M
Seller's Agent in 2024
MARCO CONTRERAS
EXP REALTY OF CALIFORNIA INC
524 W Park St Ontario, CA 91762
Downtown Ontario NeighborhoodEstimated Value: $943,000 - $1,253,000
6
Beds
4
Baths
2,798
Sq Ft
$407/Sq Ft
Est. Value
Highlights
- 0.4 Acre Lot
- Doors swing in
- 1-Story Property
- Bungalow
- Wall Furnace
About This Home
As of January 2024**Investment Opportunity in Ontario, CA!** Welcome to 524 W Park St, a versatile property strategically located in Ontario. This space offers tremendous potential, featuring a spacious .408 acre lot, 4 units, and 3 buildings. Building A (built in 1949): 801 sq ft, Building B (built in 2012) 705 sq ft, duplex Building C (built in 2006) 1292 sq ft for a total of 2798 sq ft. Great upside potential, tenants are month to month below market rate. Boasting proximity to local amenities, schools, and major transport routes, this property stands as a solid investment. Whether you're a seasoned investor seeking diverse revenue streams or a newcomer looking for growth opportunities, this property presents a great opportunity. The property features 8 bedrooms, 5 bathrooms, and 3 new detached garages that total 1344 sq ft. Don't miss out on this excellent investment prospect.
Last Agent to Sell the Property
MARCO CONTRERAS
EXP REALTY OF CALIFORNIA INC License #02120740 Listed on: 11/08/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,299
Year Built
- Built in 1949
Lot Details
- 0.4 Acre Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 6 Car Garage
- Parking Available
- Driveway
- Assigned Parking
Home Design
- Bungalow
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,798 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Additional Features
- Doors swing in
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity
- Legal Lot and Block 7 / 111
- Tax Tract Number 16
- Assessor Parcel Number 1049283180000
- $618 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 2 Separate Water Meters
- New Taxes Expense $14,000
- Operating Expense $15,000
- Gross Income $76,212
- Net Operating Income $61,212
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 8, 2023
Closed on
Jan 18, 2024
Sold by
San Gabriel First Church Of The Open Bib
Bought by
Mikhail Samuel and Mikhail Marian M
Seller's Agent
MARCO CONTRERAS
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
Samuel Mikhail
The New City Realty
List Price
$1,150,000
Sold Price
$1,049,000
Premium/Discount to List
-$101,000
-8.78%
Views
58
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
$89,614
Avg. Annual Appreciation
4.56%
Original Mortgage
$524,500
Outstanding Balance
$516,288
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$612,334
Purchase Details
Closed on
Dec 3, 2012
Sold by
Joso Jileria Ii Llc
Bought by
San Gabriel First Church Of The Open Bib
Purchase Details
Closed on
Nov 19, 2009
Sold by
Dela Torre Jose C
Bought by
Josojileria Ii Llc
Purchase Details
Closed on
Dec 19, 2006
Sold by
Cardenas Octavio R
Bought by
Delatorre Jose C and Delatorre Socorro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.19%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 11, 2004
Sold by
Pattison Albert W and Pattison Helen M
Bought by
Cardenas Octavio R and Cardenas Leticia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.82%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Mar 10, 2004
Sold by
Newman Jack Russell
Bought by
Newman Jack Russell
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 |
|---|---|---|---|
| Mikhail Samuel | $1,049,000 | Wfg National Title Company | |
| San Gabriel First Church Of The Open Bib | $550,000 | Orange Coast Title Company | |
| Josojileria Ii Llc | -- | None Available | |
| Delatorre Jose C | $730,000 | Orange Coast Title Company | |
| Cardenas Octavio R | $300,000 | Lawyers Title Company | |
| Cardenas Octavio R | $300,000 | Lawyers Title Company | |
| Newman Jack Russell | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mikhail Samuel | $524,500 | |
| Previous Owner | Delatorre Jose C | $210,000 | |
| Previous Owner | Cardenas Octavio R | $207,000 | |
| Previous Owner | Cardenas Octavio R | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/25/2024 01/25/24 | Sold | $1,049,000 | -4.5% | $375 / Sq Ft |
| 12/18/2023 12/18/23 | Pending | -- | -- | -- |
| 11/29/2023 11/29/23 | Price Changed | $1,099,000 | -4.4% | $393 / Sq Ft |
| 11/08/2023 11/08/23 | For Sale | $1,150,000 | 0.0% | $411 / Sq Ft |
| 02/06/2017 02/06/17 | Rented | $1,200 | 0.0% | -- |
| 11/18/2016 11/18/16 | For Rent | $1,200 | 0.0% | -- |
| 02/22/2013 02/22/13 | Sold | $550,000 | +2.8% | $196 / Sq Ft |
| 11/16/2012 11/16/12 | Pending | -- | -- | -- |
| 01/30/2012 01/30/12 | For Sale | $535,000 | -- | $191 / 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 | $7,299 | $1,069,980 | $372,300 | $697,680 |
| 2024 | $7,299 | $664,007 | $90,546 | $573,461 |
| 2023 | $7,094 | $650,988 | $88,771 | $562,217 |
| 2022 | $7,000 | $638,223 | $87,030 | $551,193 |
| 2021 | $6,956 | $625,709 | $85,324 | $540,385 |
| 2020 | $6,834 | $619,293 | $84,449 | $534,844 |
| 2019 | $7,100 | $607,150 | $82,793 | $524,357 |
| 2018 | $6,682 | $595,245 | $81,170 | $514,075 |
| 2017 | $6,443 | $583,573 | $79,578 | $503,995 |
| 2016 | $6,188 | $572,131 | $78,018 | $494,113 |
| 2015 | $6,147 | $563,537 | $76,846 | $486,691 |
| 2014 | $6,261 | $552,498 | $75,341 | $477,157 |
Source: Public Records
Agents Affiliated with this Home
-
-
Samuel Mikhail
Buyer's Agent in 2024
Samuel Mikhail
The New City Realty
(562) 273-1307
1 in this area
41 Total Sales
-
J
Seller's Agent in 2017
JACK PIKE
PIKE PROPERTY MANAGEMENT
-
M
Seller's Agent in 2013
Mercedes De Jean
Vintage Hills Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23205969
APN: 1049-283-18
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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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