NOT LISTED FOR SALE

317 E Ralston St Unit A-B Ontario, CA 91761

Downtown Ontario Neighborhood

Estimated Value: $819,000 - $1,001,000

7 Beds
4 Baths
3,521 Sq Ft
$259/Sq Ft Est. Value

Last Sold January 07, 2020

Last sale price $650,000 $185 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $5,354/month

8 Days on Market

Highlights

  • Private Yard
  • Living Room
  • Tile Flooring
  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of January 2020

*Income Opportunity in the heart of Ontario*

A rare find. Three Unit Property with upgrades through the City of Ontario's Beautification Program. Central HVAC on all 3 units.
Property has 2 addresses: Front is 317 and Rear Duplex is 319 with unit A & B. Pride of Ownership. Centrally located near Ontario International Airport, Schools, Minutes from Ontario Mills and Toyota Arena.

Front Home built-in 1982 featuring, 3 bed and 2 baths. Ample living room and kitchen with a cellar in the back yard. All appliances included in front unit. Has it's own private front and backyard gated by a chainlink fence. New Paint inside and out, newer windows and doors. Window blinds and ceiling fans included. Roof replaced within the last 3 years.

Unit A features 2 bedrooms and 1 bath. New carpet, painted inside and out, new kitchen countertops and sink, new bathroom sink, new toilet, and reglazed tub. Washer and Dryer hookups. Roof raised and insulated plus central HVAC. Newer windows, doors, window blinds upgraded through the City's beautification program.

Unit B features 2 bedrooms and 1 bath. New carpet, painted inside and out, new water heater, central HVAC, Washer hookup. Roof raised and insulated. Newer windows, doors, window blinds upgraded through the City's beautification program.

Gated rear parking spaces for units.
New 6" Main Sewer Line plumbing as of 11/05/2019

Live in one and rent the others and/or purchase as an income property.

Last Agent to Sell the Property

Sal Torres Jr

NextHome CREA License #01280087 Listed on: 11/27/2019

NextHome CREA

Co-Listed By

DESIREE TORRES

NextHome CREA Real Estate License #01940080

Last Buyer's Agent

Sal Torres Jr

NextHome CREA License #01280087 Listed on: 11/27/2019

NextHome CREA

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 6,200 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Chain Link Fence
  • Front and Back Yard Sprinklers
  • Private Yard

Home Design

  • Triplex
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 3,521 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Window Screens
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Microwave
  • Laminate Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Private Parking
  • Paved Parking
  • Parking Lot

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 21 / 147
  • Tax Tract Number 18
  • Assessor Parcel Number 1049513290000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $840
  • Insurance Expense $1,665
  • Trash Expense $960
  • Water Sewer Expense $2,400
  • Operating Expense $5,965
  • Net Operating Income $50,435

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: All appliances included in main home
  • Property Attached: Yes
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Security: Smoke Detector(s)
  • Water Sewer Expenses: 2400.00
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 1049513290000
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Interior Amenities: Laminate Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 184.61
  • Room Type: Living Room
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Raised, Slab
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved, On Site, Parking Space, Private
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Microwave, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Yard
  • Lot Size Sq Ft: 6200.00
  • Lot Size Acres: 0.1423

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 840.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1665.00
  • Lot Size Area: 6200.0000 Square Feet
  • Net Operating Income: 50435.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Operating Expense: 5965.00
  • Rent Control: No
  • Total Actual Rent: 5100.00
  • Total Expenses: 5965.00

Tax Info

  • Tax Block: 147
  • Tax Census Tract: 18.13
  • Tax Lot: 21
  • Tax Tract Number: 18.13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2019
Closed on
Jan 2, 2020
Sold by
Wood Melanie Ann
Bought by
Wood James D
Seller's Agent
Sal Torres Jr
NextHome CREA
Buyer's Agent
Sal Torres Jr
NextHome CREA
List Price
$680,000
Sold Price
$650,000
Premium/Discount to List
-$30,000
-4.41%
Current Estimated Value
$911,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,338
Avg. Annual Appreciation
5.79%
Original Mortgage
$487,500
Outstanding Balance
$430,726
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$480,612

Purchase Details

Listed on
Nov 27, 2019
Closed on
Dec 10, 2019
Sold by
Sitchler Raymond and Sitchler Julie
Bought by
Wood Steven J and Wood James D
Seller's Agent
Sal Torres Jr
NextHome CREA
Buyer's Agent
Sal Torres Jr
NextHome CREA
List Price
$680,000
Sold Price
$650,000
Premium/Discount to List
-$30,000
-4.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$430,726
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$480,612

Purchase Details

Closed on
Feb 25, 2002
Sold by
Servants Heart Llc
Bought by
Flight Of Eagles Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,280
Interest Rate
6.52%
Mortgage Type
VA

Purchase Details

Closed on
Feb 8, 2002
Sold by
Flight Of Eagles Llc
Bought by
Sitchler Raymond and Sitchler Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,280
Interest Rate
6.52%
Mortgage Type
VA

Purchase Details

Closed on
Oct 29, 1998
Sold by
Hutchinson Douglas W
Bought by
Servants Heart Llc

Purchase Details

Closed on
May 8, 1998
Sold by
Hutchinson Frank W
Bought by
Light Of Life Llc
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
Wood James D -- Ticor Title
Wood Steven J $650,000 Ticor Title
Flight Of Eagles Llc -- --
Sitchler Raymond $181,500 First American Title Co
Servants Heart Llc -- --
Light Of Life Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wood James D $487,500
Previous Owner Sitchler Raymond $181,280
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2020 01/07/20 Sold $650,000 0.0% $185 / Sq Ft
12/04/2019 12/04/19 Off Market $650,000 -- --
11/27/2019 11/27/19 For Sale $680,000 -- $193 / 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 $7,636 $710,871 $246,071 $464,800
2024 $7,636 $696,932 $241,246 $455,686
2023 $7,421 $683,267 $236,516 $446,751
2022 $7,737 $669,869 $231,878 $437,991
2021 $7,416 $656,734 $227,331 $429,403
2020 $2,655 $233,077 $52,972 $180,105
2019 $2,560 $228,507 $51,933 $176,574
2018 $2,525 $224,027 $50,915 $173,112
2017 $2,435 $219,635 $49,917 $169,718
2016 $2,339 $215,328 $48,938 $166,390
2015 $2,323 $212,094 $48,203 $163,891
2014 $2,251 $207,940 $47,259 $160,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19272692

California Regional Multiple Listing Service (CRMLS)

APN: 1049-513-29