SHERRI LOPEZ
COLDWELL BANKER REALTY
(909) 552-7892
75 Total Sales
1 in Downtown Ontario
$621,000 Price
409 N Cherry Ave Ontario, CA 91764
Downtown Ontario Neighborhood
5
Beds
3
Baths
4,438
Sq Ft
8,554
Sq Ft Lot
Highlights
- Wood Flooring
- Granite Countertops
- Ceiling Fan
- Corner Lot
- No HOA
- 4-minute walk to Conservation Park
About This Home
As of July 2017Beautifully, and recently upgraded multiple building property! Over $150,000 has been invested in the upgrade of all 3 individual units. Rare, 3 free standing homes on a single lot, all fully rented in a prime Downtown Ontario location. Front and middle unit are 2 bedroom, 1 bath units and have been upgraded with new flooring, updated kitchens with granite counters and stainless steel appliances. All three units have their own washer and dryer and new water heaters. All units have their own private yard spaces with new sprinklers, and are separately metered for gas and electricity. One meter for water for all three. Front unit on D Street has a huge basement that makes a good bonus area, or simply extra storage. All new exterior paint, and brand new roofs being done June 2017. Property has always rented easily and for great rents! Directly across the street from University of La Verne law campus, and just steps from the newly refreshed Downtown Ontario! Low expected future maintenance with all the major upgrades that have been done! This is a rare investment opportunity with a great ROI.
Last Agent to Sell the Property
CONCIERGE REALTY GROUP License #01801354 Listed on: 05/19/2017
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1895
Lot Details
- 8,554 Sq Ft Lot
- No Common Walls
- Corner Lot
Home Design
- Triplex
- Partial Copper Plumbing
Interior Spaces
- 4,438 Sq Ft Home
- Ceiling Fan
- Wood Flooring
- Granite Countertops
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Parking
- 1 Parking Space
- 1 Carport Space
Utilities
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 12
- Tax Tract Number 14
- Assessor Parcel Number 1048373070000
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $720
- Insurance Expense $1,404
- Maintenance Expense $1,500
- Trash Expense $200
- Water Sewer Expense $2,700
- New Taxes Expense $3,400
- Operating Expense $9,924
- Gross Income $60,000
- Net Operating Income $50,076
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
May 19, 2017
Closed on
Jul 5, 2017
Sold by
Bought by
Seller's Agent
Ryan Zimmerman
CONCIERGE REALTY GROUP
Buyer's Agent
Jin Ro
Regency Real Estate Brokers
List Price
$880,000
Sold Price
$880,000
Purchase Details
Closed on
Jul 29, 2005
Sold by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 9, 2005
Sold by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 29, 2002
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Ontario, CA
-
SHERRI LOPEZ
-
Veronica Lee
Veronica Lee
Coldwell Banker Realty
(657) 317-7573
76 Total Sales
1 in Downtown Ontario
$640,000 Price
-
Alexander Varga
Alexander Varga
Norm Haley Real Estate
(626) 788-8434
30 Total Sales
1 in Downtown Ontario
$450,000 Price
-
Hilda Hernandez
Hilda Hernandez
Berkshire Hathaway HomeServices
(626) 699-8904
93 Total Sales
2 in Downtown Ontario
$443K - $490K Price Range
-
Andrissa Noriega
Andrissa Noriega
DYNASTY REAL ESTATE
(909) 765-1211
50 Total Sales
2 in Downtown Ontario
$675,000 Price Range
-
Christopher Sicam
Christopher Sicam
Keller Williams Beverly Hills
(424) 407-8295
8 Total Sales
2 in Downtown Ontario
$740,000 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 |
|---|---|---|---|
| $880,000 | First American Title | ||
| -- | Orange Coast Title Company | ||
| $425,000 | Orange Coast Title Company | ||
| -- | United 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 |
|---|---|---|---|
| Previous Owner | $382,500 |
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 |
|---|---|---|---|---|
| 07/11/2017 07/11/17 | Sold | $880,000 | 0.0% | $198 / Sq Ft |
| 05/25/2017 05/25/17 | Pending | -- | -- | -- |
| 05/19/2017 05/19/17 | For Sale | $880,000 | -- | $198 / 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 | $11,016 | $1,021,317 | $348,176 | $673,141 |
| 2025 | $11,016 | $1,001,291 | $341,349 | $659,942 |
| 2024 | $10,766 | $981,658 | $334,656 | $647,002 |
| 2023 | $10,463 | $962,410 | $328,094 | $634,316 |
| 2022 | $10,324 | $943,539 | $321,661 | $621,878 |
| 2021 | $10,260 | $925,038 | $315,354 | $609,684 |
| 2020 | $10,080 | $915,552 | $312,120 | $603,432 |
| 2019 | $9,994 | $897,600 | $306,000 | $591,600 |
| 2018 | $9,856 | $880,000 | $300,000 | $580,000 |
| 2017 | $4,545 | $410,400 | $85,500 | $324,900 |
| 2016 | $3,911 | $360,000 | $75,000 | $285,000 |
| 2015 | $3,599 | $330,000 | $68,400 | $261,600 |
| 2014 | $3,556 | $330,000 | $68,400 | $261,600 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Zimmerman
Seller's Agent in 2017
Ryan Zimmerman
CONCIERGE REALTY GROUP
(909) 519-4458
206 Total Sales
-
Jin Ro
Buyer's Agent in 2017
Jin Ro
Regency Real Estate Brokers
(949) 365-6457
87 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV17113312
APN: 1048-373-07
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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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