NOT LISTED FOR SALE

1412 E D St Ontario, CA 91764

Estimated Value: $1,377,000 - $1,667,182

10 Beds
6 Baths
4,049 Sq Ft
$384/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $1,020,000 $252 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $9,163/month

53 Days on Market

Highlights

  • No Units Above
  • Craftsman Architecture
  • Neighborhood Views
  • Open Floorplan
  • Property is near a park
  • 4-minute walk to James Galanis Park

About This Home

As of July 2018

Incredible Investor Opportunity 4 Unit complex in an amazing location near the City of Ontario Airport. This investment/income property features two 2 bedroom, 1 bathroom units at 850 sqft and two, spacious 3 bedroom, 2 bathrooms 1,249 and 1,100 sqft units. All four units include 2 car garages that can enter into the unit from the garage and laundry hookups. The two end units feature fireplaces and small private backyard space, while the two middle units feature balconies. All tenants have been in these units longterm. Owner took great care of the units over the years with maintenance, upgrades and upkeep. The building itself is in great condition. You will not want to miss this excellent opportunity located in an upcoming area, next to fantastic schools, shopping, and great neighborhoods that tenants love. These units are very easy to find tenants for due to location. Act now and don't miss out, duplex’s and 4-plex’s are selling fast in this current market, whether you are looking to live in one and rent the other three units or are a seasoned investor this property is for you!

Last Agent to Sell the Property

Kristopher Roundy

The Virtual Realty Group License #02032464 Listed on: 04/26/2018

Co-Listed By

Sam Tsapatolis

First Team Real Estate License #01417811

Last Buyer's Agent

Ling Wang

Ling Ya Wang License #01978699

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,905

Year Built

  • Built in 1979

Lot Details

  • 10,720 Sq Ft Lot
  • Lot Dimensions are 80x134
  • Property fronts an alley
  • No Units Above
  • End Unit
  • No Units Located Below
  • Two or More Common Walls
  • Wrought Iron Fence
  • Partially Fenced Property
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Front Yard

Parking

  • 8 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Garage Door Opener
  • Up Slope from Street
  • Shared Driveway
  • Parking Lot

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Property Attached
  • Common Roof
  • Concrete Perimeter Foundation
  • Asphalt

Interior Spaces

  • 4,049 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Family Room with Fireplace
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Built-In Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Phone Connected
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Property is near a park

Listing and Financial Details

  • Tenant pays for cable TV, gas
  • Tax Lot 18
  • Tax Tract Number 12582
  • Assessor Parcel Number 0110042190000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $2,100
  • Other Expense $1,200
  • Water Sewer Expense $5,400
  • New Taxes Expense $10,876
  • Operating Expense $19,876
  • Gross Income $60,300
  • Net Operating Income $45,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,905

Year Built

Built in 1979

Lot Details

0

Parking

8

Listing Details

  • CapRate: 4.56
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • View: Yes
  • Water Sewer Expenses: 5400.00
  • Zoning: R2
  • Architectural Style: Craftsman, Traditional
  • Property Type: Residential Income
  • Parcel Number: 0110042190000
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Open Floorplan
  • Stories: 2
  • Common Walls: 2+ Common Walls, End Unit, No One Above, No One Below
  • Flooring: Carpet, Laminate
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 251.91
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Foundation: Concrete Perimeter
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Partial, Wrought Iron
  • Pool Private: No
  • Roof: Common Roof
  • Construction Materials: Asphalt

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Asphalt, Garage, Garage Faces Rear, Garage Door Opener, Parking Space, Shared Driveway
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Oven, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 10000-19999 Sqft, Rectangular Lot, Park Nearby, Paved, Sprinkler System, Up Slope from Street
  • Lot Size: 80X134
  • Lot Size Sq Ft: 10720.00

