Manuel Madrid
ONE WEST REALTY
(909) 288-4937
33 Total Sales
1 in Downtown Ontario
$695,000 Price
403 E Acacia St Ontario, CA 91761
Downtown Ontario Neighborhood
18
Beds
9
Baths
5,180
Sq Ft
0.55
Acre Lot
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
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 23,850 Sq Ft 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 in unit
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Ontario, CA
-
Manuel Madrid
-
Laura Pinelli
Laura Pinelli
LAURA PINELLI, BROKER
(626) 605-6436
32 Total Sales
1 in Downtown Ontario
$728,168 Price
-
James Darby
James Darby
USAFC Realty
(619) 693-1374
54 Total Sales
1 in Downtown Ontario
$670,000 Price
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
169 Total Sales
2 in Downtown Ontario
$635K - $700K Price Range
-
Arthur Cervantes
Arthur Cervantes
Arthur Cervantes Properties Inc
(657) 239-4578
111 Total Sales
7 in Downtown Ontario
$40K - $160K Price Range
-
Justin Quemada
Justin Quemada
RE/MAX TOP PRODUCERS
(626) 653-4279
49 Total Sales
3 in Downtown Ontario
$525K - $675K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,750,000 | Fidelity National Title | ||
| Hu Haiming | $1,220,000 | Orange Coast Title Company | |
| Branca Narciso | -- | -- | |
| Delatorre Jose C | -- | -- | |
| Branca Teresa | -- | Orange Coast Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,351,000 | ||
| Closed | Lae Flores Rentals Llc | -- | |
| Previous Owner | Branca Narciso | $65,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $18,860 | $1,749,969 | $475,859 | $1,274,110 |
| 2025 | $18,860 | $1,715,655 | $466,528 | $1,249,127 |
| 2024 | $18,431 | $1,682,014 | $457,380 | $1,224,634 |
| 2023 | $17,912 | $1,649,034 | $448,412 | $1,200,622 |
| 2022 | $17,675 | $1,616,700 | $439,620 | $1,177,080 |
| 2021 | $17,566 | $1,276,874 | $388,615 | $888,259 |
| 2020 | $13,916 | $1,263,781 | $384,630 | $879,151 |
| 2019 | $13,797 | $1,239,001 | $377,088 | $861,913 |
| 2018 | $13,606 | $1,214,707 | $369,694 | $845,013 |
| 2017 | $13,118 | $1,190,889 | $362,445 | $828,444 |
| 2016 | $4,589 | $421,294 | $71,625 | $349,669 |
| 2015 | $4,558 | $414,966 | $70,549 | $344,417 |
| 2014 | -- | $406,837 | $69,167 | $337,670 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Seller's Agent in 2020
Kristopher German
RE/MAX
(909) 645-0443
1 in this area
132 Total Sales
-
LB
Seller's Agent in 2015
Leonard Bernal
Endeavor Real Estate
-
Tony Lam
Buyer's Agent in 2015
Tony Lam
Pinnacle Real Estate Group
(909) 618-3765
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV20215693
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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