NOT LISTED FOR SALE

3121 E G St Ontario, CA 91764

Estimated Value: $1,508,000 - $1,663,000

10 Beds
8 Baths
3,890 Sq Ft
$400/Sq Ft Est. Value

Last Sold April 24, 2023

Last sale price $1,378,000 $354 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $9,707/month

3 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Garden

About This Home

As of April 2023

Also known as 3121 Inland Empire Blvd (better address for Google Map reference). Nice 4 Units Rental apartments at the corner of Inland Empire Blvd and Turner Ave. Great location: Walking distance to Cucamonga-Guasti Regional Park; 2 miles to Ontario Mills Shopping Mall; Quick access to 10 Fwy from Haven Avenue. (2) units with 3-Bed /2-bath; (2) units with 2-Bed / 2-bath. Good floor plans. All units are occupied by stable tenants.

Last Agent to Sell the Property

Jane Weng

Channel Investment Group License #01075356 Listed on: 03/30/2023

Last Buyer's Agent

Jane Weng

Channel Investment Group License #01075356 Listed on: 03/30/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,655

Year Built

  • Built in 1987

Lot Details

  • 0.29 Acre Lot
  • Two or More Common Walls
  • Corner Lot
  • Garden

Parking

  • 2 Open Parking Spaces
  • 8 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 3,890 Sq Ft Home
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 20
  • Tax Tract Number 13217
  • Assessor Parcel Number 0210411390000
  • $497 per year additional tax assessments

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $274
  • Insurance Expense $1,630
  • Maintenance Expense $2,750
  • Other Expense $462
  • Water Sewer Expense $5,360
  • New Taxes Expense $14,778
  • Operating Expense $26,314
  • Gross Income $68,166
  • Net Operating Income $68,166

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,655

Year Built

Built in 1987

Lot Details

0

Parking

8

Listing Details

  • CapRate: 4.88
  • Price Per Unit: 349500
  • Property Attached: Yes
  • Water Sewer Expenses: 5360.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0210411390000
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Family Room
  • Price Per Square Foot: 354.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Garden
  • Lot Size Sq Ft: 12780.00
  • Lot Size Acres: 0.2934
  • Latitude Manual: 34.07062000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 273.90
  • Gross Income: 68166.00
  • Gross Scheduled Income: 94380.00
  • Insurance Expense: 1630.00
  • Lot Size Area: 12780.0000 Square Feet
  • Maintenance Expense: 2750.00
  • Net Operating Income: 68166.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 26214.00
  • Other Expense: 462.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Actual Rent: 7865.00
  • Total Expenses: 26314.00

Tax Info

  • New Taxes Expense: 14778.00
  • Tax Census Tract: 13.12
  • Tax Lot: 20
  • Tax Tract Number: 13217
  • TaxOtherAnnualAssessmentAmount: 497.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2023
Sold by
L & M Portfolio 3 Llc
Bought by
M & N Housing Llc
Current Estimated Value
$1,557,383

Purchase Details

Listed on
Mar 30, 2023
Closed on
Apr 11, 2023
Sold by
Le High Llc
Bought by
L & M Portfolio 3 Llc
Seller's Agent
Jane Weng
Channel Investment Group
Buyer's Agent
Jane Weng
Channel Investment Group
List Price
$1,398,000
Sold Price
$1,378,000
Premium/Discount to List
-$20,000
-1.43%
Views
74

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.61%

Purchase Details

Listed on
Nov 14, 2016
Closed on
Jan 17, 2017
Sold by
Revo Blackmon Grace
Bought by
Le High Llc
Seller's Agent
Hun Min Hwang
168 Realty Inc.
Buyer's Agent
Hun Min Hwang
168 Realty Inc.
List Price
$895,000
Sold Price
$835,000
Premium/Discount to List
-$60,000
-6.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.54%
Original Mortgage
$500,000
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2014
Sold by
Blackmon Grace H
Bought by
Revo Blackmon Grace and Revo Grace Park Whang Blackmon

Purchase Details

Closed on
Jul 20, 2010
Sold by
Blackmon John A and Blackmon Grace H
Bought by
Blackmon Grace H

Purchase Details

Closed on
Sep 5, 2003
Sold by
Blackmon John A
Bought by
Blackmon John A and Blackmon Grace H

Purchase Details

Closed on
Jul 10, 1998
Sold by
Banga Walter L
Bought by
Blackmon John A and Blackmon Grace H

Purchase Details

Closed on
Jul 25, 1995
Sold by
Banga Walter L and Banga Jeannette
Bought by
Banga Walter L and Banga Jeannette

Purchase Details

Closed on
Oct 20, 1994
Sold by
Banga Walter L
Bought by
Banga Walter L and Banga Family Marital Trust
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
M & N Housing Llc $1,390,000 Chicago Title
L & M Portfolio 3 Llc $1,378,000 Chicago Title
Le High Llc $835,000 Chicago Title Insurance Co
Revo Blackmon Grace -- None Available
Blackmon Grace H -- None Available
Blackmon John A -- --
Blackmon John A $230,000 Fidelity National Title Co
Banga Walter L -- --
Banga Walter L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Le High Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2023 04/24/23 Sold $1,378,000 -1.4% $354 / Sq Ft
03/30/2023 03/30/23 For Sale $1,398,000 0.0% $359 / Sq Ft
01/23/2018 01/23/18 Rented $1,560 0.0% --
01/14/2018 01/14/18 For Rent $1,560 0.0% --
03/16/2017 03/16/17 Sold $835,000 -6.7% $215 / Sq Ft
02/23/2017 02/23/17 Pending -- -- --
11/14/2016 11/14/16 For Sale $895,000 -- $230 / 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 $14,655 $1,417,800 $499,800 $918,000
2024 $14,655 $1,390,000 $490,000 $900,000
2023 $9,809 $931,458 $334,655 $596,803
2022 $9,629 $913,194 $328,093 $585,101
2021 $9,544 $895,288 $321,660 $573,628
2020 $9,371 $886,108 $318,362 $567,746
2019 $9,336 $868,734 $312,120 $556,614
2018 $9,100 $851,700 $306,000 $545,700
2017 $3,311 $310,688 $81,049 $229,639
2016 $3,267 $304,596 $79,460 $225,136
2015 $3,244 $300,020 $78,266 $221,754
2014 $3,146 $294,143 $76,733 $217,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23052844

California Regional Multiple Listing Service (CRMLS)

APN: 0210-411-39