$740,000
SOLD JUN 14, 2024

1571 E Olive St Ontario, CA 91764

5 Beds
3 Baths
1,994 Sq Ft
7,314 Sq Ft Lot

Recently Sold

$371 Per Sq Ft

35 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • 2 Attached Carport Spaces
  • 1-Story Property

About This Home

As of June 2024

DUPLEX CONSISTING OF ONE 3 BED 2 BATH AND ONE 2 BED 1 BATH UNITS ON A LARGE LOT APPROX. 7300 SQ FEET, EACH UNIT WITH GATED PRIVATE BACK YARD AREA. LOCATED NEAR SCHOOLS, COLLEGES, 10 FREEWAY, ONTARIO AIRPORT AND RECREATION AREA. THIS PROPERTY IS PERFECT FOR A GREAT INVESTMENT PROPERTY OR COMFORTABLE LIVING ARRANGEMENT WITH THE ADDED BENEFIT OF RENTAL INCOME POTENTIAL.

Last Agent to Sell the Property

VICTOR GUTIERREZ

NEWCASTLE INVESTMENTS, INC Brokerage Phone: 626-523-3606 License #01327441 Listed on: 04/01/2024

Last Buyer's Agent

Amber Walker

Compass License #02030898

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,538

Year Built

  • Built in 1954

Lot Details

  • 7,314 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,994 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 1 Open Parking Space
  • 3 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available
  • Driveway

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 4214
  • Assessor Parcel Number 0108471070000
  • $207 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,538

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 370000
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 0108471070000
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 371.11
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Covered, Driveway
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7314.00
  • Lot Size Acres: 0.1679
  • Latitude Manual: 34.09042700

Multi Family

  • Lot Size Area: 7314.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 13.07
  • Tax Lot: 7
  • Tax Tract Number: 4214
  • TaxOtherAnnualAssessmentAmount: 207.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
May 12, 2024
Sold by
Ticas Crisanto and Ticas Veronica M
Bought by
Bennett Kevin Lee
Seller's Agent
VICTOR GUTIERREZ
NEWCASTLE INVESTMENTS, INC
Buyer's Agent
Amber Walker
Compass
List Price
$739,999
Sold Price
$740,000
Premium/Discount to List
$1
0.0%
Views
107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.22%
Original Mortgage
$726,596
Interest Rate
7.22%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 15, 2009
Sold by
Ticas Crisanto
Bought by
Ticas Crisanto and Ticas Veronica M

Purchase Details

Closed on
Nov 17, 2004
Sold by
Ticas Veronica M
Bought by
Ticas Crisanto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 1999
Sold by
Alvarez & Associates
Bought by
Ticas Crisanto and Ticas Veronica M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,142
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 6, 1999
Sold by
Hud
Bought by
City Of Ontario Redevelopment Agency

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
7.7%

Purchase Details

Closed on
Jun 26, 1999
Sold by
City Of Ontario Redevelopment Agency
Bought by
Alvarez & Associates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
7.7%

Purchase Details

Closed on
Sep 28, 1998
Sold by
Unified Mtg Company
Bought by
Hud

Purchase Details

Closed on
May 20, 1997
Sold by
Gordon David P
Bought by
Chase Mtg Services Inc and Chase Manhattan Mtg Corp
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $740,000 Wfg National Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Southland Title Of Burbank
Grant Deed $117,000 Gateway Title
Grant Deed -- Gateway Title Company
Grant Deed $93,000 Gateway Title Company
Grant Deed -- Fidelity National Title Ins
Trustee Deed $79,874 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $731,681 FHA
Closed $726,596 FHA
Previous Owner $50,000 Credit Line Revolving
Previous Owner $25,000 Credit Line Revolving
Previous Owner $220,000 New Conventional
Previous Owner $107,142 FHA
Previous Owner $93,000 No Value Available
Closed $11,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Price Changed $815,000 -4.0% $409 / Sq Ft
06/26/2025 06/26/25 For Sale $849,000 +14.7% $426 / Sq Ft
06/14/2024 06/14/24 Sold $740,000 0.0% $371 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $739,999 -- $371 / 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 $2,538 $754,800 $264,180 $490,620
2024 $2,538 $237,470 $61,780 $175,690
2023 $2,465 $232,814 $60,569 $172,245
2022 $2,431 $228,249 $59,381 $168,868
2021 $2,415 $223,774 $58,217 $165,557
2020 $2,372 $221,479 $57,620 $163,859
2019 $2,350 $217,136 $56,490 $160,646
2018 $2,316 $212,878 $55,382 $157,496
2017 $2,231 $208,704 $54,296 $154,408
2016 $2,142 $204,611 $53,231 $151,380
2015 $2,127 $201,537 $52,431 $149,106
2014 $2,059 $197,589 $51,404 $146,185
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24058874

California Regional Multiple Listing Service (CRMLS)

APN: 0108-471-07