NOT LISTED FOR SALE

Estimated Value: $784,000 - $886,035

6 Beds
3 Baths
2,250 Sq Ft
$371/Sq Ft Est. Value

Last Sold October 07, 2014

Last sale price $419,000 $186 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $4,821/month

9 Days on Market

Highlights

  • Laundry Room
  • Wood Fence
  • Carpet
  • Central Heating and Cooling System
  • Wood Siding
  • 5-minute walk to Conservation Park

About This Home

As of October 2014

Located near the Downtown District of Ontario, this property features 3 -2 bed/1 bath units. Each Unit enjoys the benefits of having central heating and cooling and their own private patios. There are 3 enclosed garages at the rear of the property with each unit having additional parking behind their garage. Each tenant pays for Gas and Electric with individual water heaters. Current ownership has had long term tenants. Recently Unit C had updates such has new stove/range, carpet, paint, doors and window coverings. There is a laundry room that can be used by new owner if they choose to generate additional income from the tenants. Drive by only. Do not walk on property or talk to tenants. They are unaware of sale.

Last Agent to Sell the Property

Carlos Skubacz

RE/MAX 2000 License #01474295 Listed on: 09/05/2014

RE/MAX 2000

Last Buyer's Agent

James Y. Kuang

Standard Prosperity License #01906627

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 8,496 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,250 Sq Ft Home
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 3
  • Tax Tract Number 14
  • Assessor Parcel Number 1048364040000

Community Details

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $120
  • Gardener Expense $360
  • Insurance Expense $1,102
  • Maintenance Expense $900
  • Water Sewer Expense $2,880
  • New Taxes Expense $5,715
  • Gross Income $2,590
  • Net Operating Income $20,003

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.30
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2880.00
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 1048364040000
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 186.22

Exterior Features

  • Foundation: Slab
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Storm Drains

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8496.00
  • Lot Size Acres: 0.1950

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 750
  • Electric Expense: 120.00
  • Gross Income: 2590.00
  • Gross Multiplier: 12.50
  • Gross Scheduled Income: 31080.00
  • Insurance Expense: 1102.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8496.0000 Square Feet
  • Maintenance Expense: 900.00
  • Net Operating Income: 20003.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 11077.00
  • Rent Control: No
  • Total Actual Rent: 2590.00

Tax Info

  • New Taxes Expense: 5715.00
  • Tax Lot: 3
  • Tax Tract Number: 14
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2025
Sold by
Liu Leon Hua and Liu Emily Zhu
Bought by
Liu Family Trust and Liu
Current Estimated Value
$833,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Outstanding Balance
$209,644
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$624,115

Purchase Details

Closed on
Jul 25, 2015
Sold by
Liu Hua Hui Leon and Liu Emily Zhu
Bought by
Liu Family Trust

Purchase Details

Listed on
Sep 5, 2014
Closed on
Sep 26, 2014
Sold by
Tong Antonio Chi Pang and Tong Sophia Wing Sheung
Bought by
Liu Hua Hui Leon and Liu Emily Zhu
Seller's Agent
Carlos Skubacz
RE/MAX 2000
Buyer's Agent
James Y. Kuang
Standard Prosperity
List Price
$450,000
Sold Price
$419,000
Premium/Discount to List
-$31,000
-6.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.32%
Original Mortgage
$210,000
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2004
Sold by
Tong Antonio Chi Pang and Tong Sophia Wing Sheung
Bought by
Tong Antonio Chi Pang and Tong Sophia Wing Sheung
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Liu Family Trust -- First American Title
Liu Leon Hua -- First American Title
Liu Family Trust -- None Available
Liu Hua Hui Leon $419,000 Advantage Title Inc
Tong Antonio Chi Pang -- --
Tong Antonio Chi Pang -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Leon Hua $210,000
Previous Owner Liu Hua Hui Leon $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2014 10/07/14 Sold $419,000 -6.9% $186 / Sq Ft
09/04/2014 09/04/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $450,000 -- $200 / 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 $5,418 $503,576 $96,148 $407,428
2024 $5,418 $493,702 $94,263 $399,439
2023 $5,266 $484,022 $92,415 $391,607
2022 $5,196 $474,531 $90,603 $383,928
2021 $5,164 $465,226 $88,826 $376,400
2020 $5,073 $460,455 $87,915 $372,540
2019 $5,030 $451,426 $86,191 $365,235
2018 $4,961 $442,575 $84,501 $358,074
2017 $4,783 $433,897 $82,844 $351,053
2016 $4,594 $279,736 $56,594 $223,142
2015 $3,010 $275,534 $55,744 $219,790
2014 $2,916 $270,137 $54,652 $215,485
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14183792

California Regional Multiple Listing Service (CRMLS)

APN: 1048-364-04