NOT LISTED FOR SALE

Estimated Value: $1,028,000 - $1,114,000

7 Beds
5 Baths
3,017 Sq Ft
$354/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $975,000 $323 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,489/month

28 Days on Market

Highlights

  • Golf Course Community
  • Corner Lot
  • Ductless Heating Or Cooling System
  • Property is near public transit
  • No HOA
  • Park

About This Home

As of February 2024

Located in the historic area of Ontario, these three single-family homes are situated on the same parcel, offering an excellent investment opportunity. The first home is situated on the corner of F St. and Lemon Ave. and has two bedrooms, one bathroom, a living room, and a family/dining room. It measures just under 1100 sq. ft. and has a well-equipped kitchen with ample counter space and cabinetry. Additional features include indoor laundry, a walk-through pantry, and a private driveway.
The second home is located at 524 Lemon Ave. and measures a generous 1320 sq. ft, complete with a single-car garage. This gem has four bedrooms and two bathrooms, a well-proportioned living and dining area that comfortably accommodates friends and family. The sunny kitchen has hardwood cabinetry and leads to the indoor laundry room and pantry area. Other features include a side and small backyard and a comfortable front patio.
The third home is located at 526 Leman Ave. and is in impeccable condition. It features a living area, a spacious country kitchen, a separate room that can be used as a home office, one main bedroom, and one bathroom. Other highlights include a private patio, a shaded front porch, and a driveway.

Last Agent to Sell the Property

John Hess

SHEAR REALTY License #01227808 Listed on: 01/09/2024

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,670

Year Built

  • Built in 1905

Lot Details

  • 8,496 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Level Lot
  • Front Yard

Parking

  • 1 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,017 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Location

  • Property is near public transit

Utilities

  • Ductless Heating Or Cooling System
  • Central Heating and Cooling System
  • Combination Of Heating Systems

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Legal Lot and Block 5 / 14
  • Tax Tract Number 14
  • Assessor Parcel Number 1048365010000
  • $203 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Golf Course Community
  • Park
  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,670

Year Built

Built in 1905

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 325000
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 1048365010000
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One, Two
  • Price Per Square Foot: 323.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Combination, Ductless
  • Laundry Features: In Kitchen, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Golf, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Landscaped, Level with Street, Near Public Transit
  • Lot Size Sq Ft: 8496.00
  • Lot Size Acres: 0.1950

Rental Info

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

Multi Family

  • Gross Scheduled Income: 56676.00
  • Insurance Expense: 2552.00
  • Lot Size Area: 8496.0000 Square Feet
  • Net Operating Income: 45676.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 11000.00
  • Rent Control: Yes
  • Total Actual Rent: 4723.00
  • Total Expenses: 11000.00

Tax Info

  • Tax Block: 14
  • Tax Census Tract: 14.00
  • Tax Lot: 5
  • Tax Tract Number: 14
  • TaxOtherAnnualAssessmentAmount: 203.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2024
Closed on
Feb 12, 2024
Sold by
Fredrick L And Jean Valdez Family Trust
Bought by
Lopez-Yanez Mario Ivan and Lopez Lidia Carina
Seller's Agent
John Hess
SHEAR REALTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$975,000
Sold Price
$975,000
Views
33
Current Estimated Value
$1,067,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,689
Avg. Annual Appreciation
5.62%
Original Mortgage
$780,000
Outstanding Balance
$766,190
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$301,499

Purchase Details

Closed on
Jul 30, 2002
Sold by
Chin Duncan and Chin Anna
Bought by
Valdez Frederick L and Valdez Jean T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.37%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 3, 1996
Sold by
Chin Duncan and Chin Anna
Bought by
Chin Duncan and Chin Anna
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
Lopez-Yanez Mario Ivan $975,000 Ticor Title
Valdez Frederick L $115,000 Lawyers Title Company
Chin Duncan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez-Yanez Mario Ivan $780,000
Previous Owner Valdez Frederick L $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2024 02/29/24 Sold $975,000 0.0% $323 / Sq Ft
02/07/2024 02/07/24 For Sale $975,000 0.0% $323 / Sq Ft
02/06/2024 02/06/24 Pending -- -- --
01/14/2024 01/14/24 Pending -- -- --
01/09/2024 01/09/24 For Sale $975,000 -- $323 / 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 $10,670 $994,500 $198,900 $795,600
2024 $10,670 $975,000 $195,000 $780,000
2023 $2,323 $211,954 $69,607 $142,347
2022 $2,292 $207,798 $68,242 $139,556
2021 $2,278 $203,724 $66,904 $136,820
2020 $2,238 $201,635 $66,218 $135,417
2019 $2,219 $197,682 $64,920 $132,762
2018 $2,188 $193,806 $63,647 $130,159
2017 $2,110 $190,006 $62,399 $127,607
2016 $2,027 $186,280 $61,175 $125,105
2015 $2,013 $183,482 $60,256 $123,226
2014 $1,951 $179,888 $59,076 $120,812
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24005132

California Regional Multiple Listing Service (CRMLS)

APN: 1048-365-01