Rental Info

  • Tenant Pays: Cable TV, Gas

Multi Family

  • Average1 Bed Area: 100 Square Feet
  • Average2 Bed Area: 100 Square Feet
  • Average3 Bed Area: 100 Square Feet
  • Average Studio Area: 1012 Square Feet
  • Electric Expense: 300.00
  • Gross Income: 60300.00
  • Gross Operating Income: 60300.00
  • Gross Scheduled Income: 60300.00
  • Insurance Expense: 2100.00
  • Net Operating Income: 45100.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 15200.00
  • Other Expense: 1200.00
  • Other Expense Description: Gardner
  • Rent Control: No
  • Total Actual Rent: 5025.00
  • Total Expenses: 19876.00

Tax Info

  • New Taxes Expense: 10876.00
  • Tax Area: 4083
  • Tax Census Tract: 15.04
  • Tax Lot: 18
  • Tax Rate: 1.10
  • Tax Tract Number: 12582
  • Tax Annual Amount: 2905.00
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2018
Sold by
Wang Howard Yaoching
Bought by
Wang Howard Yaoching and The Howard Yaoching Wang Livin
Current Estimated Value
$1,553,046

Purchase Details

Listed on
Apr 26, 2018
Closed on
Jul 3, 2018
Sold by
Wang Shulin
Bought by
Wang Howard Yaoching
Seller's Agent
Kristopher Roundy
The Virtual Realty Group
Buyer's Agent
Ling Wang
Ling Ya Wang
List Price
$988,800
Sold Price
$1,020,000
Premium/Discount to List
$31,200
3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$765,000
Outstanding Balance
$661,597
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$891,449

Purchase Details

Listed on
Apr 26, 2018
Closed on
Jun 22, 2018
Sold by
Balderrama John
Bought by
Wang Howard Yaoching
Seller's Agent
Kristopher Roundy
The Virtual Realty Group
Buyer's Agent
Ling Wang
Ling Ya Wang
List Price
$988,800
Sold Price
$1,020,000
Premium/Discount to List
$31,200
3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Outstanding Balance
$661,597
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$891,449

Purchase Details

Closed on
Aug 6, 2012
Sold by
Balderrama John and Balderrama Paula
Bought by
Balderrama John

Purchase Details

Closed on
Oct 18, 2001
Sold by
Balderrama John R and Balderrama Paula D
Bought by
Balderrama John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.84%

Purchase Details

Closed on
Sep 26, 1994
Sold by
Downey S & L Assn
Bought by
Balderrama John R and Balderrama Paula D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,900
Interest Rate
5.95%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 19, 1994
Sold by
Dsl Service Company
Bought by
Downey S & L Assn
Source: Public Records

Range of Values:

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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
Wang Howard Yaoching -- None Available
Wang Howard Yaoching -- Western Resources Title Comp
Wang Howard Yaoching $1,020,000 Western Resources Title Comp
Balderrama John -- None Available
Balderrama John R -- Southland Title Corporation
Balderrama John R -- Southland Title Corporation
Balderrama John R $181,000 World Title Company
Downey S & L Assn $239,805 World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Howard Yaoching $765,000
Previous Owner Balderrama John R $180,000
Previous Owner Balderrama John R $170,000
Previous Owner Balderrama John R $162,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2018 07/20/18 Sold $1,020,000 +3.2% $252 / Sq Ft
06/18/2018 06/18/18 Pending -- -- --
04/26/2018 04/26/18 For Sale $988,800 -- $244 / 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 $12,211 $1,137,828 $401,586 $736,242
2024 $12,211 $1,115,518 $393,712 $721,806
2023 $11,868 $1,093,645 $385,992 $707,653
2022 $11,711 $1,072,201 $378,424 $693,777
2021 $11,639 $1,051,178 $371,004 $680,174
2020 $11,434 $1,040,400 $367,200 $673,200
2019 $11,336 $1,020,000 $360,000 $660,000
2018 $3,013 $267,196 $81,194 $186,002
2017 $2,905 $261,957 $79,602 $182,355
2016 $2,791 $256,820 $78,041 $178,779
2015 $2,772 $252,963 $76,869 $176,094
2014 $2,685 $248,008 $75,363 $172,645
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18103535

California Regional Multiple Listing Service (CRMLS)

APN: 0110-042-19