NOT LISTED FOR SALE
10 Beds
6 Baths
3,502 Sq Ft
9,648 Sq Ft Lot

Last Sold July 01, 2019

Last sale price $1,150,000 $328 Per Sq Ft

21 Days on Market

Highlights

  • Laundry Room
  • 1-Story Property
  • 5-minute walk to Conservation Park

About This Home

As of July 2019

We are pleased to present 132 N Pleasant Avenue, a unique 6 unit multi-family property in the heart of the rapidly growing city of Ontario. This is the first time the property has been offered for sale in over 40 years! The subject property is comprised of four single-story detached 2 bedroom/1 bathroom units, along with two spacious 1 bedroom/1 bathroom units which are situated above six single-car garages. Tenants enjoy gated privacy as well as a sense of ownership from the privacy the single level units offer. The current owner has invested in a substantial amount of capital improvements including; new electrical system, new copper plumbing, as well as completely updated interiors. A new investor can take advantage of this "turn-key" asset while enjoying a generous 5.35%+ Cash-On-Cash Return upon the close of escrow. Poised for long term stable occupancy and growth, the subject property is ideal for your next 1031-Exchange or new purchase.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 03/22/2019

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 03/22/2019

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 9,648 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,502 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 23
  • Tax Tract Number 23
  • Assessor Parcel Number 1048523230000

Community Details

Overview

  • 5 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $240
  • Insurance Expense $1,401
  • Maintenance Expense $4,464
  • Other Expense $900
  • Trash Expense $2,400
  • Water Sewer Expense $3,300
  • New Taxes Expense $13,380
  • Operating Expense $26,085
  • Gross Income $92,040
  • Net Operating Income $63,194

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.67
  • Property Attached: Yes
  • Water Sewer Expenses: 3300.00
  • Property Type: Residential Income
  • Parcel Number: 1048523230000
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 328.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9648.00
  • Lot Size Acres: 0.2215

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 240.00
  • Gross Income: 92040.00
  • Gross Operating Income: 89279.00
  • Gross Scheduled Income: 92040.00
  • Insurance Expense: 1401.00
  • Lot Size Area: 9648.0000 Square Feet
  • Maintenance Expense: 4464.00
  • Net Operating Income: 63194.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 26085.00
  • Other Expense: 900.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Expenses: 26085.00
  • Vacancy Allowance: 2761

Tax Info

  • New Taxes Expense: 13380.00
  • Tax Census Tract: 15.01
  • Tax Lot: 23
  • Tax Tract Number: 23

Range of Values:

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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 Change Sq Ft Price
07/01/2019 07/01/19 Sold $1,150,000 +3.1% $328 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
03/22/2019 03/22/19 For Sale $1,115,000 0.0% $318 / Sq Ft
01/29/2012 01/29/12 Rented $975 -2.4% --
01/25/2012 01/25/12 Under Contract -- -- --
11/25/2011 11/25/11 For Rent $999 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19064348

California Regional Multiple Listing Service (CRMLS)