NOT LISTED FOR SALE

Estimated Value: $780,234 - $805,000

2 Beds
3 Baths
1,550 Sq Ft
$513/Sq Ft Est. Value

Last Sold July 13, 2018

Last sale price $340,000 $219 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $4,803/month

125 Days on Market

About This Home

As of July 2018

Back on the market with a huge price reduction of $30,000! These units are a great investment for a first time investor or a seasoned investor seeking solid returns. The property is composed of 3 units, 2 of which have 1 bedroom and 1 bath, and the 3rd is a studio. Within close proximity to Ontario Town Square, shopping and restaurants. There's upside rent potential. Potential cap rate 5.6%. Buyer to complete their own due diligence in regards to all aspects of the property, including square footage, income, expenses and potential rents.

Last Agent to Sell the Property

The Mark and Al Team

CENTURY 21 MASTERS License #00914322 Listed on: 03/02/2018

CENTURY 21 MASTERS

Last Buyer's Agent

Robert Cofer

CENTURY 21 MASTERS License #01947262

CENTURY 21 MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,735

Year Built

  • Built in 1922

Lot Details

  • 6,650 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 1,550 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 1048524080000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $804
  • Maintenance Expense $684
  • Trash Expense $1,350
  • Water Sewer Expense $1,350
  • New Taxes Expense $5,159
  • Operating Expense $10,152
  • Gross Income $27,840
  • Net Operating Income $17,688

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,735

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.40
  • Property Attached: No
  • Water Sewer Expenses: 1350.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 1048524080000
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 219.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Unknown
  • Trash Expense: 1350.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6650.00

Multi Family

  • Gross Income: 27840.00
  • Gross Scheduled Income: 27840.00
  • Insurance Expense: 804.00
  • Maintenance Expense: 684.00
  • Net Operating Income: 17688.00
  • 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: 10152.00
  • Rent Control: No
  • Total Expenses: 10152.00

Tax Info

  • New Taxes Expense: 5159.00
  • Tax Census Tract: 15.01
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2024
Sold by
Olmos Jose
Bought by
Olmos Revocable Trust and Olmos
Current Estimated Value
$795,309

Purchase Details

Closed on
Aug 21, 2024
Sold by
Olmos Carolina
Bought by
Carolina Olmos Revocable Trust and Olmos

Purchase Details

Closed on
Aug 28, 2019
Sold by
Olmos Jose
Bought by
Olmos Jose and Olmos Carolina

Purchase Details

Closed on
Dec 5, 2018
Sold by
Ellish Mary S
Bought by
Olmos Jose

Purchase Details

Listed on
Mar 2, 2018
Closed on
Jul 6, 2018
Sold by
Tavk Holding Llc
Bought by
Ellish Mary S
Seller's Agent
The Mark and Al Team
CENTURY 21 MASTERS
Buyer's Agent
Robert Cofer
CENTURY 21 MASTERS
List Price
$429,900
Sold Price
$340,000
Premium/Discount to List
-$89,900
-20.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.62%
Original Mortgage
$100,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 5, 2012
Closed on
Nov 1, 2012
Sold by
Phillips Jason Aaron
Bought by
Tavk Holding Llc
Seller's Agent
David Garcia
Century 21 Masters
Buyer's Agent
Richard Lim
Long Dragon Realty Group, Inc.
List Price
$265,000
Sold Price
$260,000
Premium/Discount to List
-$5,000
-1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.85%

Purchase Details

Closed on
Mar 13, 2012
Sold by
The Bank Of New York Mellon
Bought by
Phillips Jason Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2011
Sold by
Ceron Jose D and Ceron Blanca E
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Aug 9, 2005
Sold by
Shotkoski Alex G and Shotkoski Connie B
Bought by
Ceron Jose D and Ceron Blanca E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,999
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 10, 2003
Sold by
Domond Joseph M
Bought by
Shotkoski Alex G and Shotkoski Connie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2002
Sold by
Domond Joseph M
Bought by
Domond Joseph M

Purchase Details

Closed on
Dec 8, 2000
Sold by
Domond R
Bought by
Domond Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 2000
Sold by
Domond Financial Services Inc
Bought by
Domond Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 1999
Sold by
Doizan Ann S
Bought by
Domond Financial Services Inc

Purchase Details

Closed on
Jun 9, 1999
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Doizan Ann S

Purchase Details

Closed on
Jul 13, 1998
Sold by
Alfredo Enriquez and Alfredo Balvina Enriquez
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Oct 11, 1997
Sold by
Alfredo Enriquez and Alfredo Balvina Enriquez
Bought by
Perez Francisco
Source: Public Records

Range of Values:

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Average Value
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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
Olmos Revocable Trust -- None Listed On Document
Carolina Olmos Revocable Trust -- None Listed On Document
Olmos Jose -- None Available
Olmos Jose $478,000 Chicago Title Company
Ellish Mary S $340,000 Chicago Title Company
Tavk Holding Llc $260,000 None Available
Phillips Jason Aaron $162,000 North American Title Company
The Bank Of New York Mellon $247,500 None Available
Ceron Jose D $530,000 Cal Hall-Placer
Shotkoski Alex G $200,000 Ticor Title Co
Domond Joseph M -- Ticor Title Co
Domond Joseph M -- First American Title Ins Co
Domond Joseph M -- --
Domond Financial Services Inc -- --
Doizan Ann S $110,000 First American Title Co
Federal Home Loan Mortgage Corporation $128,264 Landsafe Title
Perez Francisco -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olmos Jose $265,000
Previous Owner Ellish Mary S $100,000
Previous Owner Phillips Jason Aaron $125,000
Previous Owner Ceron Jose D $423,999
Previous Owner Shotkoski Alex G $220,000
Previous Owner Shotkoski Alex G $160,000
Previous Owner Domond Joseph M $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2018 07/13/18 Sold $340,000 0.0% $219 / Sq Ft
07/05/2018 07/05/18 Pending -- -- --
07/03/2018 07/03/18 Off Market $340,000 -- --
05/31/2018 05/31/18 Price Changed $399,900 -7.0% $258 / Sq Ft
05/02/2018 05/02/18 Price Changed $429,900 0.0% $277 / Sq Ft
05/02/2018 05/02/18 For Sale $429,900 -6.5% $277 / Sq Ft
04/23/2018 04/23/18 Pending -- -- --
04/12/2018 04/12/18 For Sale $459,800 0.0% $297 / Sq Ft
03/22/2018 03/22/18 Pending -- -- --
03/02/2018 03/02/18 For Sale $459,800 +76.8% $297 / Sq Ft
11/15/2012 11/15/12 Sold $260,000 -1.9% $168 / Sq Ft
10/29/2012 10/29/12 Pending -- -- --
06/05/2012 06/05/12 For Sale $265,000 -- $171 / 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 $5,735 $596,609 $208,146 $388,463
2024 $5,735 $522,762 $182,639 $340,123
2023 $5,574 $512,512 $179,058 $333,454
2022 $5,500 $502,463 $175,547 $326,916
2021 $5,466 $492,611 $172,105 $320,506
2020 $5,370 $487,560 $170,340 $317,220
2019 $3,796 $340,000 $120,000 $220,000
2018 $3,164 $281,389 $50,434 $230,955
2017 $3,051 $275,871 $49,445 $226,426
2016 $2,931 $270,461 $48,475 $221,986
2015 $2,911 $266,399 $47,747 $218,652
2014 $2,820 $261,181 $46,812 $214,369
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18047872

California Regional Multiple Listing Service (CRMLS)

APN: 1048-524-08