NOT LISTED FOR SALE

12811 9th St Chino, CA 91710

3 Beds
2 Baths
8,464 Sq Ft
0.4 Acres

Last Sold May 17, 2024

Last sale price $3,150,000 $372 Per Sq Ft

30 Days on Market

Highlights

  • 0.4 Acre Lot
  • Laundry Room
  • Landscaped
  • Lawn

About This Home

As of May 2024

The 12811 9th Street property was built in 1980 and is in excellent condition. The City of Chino has no rent controlled, but the property does fall under California AB 1482 allowing for rent increases of 5% plus CPI each year. The tenants will receive their 2024 rent increase notifications shortly and the rents listed in the Offering Memorandum are effective July 1st. The property has a desirable unit mix with 4 one-bedroom/one-bathroom units, as well as 6 two-bedroom/one-bathroom units. There is ample parking in back including 10 garage parking spaces (1 per unit) and 10 open uncovered parking spaces. The roofs are in excellent condition. The building’s plumbing is copper. There is also a laundry room with two washers and two dryers. The equipment is Leased from WASH Laundry and has a contract in place.

Last Agent to Sell the Property

Warren Berzack

Warren Lee Berzack Brokerage Phone: 818-269-2979 License #01329015 Listed on: 04/08/2024

Warren Lee Berzack

Last Buyer's Agent

Steven Bremer

STEVEN BREMER, BROKER License #01854408

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 0.4 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Lawn
  • Garden

Parking

  • 10 Open Parking Spaces
  • 10 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 8,464 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 61
  • Tax Tract Number 1
  • Assessor Parcel Number 1015612170000
  • $1,078 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,703
  • Gardener Expense $2,400
  • Insurance Expense $8,864
  • Maintenance Expense $14,812
  • Other Expense $900
  • Pest Control $900
  • Supplies Expense $5,240
  • Trash Expense $2,000
  • Water Sewer Expense $6,000
  • New Taxes Expense $37,800
  • Operating Expense $80,720
  • Gross Income $219,523
  • Net Operating Income $132,218

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Parking

10

Listing Details

  • CapRate: 4.20
  • Property Attached: Yes
  • Supplies Expense: 5240.00
  • Water Sewer Expenses: 6000.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 1015612170000
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 372.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 20.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Landscaped, Lawn, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 17400.00
  • Lot Size Acres: 0.3994

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1703.00
  • Gross Income: 219523.00
  • Gross Multiplier: 14.35
  • Gross Operating Income: 212938.00
  • Gross Scheduled Income: 219523.00
  • Insurance Expense: 8864.00
  • Lot Size Area: 17400.0000 Square Feet
  • Maintenance Expense: 14812.00
  • Net Operating Income: 132218.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Number With Range: 10
  • Operating Expense: 80720.00
  • Other Expense: 900.00
  • Other Expense Description: Misc
  • Rent Control: No
  • Total Expenses: 80720.00

Tax Info

  • New Taxes Expense: 37800.00
  • Tax Census Tract: 6.04
  • Tax Lot: 61
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 1078.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2024 05/17/24 Sold $3,150,000 0.0% $372 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
04/08/2024 04/08/24 For Sale $3,150,000 -- $372 / 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 $35,761 $3,213,000 $1,020,000 $2,193,000
2024 $11,844 $1,064,917 $257,523 $807,394
2023 $11,518 $1,044,037 $252,474 $791,563
2022 $11,450 $1,023,566 $247,524 $776,042
2021 $11,227 $1,003,496 $242,671 $760,825
2020 $11,082 $993,207 $240,183 $753,024
2019 $10,889 $973,733 $235,474 $738,259
2018 $5,665 $502,955 $45,554 $457,401
2017 $5,564 $493,093 $44,661 $448,432
2016 $5,204 $483,424 $43,785 $439,639
2015 $5,122 $476,162 $43,127 $433,035
2014 $5,022 $466,834 $42,282 $424,552
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24069187

California Regional Multiple Listing Service (CRMLS)
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