NOT LISTED FOR SALE

Estimated Value: $758,000 - $960,000

4 Beds
4 Baths
1,714 Sq Ft
$492/Sq Ft Est. Value

Last Sold December 23, 2019

Last sale price $535,000 $312 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,121/month

65 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Neighborhood Views
  • Living Room
  • Central Heating

About This Home

As of December 2019

UNIQUE OPPORTUNITY to own this income-producing property. The property consists of 4 individual detached units. Each unit is approximately 429 square feet and contains a living room, dining area, kitchen, one-bedroom, and a bath. Recent upgrades include newer electrical panels. Each unit has an individual electric meter. Newer heating and cooling units.

Great location near downtown Ontario, shopping, schools, and freeway access.

Last Agent to Sell the Property

Donald Mowery

EXP REALTY OF CALIFORNIA INC License #01193547 Listed on: 08/20/2019

EXP REALTY OF CALIFORNIA INC

Last Buyer's Agent

Sarah Gillen

No Firm Affiliation License #01383297

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,298

Year Built

  • Built in 1933

Lot Details

  • 7,200 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Chain Link Fence
  • Level Lot
  • Front Yard

Home Design

  • Quadruplex
  • Raised Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,714 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Neighborhood Views
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Driveway

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 19 / 85
  • Assessor Parcel Number 1049276120000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • New Taxes Expense $6,890
  • Operating Expense $7,890
  • Gross Income $40,449
  • Net Operating Income $32,559

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,298

Year Built

Built in 1933

Lot Details

0

Listing Details

  • CapRate: 6.14
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: Yes
  • Zoning: R-2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 1049276120000
  • Year Built: 1933
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: One
  • Price Per Square Foot: 312.14
  • Room Type: Laundry, Living Room

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property, Standard
  • Heating Type: Central
  • 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: Curbs, Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Lot 6500-9999
  • Lot Size Sq Ft: 7200.00
  • Lot Size Acres: 0.1653

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 429 Square Feet
  • Gross Operating Income: 40449.00
  • Gross Scheduled Income: 41700.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7200.0000 Square Feet
  • Net Operating Income: 32559.00
  • 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: 4
  • Operating Expense: 7890.00
  • Rent Control: No
  • Total Actual Rent: 3475.00
  • Total Expenses: 7890.00
  • Vacancy Allowance: 1251
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 6890.00
  • Tax Block: 85
  • Tax Census Tract: 16.00
  • Tax Lot: 19
  • Tax Tract Number: S

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2023
Sold by
Gillen Sarah A
Bought by
Sarah A Gillen Revocable Trust
Current Estimated Value
$843,625

Purchase Details

Listed on
Aug 20, 2019
Closed on
Nov 13, 2019
Sold by
Oliva Vincent R and Oliva Angelica
Bought by
Oliva Vincent R and Oliva Angelica
Seller's Agent
Donald Mowery
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
Sarah Gillen
No Firm Affiliation
List Price
$530,000
Sold Price
$535,000
Premium/Discount to List
$5,000
0.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.35%
Original Mortgage
$525,309
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 20, 2019
Closed on
Oct 29, 2019
Sold by
Oliva Vincent R and Oliva Angelica
Bought by
Gillen Sarah A
Seller's Agent
Donald Mowery
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
Sarah Gillen
No Firm Affiliation
List Price
$530,000
Sold Price
$535,000
Premium/Discount to List
$5,000
0.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,309
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
May 9, 2006
Sold by
Oliva Vincent R
Bought by
Oliva Vincent R and Oliva Angelica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.29%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 28, 2006
Sold by
Oliva Vincent R and Hernandez Angelica
Bought by
Oliva Vincent R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.29%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 17, 2003
Sold by
Oliva Vincent R
Bought by
Oliva Vincent R and Hernandez Angelica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 1998
Sold by
Savage Investment Group Llc
Bought by
Oliva Vincent R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,542
Interest Rate
6.69%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 30, 1996
Sold by
Great Western Bank Fsb
Bought by
Savage Steve and Savage Donna

Purchase Details

Closed on
Apr 19, 1996
Sold by
Residential Funding Corp
Bought by
Great Western Bank Fsb

Purchase Details

Closed on
Feb 12, 1996
Sold by
Great Western Bank Fsb
Bought by
Residential Funding Corp

Purchase Details

Closed on
Sep 19, 1995
Sold by
Velasco Guadalupe
Bought by
Great Western Bank Fsb
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sarah A Gillen Revocable Trust -- --
Oliva Vincent R -- Ticor Title
Gillen Sarah A $535,000 Ticor Title
Oliva Vincent R -- New Century Title Company
Oliva Vincent R -- New Century Title Company
Oliva Vincent R -- Lawyers Title Company
Oliva Vincent R $141,500 First American Title Ins Co
Savage Investment Group -- First American Title Ins Co
Savage Steve $62,000 First American Title Ins Co
Great Western Bank Fsb -- Fidelity National Title
Residential Funding Corp -- Fidelity National Title Ins
Great Western Bank Fsb $98,273 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gillen Sarah A $522,590
Previous Owner Gillen Sarah A $525,309
Previous Owner Oliva Vincent R $252,000
Previous Owner Oliva Vincent R $195,000
Previous Owner Oliva Vincent R $140,542
Previous Owner Savage Steve $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2019 12/23/19 Sold $535,000 +0.9% $312 / Sq Ft
10/24/2019 10/24/19 Pending -- -- --
08/20/2019 08/20/19 For Sale $530,000 -- $309 / 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 $6,298 $585,100 $204,511 $380,589
2024 $6,298 $573,627 $200,501 $373,126
2023 $6,121 $562,380 $196,570 $365,810
2022 $6,040 $551,353 $192,716 $358,637
2021 $6,002 $540,542 $188,937 $351,605
2020 $5,897 $535,000 $187,000 $348,000
2019 $2,235 $198,509 $49,187 $149,322
2018 $2,653 $194,617 $48,223 $146,394
2017 $2,269 $190,801 $47,277 $143,524
2016 $2,474 $187,060 $46,350 $140,710
2015 $2,460 $184,250 $45,654 $138,596
2014 $1,965 $180,641 $44,760 $135,881
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19199676

California Regional Multiple Listing Service (CRMLS)

APN: 1049-276-12