NOT LISTED FOR SALE

1432 E Elma Ct Unit A-D Ontario, CA 91764

Ontario Area
10 Beds
6 Baths
4,009 Sq Ft
10,720 Sq Ft Lot

Sale Details

Date Sold: June 27, 2017

Last sale price $845,000 $211 Per Sq Ft

4 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Cul-De-Sac

About This Home

As of June 2017

This Ontario fourplex is an incredible investment opportunity! Two units have 3 bedrooms and 2 baths and two units have 2 bedrooms, 1 bath. Features include central air, spacious floor plans, and laundry hook-ups in each unit. No rent control. Each unit has its own electric and gas meter as well as its own two-car garage. The property is well maintained. Close to schools, parks, shopping, and Ontario Airport. These units are rarely vacant due to the high demand rental area.

Last Agent to Sell the Property

Frank Quintanilla

Re/Max Champions/WC License #01893477 Listed on: 04/24/2017

Last Buyer's Agent

Tracy Tsoi

eXp Realty of Greater L.A. Inc License #01848587

eXp Realty of Greater L.A. Inc
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 10,720 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Sprinkler System
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,009 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Assessor Parcel Number 0110042130000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Built by Covington

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $348
  • Gardener Expense $600
  • Insurance Expense $1,425
  • Maintenance Expense $1,600
  • Trash Expense $1,865
  • Water Sewer Expense $3,235
  • New Taxes Expense $9,000
  • Operating Expense $18,143
  • Gross Income $60,924
  • Net Operating Income $42,781

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

10,720 Sq Ft Lot

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 5.10
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 3235.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 0110042130000
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 210.78

Exterior Features

  • View: Neighborhood
  • Builder Name: Covington
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 1865.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Cul-De-Sac, Sprinkler System
  • Lot Size Sq Ft: 10720.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 348.00
  • Gross Multiplier: 13.42
  • Gross Operating Income: 60924.00
  • Gross Scheduled Income: 62220.00
  • Insurance Expense: 1425.00
  • Maintenance Expense: 1600.00
  • Net Operating Income: 42781.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Operating Expense: 18143.00
  • Operating Expense Percent: 29.00
  • Other Expense Description: PROFORMA
  • Rent Control: No
  • Total Actual Rent: 5185.00
  • Total Expenses: 18143.00
  • Vacancy Allowance Rate: 2.10

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Census Tract: 15.04

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
Jun 7, 2017
Sold by
Bought by
Seller's Agent
Frank Quintanilla
Re/Max Champions/WC
Buyer's Agent
Tracy Tsoi
eXp Realty of Greater L.A. Inc
List Price
$835,000
Sold Price
$845,000
Premium/Discount to List
$10,000
1.2%

Purchase Details

Closed on
Jan 5, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
3.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 15, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,500
Interest Rate
6.05%

Purchase Details

Closed on
Mar 17, 2000
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$845,000 First American Title Company
$770,000 First American Title Company
$386,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $370,000
Previous Owner $289,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/27/2017 06/27/17 Sold $845,000 +1.2% $211 / Sq Ft
04/28/2017 04/28/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $835,000 -- $208 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,775 $1,000,308 $355,139 $645,169
2025 $10,775 $980,694 $348,175 $632,519
2024 $10,530 $961,465 $341,348 $620,117
2023 $10,234 $942,613 $334,655 $607,958
2022 $10,099 $924,130 $328,093 $596,037
2021 $10,036 $906,010 $321,660 $584,350
2020 $9,860 $896,720 $318,362 $578,358
2019 $9,776 $879,138 $312,120 $567,018
2018 $9,641 $861,900 $306,000 $555,900
2017 $8,641 $785,400 $275,400 $510,000
2016 $5,103 $472,260 $165,290 $306,970
2015 $5,069 $465,166 $162,807 $302,359
2014 $4,911 $456,054 $159,618 $296,436
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17088235

California Regional Multiple Listing Service (CRMLS)
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