Seller's Agent in 2024
Paul Franco
Brickside Real Estate
(559) 389-5853
1 in this area
6 Total Sales
416 N Cherry Ave Ontario, CA 91764
Downtown Ontario NeighborhoodEstimated Value: $790,000 - $1,088,000
6
Beds
3
Baths
2,775
Sq Ft
$342/Sq Ft
Est. Value
Highlights
- Parking available for a boat
- Laundry Room
- 1-Story Property
- Cooling System Mounted To A Wall/Window
- Back and Front Yard
- 4-minute walk to Conservation Park
About This Home
As of August 2024This multi-unit residential property located at 416 N. Cherry, 412 N. Cherry, and 405 E. D Street is an excellent investment opportunity for those seeking either straight rental income, or the option to reside in one unit and rent the others for additional income. The three separate units sit on a 10,620 square foot corner lot, close to all amenities, schools, parks, shopping and public transportation. The unit at 416 N. Cherry is 705 sq. ft. with 2 bedrooms and 1 full bath. This unit includes a garage, carport and driveway for additional parking. The unit at 412 N. Cherry is 1,224 sq. ft. with 2 bedrooms and 1 full bath, and includes a gazebo and storage basement. It also has a garage, carport and driveway for additional parking. The unit at 405 E. D Street is 1,000 sq. ft., and consists of 2 bedrooms and 1 full bath. This corner unit includes a garage and driveway and parking for a small RV or boat. All units have separate private fenced yards that enhance the appeal for families or tenants seeking outdoor living spaces. This property holds significant potential for both immediate rental income and long-term value appreciation. The close proximity of the individual units help simplify overall management and enhance operational efficiency.
Last Agent to Sell the Property
Brickside Real Estate Brokerage Phone: 9499194626 License #01850956 Listed on: 07/13/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1906
Lot Details
- 10,620 Sq Ft Lot
- No Common Walls
- Back and Front Yard
- Density is 2-5 Units/Acre
Parking
- 2 Open Parking Spaces
- 3 Car Garage
- 2 Carport Spaces
- Parking Available
- Workshop in Garage
- Single Garage Door
- Driveway
- Parking available for a boat
Home Design
- Triplex
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 2,775 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Additional Features
- Exterior Lighting
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Legal Lot and Block 7 / 17
- Tax Tract Number 1400
- Assessor Parcel Number 1048374160000
- $331 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 3 Units
Building Details
- 2 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $2,013
- Trash Expense $2,794
- Operating Expense $10,668
- Gross Income $49,200
- Net Operating Income $38,532
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 13, 2024
Closed on
Aug 9, 2024
Sold by
Trott Family 2013 Trust and Trott James G
Bought by
Linie Kim Day Revocable Trust and Day
Seller's Agent
Paul Franco
Brickside Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$995,000
Sold Price
$970,000
Premium/Discount to List
-$25,000
-2.51%
Views
11
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
-$20,505
Avg. Annual Appreciation
-1.55%
Purchase Details
Closed on
May 6, 2015
Sold by
Trott James G
Bought by
The Trott Family 2013 Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 14, 2013
Sold by
Trott James G
Bought by
Trott James G and Trott Debbie L
Purchase Details
Closed on
Jan 4, 2011
Sold by
Bonetto Tedeschi Jeannette Marie
Bought by
Trott James G and Trott Debbie L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,395
Interest Rate
4.83%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 8, 1997
Sold by
Bonetto John and Bonetto Mary
Bought by
Bonetto John and Bonetto Mary T
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 |
|---|---|---|---|
| Linie Kim Day Revocable Trust | $970,000 | Fidelity National Title | |
| The Trott Family 2013 Trust | -- | Accommodation | |
| Trott James G | -- | Fidelity National Title Co | |
| Trott James G | -- | None Available | |
| Trott James G | $305,000 | Ticor Title Company | |
| Bonetto John | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Trott James G | $281,000 | |
| Previous Owner | Trott James G | $292,395 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/16/2024 08/16/24 | Sold | $970,000 | -2.5% | $350 / Sq Ft |
| 07/18/2024 07/18/24 | Pending | -- | -- | -- |
| 07/13/2024 07/13/24 | For Sale | $995,000 | -- | $359 / 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 | $4,135 | $970,000 | $340,000 | $630,000 |
| 2024 | $4,135 | $383,098 | $131,887 | $251,211 |
| 2023 | $4,017 | $375,586 | $129,301 | $246,285 |
| 2022 | $3,962 | $368,222 | $126,766 | $241,456 |
| 2021 | $3,936 | $361,002 | $124,280 | $236,722 |
| 2020 | $3,867 | $357,301 | $123,006 | $234,295 |
| 2019 | $3,832 | $350,295 | $120,594 | $229,701 |
| 2018 | $3,778 | $343,426 | $118,229 | $225,197 |
| 2017 | $3,641 | $336,692 | $115,911 | $220,781 |
| 2016 | $3,496 | $330,090 | $113,638 | $216,452 |
| 2015 | $3,471 | $325,132 | $111,931 | $213,201 |
| 2014 | $3,361 | $318,763 | $109,738 | $209,025 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Franco
-
NoEmail NoEmail
N
Buyer's Agent in 2024
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
17 in this area
6,174 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: FR24142085
APN: 1048-374-16
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
Nearby Homes