NOT LISTED FOR SALE
3 Beds
2 Baths
4,262 Sq Ft
10,620 Sq Ft Lot

Sale Details

Date Sold: April 29, 2013

Last sale price $620,000 $145 Per Sq Ft

11 Days on Market

Highlights

  • Modern Architecture
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA

About This Home

As of April 2013

Standard Sale, motivated seller! Great investment property with 6 units, an opportunity to own a property with positive income. 5 one bedroom units and one 2 bedroom unit. All units are currently occupied with multi-term tenants, located in a great location in Ontario. Newer paint and carpet. Four parking spaces and one two car garage that isn't included in the rent. You can live in the front house and collect rent on the other units! Don't miss this opportunity.

Last Agent to Sell the Property

Rachel Winetsky

RE/MAX CHAMPIONS License #00909931 Listed on: 04/13/2013

Last Buyer's Agent

Vicente Sanchez

VINCENT REALTY License #00939204

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 10,620 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 4,262 Sq Ft Home
  • Modern Architecture
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 6847
  • Assessor Parcel Number 1048571030000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,700
  • Maintenance Expense $1,000
  • Trash Expense $400
  • Water Sewer Expense $3,600
  • New Taxes Expense $8,061
  • Gross Income $5,300
  • Net Operating Income $42,325

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

10,620 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3600.00
  • Architectural Style: Modern
  • Property Type: Residential Income
  • Parcel Number: 1048571030000
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 145.47

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10620.00
  • Lot Size Acres: 0.2440

Multi Family

  • Gross Income: 5300.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 2700.00
  • Lot Size Area: 10620.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 42325.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 6
  • Operating Expense: 21275.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8061.00
  • Taxes Percent: 1.25
  • Tax Lot: 31
  • Tax Tract Number: 6847
  • Tax Year: 2011

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

Closed on
Mar 8, 2014
Sold by
Bought by

Purchase Details

Listed on
Apr 13, 2013
Closed on
Apr 23, 2013
Sold by
Bought by
Seller's Agent
Rachel Winetsky
RE/MAX CHAMPIONS
Buyer's Agent
Vicente Sanchez
VINCENT REALTY
List Price
$644,900
Sold Price
$620,000
Premium/Discount to List
-$24,900
-3.86%

Purchase Details

Closed on
Jul 29, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 26, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,625
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 11, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,625
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 14, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Ontario, CA

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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
-- None Available
$620,000 Orange Coast Title Co
$699,000 Fidelity-Riverside
-- Fidelity-Riverside
$511,500 Fidelity-Riverside
-- Orange Coast Title
-- Orange Coast Title
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 $500,000
Previous Owner $499,000
Previous Owner $383,625
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
04/29/2013 04/29/13 Sold $620,000 -3.9% $145 / Sq Ft
04/24/2013 04/24/13 Pending -- -- --
04/13/2013 04/13/13 For Sale $644,900 -- $151 / 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 $8,413 $778,755 $251,212 $527,543
2025 $8,413 $763,485 $246,286 $517,199
2024 $8,222 $748,515 $241,457 $507,058
2023 $7,990 $733,839 $236,723 $497,116
2022 $7,884 $719,450 $232,081 $487,369
2021 $7,835 $705,343 $227,530 $477,813
2020 $7,698 $698,111 $225,197 $472,914
2019 $7,632 $684,422 $220,781 $463,641
2018 $7,527 $671,002 $216,452 $454,550
2017 $7,257 $657,845 $212,208 $445,637
2016 $7,050 $652,387 $207,107 $445,280
2015 $7,002 $635,259 $204,922 $430,337
2014 $6,707 $622,815 $200,908 $421,907
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13065792

California Regional Multiple Listing Service (CRMLS)
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