NOT LISTED FOR SALE

Estimated Value: $720,357 - $789,000

3 Beds
3 Baths
1,920 Sq Ft
$394/Sq Ft Est. Value

Last Sold January 23, 2024

Last sale price $675,000 $352 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,761/month

Highlights

  • Gated Parking
  • Galley Kitchen
  • Living Room
  • No HOA
  • Ductless Heating Or Cooling System
  • 3-minute walk to Sam Alba Memorial Park

About This Home

As of January 2024

This is an excellent investment opportunity for investors or those who want to become a homeowner, live in one unit, and have revenue from the others. This property has three separate units and is located in the city of Ontario. Unit 219 E Park. has just over 900 sq. ft. of living space and includes two bedrooms and 1.5 baths. A good-sized living area. A kitchen with plenty of cabinetry and countertop space, a breakfast bar, and a nook. Other features are a shaded back patio, indoor laundry, parking, and a fence in the front yard.
Units 221 and 223 E Park are just over 500 Sq. Sq. feet and has one bedroom, one bath, a kitchen, an eating area, and a comfortable living area. Included with both units is private parking. All units have long-term tenants and are on a month-to-month schedule. The property offers a high potential revenue stream growth: See Pro Forma for growth potential. The property is close to all amenities, schools, parks, shopping, and public transportation.

Last Agent to Sell the Property

John Hess

SHEAR REALTY License #01227808 Listed on: 12/01/2023

Last Buyer's Agent

JESSE GOGO

DYNASTY REAL ESTATE License #01988020

DYNASTY REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,396

Year Built

  • Built in 1950

Lot Details

  • 7,200 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Landscaped
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Home Design

  • Triplex

Interior Spaces

  • 1,920 Sq Ft Home
  • 1-Story Property
  • Entryway
  • Living Room
  • Galley Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Parking Available
  • Driveway Level
  • Gated Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, water
  • Legal Lot and Block 21 / 77
  • Tax Tract Number 243
  • Assessor Parcel Number 1049243090000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Recreation

  • Park
  • Bike Trail

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $2,109
  • Trash Expense $1,433
  • Water Sewer Expense $359
  • Operating Expense $7,100
  • Net Operating Income $33,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,396

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 225000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 359.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 1049243090000
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Front, side and Back
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 351.56
  • Room Type: Entry, Galley Kitchen, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Driveway Level, Gated

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Ductless
  • Laundry Features: Inside, Stackable
  • Sewer: Sewer Paid
  • Trash Expense: 1433.00
  • Water Source: Public
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Gutters, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Landscaped
  • Lot Size Sq Ft: 7200.00
  • Lot Size Acres: 0.1653

Rental Info

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

Multi Family

  • Gross Scheduled Income: 40500.00
  • Insurance Expense: 2109.00
  • Lot Size Area: 7200.0000 Square Feet
  • Net Operating Income: 33400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 7100.00
  • Rent Control: Yes
  • Total Expenses: 7100.00

Tax Info

  • Tax Block: 77
  • Tax Census Tract: 16.00
  • Tax Lot: 21
  • Tax Tract Number: 243

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Dec 21, 2023
Sold by
Fredrick L And Jean Valdez Family Trust
Bought by
Hernandez Salvador and Hernandez Monica
Seller's Agent
John Hess
SHEAR REALTY
Buyer's Agent
JESSE GOGO
DYNASTY REAL ESTATE
List Price
$675,000
Sold Price
$675,000
Views
58
Current Estimated Value
$757,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,089
Avg. Annual Appreciation
6.59%
Original Mortgage
$641,250
Outstanding Balance
$631,361
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$113,324

Purchase Details

Closed on
Apr 10, 2001
Sold by
Valdez Jean
Bought by
Valdez Fredrick L and Valdez Jean
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
Hernandez Salvador $675,000 Ticor Title
Valdez Fredrick L -- --
Valdez Jean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Salvador $641,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2024 01/23/24 Sold $675,000 0.0% $352 / Sq Ft
12/01/2023 12/01/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $675,000 -- $352 / 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 $7,396 $688,500 $204,000 $484,500
2024 $7,396 $675,000 $200,000 $475,000
2023 $531 $46,295 $8,293 $38,002
2022 $524 $45,387 $8,130 $37,257
2021 $520 $44,497 $7,971 $36,526
2020 $511 $44,040 $7,889 $36,151
2019 $507 $43,176 $7,734 $35,442
2018 $500 $42,329 $7,582 $34,747
2017 $482 $41,499 $7,433 $34,066
2016 $464 $40,685 $7,287 $33,398
2015 $461 $40,074 $7,178 $32,896
2014 $446 $39,289 $7,037 $32,252
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23219435

California Regional Multiple Listing Service (CRMLS)

APN: 1049-243-09