NOT LISTED FOR SALE

1849 E Rosewood Ct Ontario, CA 91764

Estimated Value: $1,205,000 - $1,384,000

8 Beds
8 Baths
4,800 Sq Ft
$273/Sq Ft Est. Value

Last Sold June 20, 2016

Last sale price $718,000 $150 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $7,984/month

301 Days on Market

About This Home

As of June 2016

Back on Market! Motivated seller as we want to close this deal F A S T......Fully leased 4 units investment property in Ontario with approximately 6% Cap. Each unit is separated with wrought iron gate and detached share garage. Each unit is improved with 2 bedrooms, 2.5 baths, with an average of 1,100 sq.ft. living space. In addition, most of its unit has been upgraded throughout recently. Please do not disturb tenants and it is for drive by only. Property is being sold in "PRESENT AS-IS" condition. Submit all offers. it is subject to inspection.


Please noted that the immediate area to have varieties of shops and supermarket as their new home. Seller reserves all services.

Last Agent to Sell the Property

Chung Feng

IRN Realty License #01851904 Listed on: 04/13/2016

Co-Listed By

Vivian Ouyang

IRN Realty License #01949004

Last Buyer's Agent

lilian lee

Marriott Management Company License #00918990

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,131

Year Built

  • Built in 1964

Lot Details

  • 8,050 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,800 Sq Ft Home
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 9
  • Assessor Parcel Number 0110334060000

Community Details

Overview

  • 10 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • New Taxes Expense $9,688
  • Operating Expense $10,888
  • Gross Income $4,800
  • Net Operating Income $46,712

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,131

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 0110334060000
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 149.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Electric: Electricity - On Property
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8050.00
  • Price Per Lot Square Foot: 89.19
  • Lot Size Acres: 0.1850

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 4800.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8050.0000 Square Feet
  • Net Operating Income: 46712.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 10
  • Operating Expense: 10888.00
  • Rent Control: No
  • Total Actual Rent: 4800.00
  • Total Expenses: 10888.00

Tax Info

  • New Taxes Expense: 9688.00
  • Tax Lot: 9
  • Tax Tract Number: 00000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2016
Closed on
Jun 7, 2016
Sold by
Xu Yang
Bought by
Chen Jason Y
Seller's Agent
Chung Feng
IRN Realty
Buyer's Agent
lilian lee
Marriott Management Company
List Price
$775,000
Sold Price
$718,000
Premium/Discount to List
-$57,000
-7.35%
Current Estimated Value
$1,325,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$607,594
Avg. Annual Appreciation
6.90%
Original Mortgage
$538,500
Outstanding Balance
$431,454
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$891,146

Purchase Details

Listed on
Apr 13, 2016
Closed on
Jun 2, 2016
Sold by
Xu Sherry Yan
Bought by
Chen Jason Y and Chen William
Seller's Agent
Chung Feng
IRN Realty
Buyer's Agent
lilian lee
Marriott Management Company
List Price
$775,000
Sold Price
$718,000
Premium/Discount to List
-$57,000
-7.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$538,500
Outstanding Balance
$431,454
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$891,146

Purchase Details

Closed on
Apr 11, 2013
Sold by
Xu Sherry Yan
Bought by
Xu Sherry Yan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
3.54%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 29, 2012
Sold by
Servin Victor and Servin Mercedes
Bought by
Xu Sherry Yan

Purchase Details

Closed on
May 30, 2006
Sold by
Gutierrez Jose Luis and Gutierrez Patricia O
Bought by
Servin Victor and Servin Mercedes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$566,250
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2001
Sold by
Gutierrez Jose Luis
Bought by
Gutierrez Jose Luis and Gutierrez Patricia O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.21%

Purchase Details

Closed on
Jun 25, 1999
Sold by
Vasquez Manuel
Bought by
Gutierrez Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,069
Interest Rate
7.01%
Mortgage Type
FHA

Purchase Details

Closed on
May 27, 1999
Sold by
Federal Loan Mtg Corp
Bought by
Vasquez Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,069
Interest Rate
7.01%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 24, 1998
Sold by
Al Hussaini Feras E
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Feb 5, 1997
Sold by
Omaima Darkazlli Omaima and Omaima Aldarkazilli
Bought by
Al Hussaini Feras E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.62%

Purchase Details

Closed on
Mar 19, 1996
Sold by
Berkeley Federal Bank & Trust Fsb
Bought by
Aldarkazlli Omaima

Purchase Details

Closed on
Mar 2, 1995
Sold by
Ornelas Servando and Ornelas Samuel
Bought by
Berkeley Federal Bank & Trust Fsb

Purchase Details

Closed on
Dec 5, 1994
Sold by
Pacific Rim Development Co Inc
Bought by
Densmore Investments & Ribbon Investment

Purchase Details

Closed on
May 18, 1994
Sold by
Pacific Rim Development Co Inc
Bought by
Pacific Rim Development Company Inc and Pacific Rim Development Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
7.15%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 29, 1994
Sold by
Ornelas Servando
Bought by
Pacific Rim Development Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
7.15%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Chen Jason Y -- Fidelity National Title Co
Chen Jason Y $718,000 Fidelity National Title Co
Xu Sherry Yan -- Accommodation
Xu Sherry Yan $385,000 None Available
Servin Victor $755,000 Ticor Title Company
Gutierrez Jose Luis -- United Title Company
Gutierrez Jose Luis -- --
Vasquez Manuel $170,500 Old Republic Title Company
Federal Home Loan Mortgage Corporation $157,327 Fidelity National Title Ins
Al Hussaini Feras E $185,000 Benefit Land Title
Aldarkazlli Omaima $83,500 Continental Lawyers Title Co
Berkeley Federal Bank & Trust Fsb $125,765 Continental Lawyers Title Co
Densmore Investments & Ribbon Investment -- --
Pacific Rim Development Company Inc -- --
Pacific Rim Development Co Inc $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Jason Y $538,500
Previous Owner Xu Sherry Yan $231,000
Previous Owner Servin Victor $566,250
Previous Owner Gutierrez Jose Luis $170,000
Previous Owner Vasquez Manuel $169,069
Previous Owner Al Hussaini Feras E $148,000
Previous Owner Pacific Rim Development Co Inc $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2016 06/20/16 Sold $718,000 -7.4% $150 / Sq Ft
04/25/2016 04/25/16 Pending -- -- --
06/29/2015 06/29/15 For Sale $775,000 -- $161 / 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 $9,131 $849,966 $295,949 $554,017
2024 $9,131 $833,300 $290,146 $543,154
2023 $8,875 $816,961 $284,457 $532,504
2022 $8,757 $800,942 $278,879 $522,063
2021 $8,703 $785,237 $273,411 $511,826
2020 $8,550 $777,186 $270,608 $506,578
2019 $8,477 $761,947 $265,302 $496,645
2018 $8,360 $747,007 $260,100 $486,907
2017 $8,060 $732,360 $255,000 $477,360
2016 $6,162 $570,842 $142,711 $428,131
2015 $6,120 $562,267 $140,567 $421,700
2014 $5,930 $551,252 $137,813 $413,439
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR15141529

California Regional Multiple Listing Service (CRMLS)

APN: 0110-334-06