Seller's Agent in 2022
Colin Johnson
Premier Realty Associates
(323) 283-5852
1 in this area
16 Total Sales
18
Beds
10
Baths
7,640
Sq Ft
0.26
Acres
Highlights
- 13 Car Direct Access Garage
- Laundry Room
- Ceiling Fan
- Air Conditioning
- Attic Fan
- Gated Home
About This Home
As of August 202212950 5th St is a 'Pride Of Neighborhood' apartment complex in a purely residential area of Chino California. The living area is 7,640sf with an oversized 11,502sf lot. There are 8 X 2bd/1ba and 2 X 1bd/1ba. All units are large and airy with good natural light. Eight of the ten units have remodeled kitchens and all units have various updates completed, such as updated plumbing, bathrooms, windows, flooring, and paint. Roof has a new layer added less than 3 years ago. There are abundant 13 covered parking spaces and 3 uncovered spaces (16 total), allowing a savvy investor to take advantage of new ADU laws, converting some covered parking into TWO additional units! Because of the residential surrounding area, there is always ample street parking. Offered at a high cap rate (5%), 12950 5th street provides consistent cash flow, low maintenance, with a rental upside and ADU upside. 10 units are currently generating $19,600/mo gross revenue and net around $13,340/mo after all expenses, including property taxes, property management, insurance, utilities, trash, and various licenses. Year 2 NOI is 5.50%, and Year 3 NOI is 6.01%, assuming annual rent increases of 7.5%. Since AB1482 limits rent increases to 5% + CPI (cost of living/inflation), the limit should be higher over the next several years. Rental demand in this area of San Bernardino county is very strong. Tenant profile is middle class, working families, with consistent income. 2019 census states Chino, CA has a population of 89,631, median household income $81,711/yr, and average age 37.6 yo. Chino is considered superior to neighboring cities such as Montclair, Pomona, Ontario, Upland and Corona. Chino also neighbors its sister city Chino Hills, which has recently experienced significant increases in property values. Buyer responsible to perform all due diligence themselves, and the property is sold in as-is condition.
Last Agent to Sell the Property
Premier Realty Associates License #01937017 Listed on: 07/27/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963 | Remodeled
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 81x142
- Gated Home
Parking
- 13 Car Direct Access Garage
Interior Spaces
- 7,640 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Attic Fan
- Fire and Smoke Detector
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 18 Bedrooms
- 10 Bathrooms
Laundry
- Laundry Room
- Dryer
Additional Homes
- Accessory Dwelling Unit (ADU)
Utilities
- Air Conditioning
- Heating System Mounted To A Wall or Window
- TV Antenna
Listing and Financial Details
- Assessor Parcel Number 1020-023-17-0000
Community Details
Overview
- 3 Buildings
- 10 Units
Amenities
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/24/2022 08/24/22 | Sold | $3,105,000 | -3.0% | $406 / Sq Ft | |
| 08/03/2022 08/03/22 | Pending | -- | -- | -- | |
| 07/27/2022 07/27/22 | For Sale | $3,200,000 | +50.9% | $419 / Sq Ft | |
| 09/29/2021 09/29/21 | Sold | $2,120,000 | -7.3% | $277 / Sq Ft | View Prior Sale |
| 08/27/2021 08/27/21 | For Sale | $2,288,000 | 0.0% | $299 / Sq Ft | |
| 08/19/2021 08/19/21 | Pending | -- | -- | -- | |
| 08/19/2021 08/19/21 | For Sale | $2,288,000 | -- | $299 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $34,993 | $3,230,442 | $520,200 | $2,710,242 |
| 2024 | $34,993 | $3,167,100 | $510,000 | $2,657,100 |
| 2023 | $34,024 | $3,105,000 | $500,000 | $2,605,000 |
| 2022 | $23,590 | $2,120,000 | $345,000 | $1,775,000 |
| 2021 | $7,643 | $679,873 | $135,978 | $543,895 |
| 2020 | $7,545 | $672,902 | $134,584 | $538,318 |
| 2019 | $7,414 | $659,708 | $131,945 | $527,763 |
| 2018 | $7,252 | $646,773 | $129,358 | $517,415 |
| 2017 | $7,123 | $634,092 | $126,822 | $507,270 |
| 2016 | $6,660 | $621,659 | $124,335 | $497,324 |
| 2015 | $6,549 | $612,321 | $122,467 | $489,854 |
| 2014 | $6,420 | $600,326 | $120,068 | $480,258 |
Source: Public Records
Agents Affiliated with this Home
-
Colin Johnson
-
Patrick Byrne
Buyer's Agent in 2022
Patrick Byrne
West Shores Realty, Inc.
(310) 251-8938
1 in this area
17 Total Sales
-
Deon Thiara
Buyer Co-Listing Agent in 2022
Deon Thiara
West Shores Realty, Inc.
(310) 930-0853
1 in this area
6 Total Sales
-
Katherine Wang
K
Seller's Agent in 2021
Katherine Wang
RE/MAX
(909) 859-4579
1 in this area
9 Total Sales
Map
Source: The MLS
MLS Number: 22-183459
APN: 1020-023-17
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Nearby Homes
- 13085 5th St
- 13066 3rd St
- 13123 2nd St
- 5056 Washington Ave
- 13223 3rd St
- 4814 Ranch Rd
- 13239 2nd St
- 4862 Lincoln Ave
- 5382 Park Place
- 13257 2nd St
- 0 C St
- 12836 12th St Unit 27
- 5195 Walnut Ave Unit 14
- 4912 G St
- 12488 Monte Vista Ave
- 5640 Riverside Dr Unit 95
- 5640 Riverside Dr Unit 119
- 12585 Yorba Ave
- 13185 14th St
- 12951 Benson Ave Unit 118