NOT LISTED FOR SALE

Estimated Value: $692,594 - $827,000

4 Beds
2 Baths
1,548 Sq Ft
$491/Sq Ft Est. Value

Last Sold March 26, 2018

Last sale price $452,000 $292 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,392/month

3 Days on Market

Highlights

  • Living Room
  • Wrought Iron Fence
  • Back and Front Yard
  • Central Heating and Cooling System
  • Carpet
  • 1-Story Property

About This Home

As of March 2018

Great opportunity for Investors and First-time Buyers. A very nice Duplex located in the heart of Ontario with long term tenants. Each unit has 2 bedrooms, 1 bath. Property is built in 1989 and in good condition. Very close to freeway, schools and shops.

Last Agent to Sell the Property

Rosarito Plamenco

Elevate Real Estate Agency License #01030741 Listed on: 01/24/2018

Last Buyer's Agent

Shia Yang

IRN Realty License #01302363

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 6,200 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Wood Fence
  • Back and Front Yard

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,548 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 26 / 152
  • Assessor Parcel Number 1049514310000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Trash Expense $660
  • Water Sewer Expense $1,980
  • Operating Expense $3,120
  • Net Operating Income $23,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 1980.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 1049514310000
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 291.99
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Construction Materials: Concrete

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 660.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6200.00
  • Lot Size Acres: 0.1423

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 26400.00
  • Lot Size Area: 6200.0000 Square Feet
  • Net Operating Income: 23280.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3120.00
  • Rent Control: Yes
  • Total Actual Rent: 2200.00
  • Total Expenses: 3120.00

Tax Info

  • Tax Block: 152
  • Tax Census Tract: 18.13
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2022
Sold by
Wang Allen Zhan and Wang Xiaoyan
Bought by
Wang Family Revocable Trust
Current Estimated Value
$759,399

Purchase Details

Listed on
Jan 24, 2018
Closed on
Feb 9, 2018
Sold by
Tiangco Teresita P
Bought by
Wang Allen Zhan and Yang Xiaoyan
Seller's Agent
Rosarito Plamenco
Elevate Real Estate Agency
Buyer's Agent
Shia Yang
IRN Realty
List Price
$480,000
Sold Price
$452,000
Premium/Discount to List
-$28,000
-5.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.86%
Original Mortgage
$165,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2007
Sold by
Tiangco Ricardo A
Bought by
Tiangco Ricardo A and Tiangco Teresita P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Wang Family Revocable Trust -- --
Wang Allen Zhan $452,000 Landwood Title Company
Tiangco Ricardo A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wang Allen Zhan $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2018 03/26/18 Sold $452,000 -5.8% $292 / Sq Ft
01/27/2018 01/27/18 Pending -- -- --
01/24/2018 01/24/18 For Sale $480,000 -- $310 / 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 $5,525 $514,301 $182,054 $332,247
2024 $5,525 $504,216 $178,484 $325,732
2023 $5,370 $494,329 $174,984 $319,345
2022 $5,299 $484,636 $171,553 $313,083
2021 $5,266 $475,133 $168,189 $306,944
2020 $5,247 $470,261 $166,464 $303,797
2019 $5,130 $461,040 $163,200 $297,840
2018 $2,936 $261,564 $71,335 $190,229
2017 $2,831 $256,435 $69,936 $186,499
2016 $2,720 $251,407 $68,565 $182,842
2015 $2,701 $247,631 $67,535 $180,096
2014 $2,617 $242,780 $66,212 $176,568
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18017832

California Regional Multiple Listing Service (CRMLS)

APN: 1049-514-31