Seller's Agent in 2020
Kristopher German
RE/MAX
(909) 645-0443
3 in this area
118 Total Sales
403 E Acacia St Ontario, CA 91761
Downtown Ontario Neighborhood
18
Beds
9
Baths
5,180
Sq Ft
0.55
Acres
About This Home
As of December 2020We are pleased to offer for sale this 9 unit investment property located in the city of Ontario. Comprised of 3 separate buildings, the unit composition is ALL 2Bed/1Bath units. The first structure is a 1950's built single family cottage with private yard and laundry hookups. The remaining 2 buildings were constructed in 1982 and offer central A/C and heat. All tenants pay for electricity & gas, while the owner pays for water and trash. The offering is comprised of 2 lots (total size 23,580 sqft), the first being the lot on which the structures currently exist, and then an additional lot to the rear which may allow for additional development (buyer and buyer's agent to verify.) Offered at a current 13.34 GRM and a 4.82% CAP Rate, the offering is already a lucrative opportunity for a new investor, not to mention the additional 30% upside in rental rates that exists given the low rents in place. Ontario has only seen vacancy tighten and rental rates climb given it is a desirable rental location for tenants, and a great opportunity for investors looking for the path of appreciation.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 10/14/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 0.55 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 5,180 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 18 Bedrooms
- 9 Bathrooms
Parking
- 24 Open Parking Spaces
- 24 Parking Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 37
- Tax Tract Number 35
- Assessor Parcel Number 1049531350000
Community Details
Overview
- 3 Buildings
- 9 Units
Amenities
- Laundry Facilities
Building Details
- 9 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $416
- Fuel Expense $823
- Insurance Expense $2,128
- Maintenance Expense $7,637
- Other Expense $1,350
- Trash Expense $1,884
- Water Sewer Expense $7,803
- New Taxes Expense $21,350
- Operating Expense $43,391
- Gross Income $131,220
- Net Operating Income $83,892
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/23/2020 12/23/20 | Sold | $1,750,000 | 0.0% | $338 / Sq Ft |
| 10/23/2020 10/23/20 | Pending | -- | -- | -- |
| 10/14/2020 10/14/20 | For Sale | $1,750,000 | +43.4% | $338 / Sq Ft |
| 05/22/2015 05/22/15 | Sold | $1,220,000 | +8.9% | $236 / Sq Ft |
| 05/07/2015 05/07/15 | Pending | -- | -- | -- |
| 04/23/2015 04/23/15 | For Sale | $1,120,000 | -- | $216 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
L
Seller's Agent in 2015
Leonard Bernal
Endeavor Real Estate
-
Buyer's Agent in 2015
Tony Lam
Pinnacle Real Estate Group
(909) 618-3765
29 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV20215693
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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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