Seller's Agent in 2024
John Hess
SHEAR REALTY
(760) 243-3803
4 in this area
114 Total Sales
319 E Park St Ontario, CA 91761
Downtown Ontario NeighborhoodEstimated Value: $732,000 - $882,000
4
Beds
3
Baths
2,955
Sq Ft
$277/Sq Ft
Est. Value
Highlights
- Ductless Heating Or Cooling System
- Heating Available
- 2-minute walk to Sam Alba Memorial Park
- Laundry Room
- 1-Story Property
About This Home
As of February 2024This property comprises two lots, giving plenty of room for the three separate units and space for a yard and two-car garage. Unit 319 E Park. includes Three bedrooms and two baths. A good-sized living area. A kitchen with plenty of cabinetry, countertop space, and a comfortable dining area. Other features are storage, a fenced, private front and backyard, indoor laundry, and a driveway for additional parking. Units 315 and 317 E Park have one bedroom, one bath, a kitchen, an eating area, and a comfortable living area. Both units include a gated carport and fenced-in yards for each unit. 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. This property 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,724
Year Built
- Built in 1930
Lot Details
- 10,752 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 2,955 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Utilities
- Ductless Heating Or Cooling System
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, gas, telephone, water
- Legal Lot and Block 19 / 78
- Tax Tract Number 19
- Assessor Parcel Number 1049245090000
Community Details
Overview
- 4 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $2,611
- Other Expense $7,800
- Trash Expense $1,440
- Operating Expense $7,800
- Net Operating Income $30,442
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 11, 2023
Closed on
Jan 31, 2024
Sold by
Frederick L And Jean Valdez Family Trust
Bought by
Tsai Jack and Shih Chihan
Seller's Agent
John Hess
SHEAR REALTY
Buyer's Agent
Jack Tsai
Exp Realty of California Inc
List Price
$799,000
Sold Price
$773,000
Premium/Discount to List
-$26,000
-3.25%
Views
158
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,772
Avg. Annual Appreciation
3.23%
Original Mortgage
$618,000
Interest Rate
6.61%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 10, 2001
Sold by
Valdez Jean
Bought by
Valdez Fredrick L and Valdez Jean
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tsai Jack | $773,000 | Ticor Title | |
| Valdez Fredrick L | -- | -- | |
| Valdez Jean | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tsai Jack | $667,500 | |
| Closed | Tsai Jack | $618,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/07/2024 02/07/24 | Sold | $773,000 | -3.3% | $262 / Sq Ft |
| 01/16/2024 01/16/24 | For Sale | $799,000 | 0.0% | $270 / Sq Ft |
| 01/05/2024 01/05/24 | Pending | -- | -- | -- |
| 01/02/2024 01/02/24 | Pending | -- | -- | -- |
| 12/11/2023 12/11/23 | For Sale | $799,000 | -- | $270 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,724 | $727,260 | $137,700 | $589,560 |
| 2024 | $7,724 | $705,000 | $130,000 | $575,000 |
| 2023 | $701 | $61,990 | $8,293 | $53,697 |
| 2022 | $691 | $60,774 | $8,130 | $52,644 |
| 2021 | $687 | $59,583 | $7,971 | $51,612 |
| 2020 | $675 | $58,972 | $7,889 | $51,083 |
| 2019 | $669 | $57,815 | $7,734 | $50,081 |
| 2018 | $660 | $56,681 | $7,582 | $49,099 |
| 2017 | $637 | $55,569 | $7,433 | $48,136 |
| 2016 | $612 | $54,479 | $7,287 | $47,192 |
| 2015 | $608 | $53,661 | $7,178 | $46,483 |
| 2014 | $589 | $52,609 | $7,037 | $45,572 |
Source: Public Records
Agents Affiliated with this Home
-
John Hess
-
Jack Tsai
Buyer's Agent in 2024
Jack Tsai
Exp Realty of California Inc
(626) 479-1686
1 in this area
79 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23224058
APN: 1049-245-09
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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