NOT LISTED FOR SALE

424 W Nevada St Ontario, CA 91762

Downtown Ontario Neighborhood

Estimated Value: $504,000 - $755,000

2 Beds
2 Baths
1,060 Sq Ft
$590/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $430,000 $406 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,775/month

7 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 1-Story Property

About This Home

As of August 2020

Great investment duplex income property. Two separate houses each with one bedroom and one bathroom. This charming duplex is located in a quiet neighborhood. Both units are tenant occupied. Centrally located by all major FWY. There is approximately 20% upside in the rental income making the subject property a value-add opportunity. Tenants pay ALL utilities. Don't miss out.

Last Agent to Sell the Property

Phyllis Lu

Titan One Real Estate License #01526442 Listed on: 07/30/2020

Last Buyer's Agent

Joseph Minero

RE/MAX CHAMPIONS License #01309930

RE/MAX CHAMPIONS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,684

Year Built

  • Built in 1925

Lot Details

  • 6,132 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,060 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 13 / 88
  • Assessor Parcel Number 1049261170000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • New Taxes Expense $4,000
  • Operating Expense $4,700
  • Gross Income $28,800
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,684

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Zoning: R-2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 1049261170000
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 405.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6132.00
  • Lot Size Acres: 0.1408

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 28800.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 700.00
  • Lot Size Area: 6132.0000 Square Feet
  • Net Operating Income: 28800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 4700.00

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Block: 88
  • Tax Census Tract: 16.00
  • Tax Lot: 13
  • Tax Tract Number: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2021
Sold by
Garcia David and Garcia Jacqueline
Bought by
Gmic Llc
Current Estimated Value
$624,946

Purchase Details

Listed on
Jul 30, 2020
Closed on
Aug 27, 2020
Sold by
Garcia Jacqueline
Bought by
Garcia David B
Seller's Agent
Phyllis Lu
Titan One Real Estate
Buyer's Agent
Joseph Minero
RE/MAX CHAMPIONS
List Price
$399,000
Sold Price
$430,000
Premium/Discount to List
$31,000
7.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%

Purchase Details

Listed on
Jul 30, 2020
Closed on
Aug 25, 2020
Sold by
Yu Ming Sheng
Bought by
Garcia David B
Seller's Agent
Phyllis Lu
Titan One Real Estate
Buyer's Agent
Joseph Minero
RE/MAX CHAMPIONS
List Price
$399,000
Sold Price
$430,000
Premium/Discount to List
$31,000
7.77%

Purchase Details

Closed on
Dec 8, 2011
Sold by
Ruiz Miguel
Bought by
Yu Ming Sheng

Purchase Details

Closed on
Jul 29, 1993
Sold by
Nicaragua Maria Esther
Bought by
Ruiz Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000
Interest Rate
7.16%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Gmic Llc -- None Available
Garcia David -- None Available
Garcia David B -- Wfg National Title Company
Garcia David B $430,000 Wfg National Title Company
Yu Ming Sheng $131,000 Pacific Coast Title Company
Ruiz Miguel $3,000 Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ruiz Miguel $195,000
Previous Owner Ruiz Miguel $200,000
Previous Owner Ruiz Miguel $107,450
Previous Owner Ruiz Miguel $106,616
Previous Owner Ruiz Miguel $3,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2020 08/28/20 Sold $430,000 +7.8% $406 / Sq Ft
08/06/2020 08/06/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $399,000 -- $376 / 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 $5,684 $529,118 $162,365 $366,753
2024 $5,684 $518,743 $159,181 $359,562
2023 $5,524 $508,572 $156,060 $352,512
2022 $5,635 $498,600 $153,000 $345,600
2021 $4,768 $430,000 $150,000 $280,000
2020 $1,670 $150,456 $63,398 $87,058
2019 $1,656 $147,506 $62,155 $85,351
2018 $1,633 $144,613 $60,936 $83,677
2017 $1,575 $141,777 $59,741 $82,036
2016 $1,729 $138,997 $58,570 $80,427
2015 $1,503 $136,909 $57,690 $79,219
2014 $1,456 $134,227 $56,560 $77,667
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2020

    Phyllis Lu

    Titan One Real Estate

    (626) 229-2268

    38 Total Sales

    Phyllis Lu
    Section Image
  • Joseph Minero

    Buyer's Agent in 2020

    Joseph Minero

    RE/MAX

    (909) 919-1745

    1 in this area

    61 Total Sales

    Joseph Minero
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20152840

California Regional Multiple Listing Service (CRMLS)

APN: 1049-261-17

California San Bernardino County Ontario 91762 Downtown Ontario

424 W Nevada St, Ontario, CA

This home is located at 424 W Nevada St, Ontario, CA 91762 since 30 July 2020 and is currently estimated at $624,946, approximately $589 per square foot. This property was built in 1925. 424 W Nevada St is a home located in San Bernardino County with nearby schools including Euclid Elementary School, De Anza Middle, and Ontario High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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