1,051 $96,410 $36,154 $60,256
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Karim Almandos

    Homequest Real Estate

    (909) 376-5503

    38 Total Sales

    Karim Almandos
    Section Image

  • J

    Seller's Agent in 2014

    JOSE MAS

    REALTY ONE GROUP WEST

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18174105

California Regional Multiple Listing Service (CRMLS)

APN: 1049-251-10

California San Bernardino County Ontario 91761 Downtown Ontario

115 E Nevada St, Ontario, CA

Not Listed for Sale

MultiFamily

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