NOT LISTED FOR SALE

Estimated Value: $764,000 - $1,282,841

8 Beds
4 Baths
3,431 Sq Ft
$306/Sq Ft Est. Value

Last Sold November 04, 2016

Last sale price $700,000 $204 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,252/month

243 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of November 2016

4 unit Residential property located in the heart of Ontario. Each tenant pays their own gas and electricity. Close to conveniences like shopping and schools. Excellent investment opportunity.

Last Agent to Sell the Property

ROGER DE SANTIAGO

UNITED EMPIRE REALTY License #01174958 Listed on: 09/16/2016

Last Buyer's Agent

Carlos Munoz

Carlos Munoz, Appraiser License #01268133

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 9,558 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Home Design

  • 3,431 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 602
  • Tax Tract Number 150
  • Assessor Parcel Number 1048391070000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Gross Income $4,000
  • Net Operating Income $36,255

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Property Type: Residential Income
  • Parcel Number: 1048391070000
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 204.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Forced Air
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 9558.00
  • Price Per Lot Square Foot: 77.32
  • Lot Size Acres: 0.2190

Multi Family

  • Gross Income: 4000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 9558.0000 Square Feet
  • Net Operating Income: 36255.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 1
  • Operating Expense: 11745.00
  • Rent Control: No
  • Total Actual Rent: 4000.00

Tax Info

  • Tax Lot: 602
  • Tax Tract Number: 150.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2016
Closed on
Oct 26, 2016
Sold by
Villalva Heriberta
Bought by
Pastrana Ismael
Seller's Agent
ROGER DE SANTIAGO
UNITED EMPIRE REALTY
Buyer's Agent
Carlos Munoz
Carlos Munoz, Appraiser
List Price
$739,000
Sold Price
$700,000
Premium/Discount to List
-$39,000
-5.28%
Current Estimated Value
$1,051,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,210
Avg. Annual Appreciation
4.54%

Purchase Details

Closed on
Aug 2, 2016
Sold by
Martinez Eleazar P
Bought by
Pastrana Ismael and Jaimez Kaory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$687,321
Interest Rate
3.48%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 1, 2002
Sold by
Martinez Blanca O
Bought by
Martinez Eleazar P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,850
Interest Rate
5.96%

Purchase Details

Closed on
Feb 26, 2002
Sold by
Martinez Blanca O
Bought by
Martinez Eleazar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,800
Interest Rate
6.94%

Purchase Details

Closed on
Feb 25, 2002
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Martinez Eleazar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,800
Interest Rate
6.94%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Pastrana Ismael -- Wfg National Title Company
Jaimez Kaory -- Wfg National Title Company
Pastrana Ismael $700,000 Wfg National Title
Martinez Eleazar P -- First American
Martinez Eleazar -- First American Title
Martinez Eleazar $175,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pastrana Ismael $687,321
Previous Owner Martinez Eleazar P $173,850
Previous Owner Martinez Eleazar $163,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2016 11/04/16 Sold $700,000 0.0% $204 / Sq Ft
09/14/2016 09/14/16 Off Market $700,000 -- --
08/02/2016 08/02/16 For Sale $739,000 +5.6% $215 / Sq Ft
08/01/2016 08/01/16 Off Market $700,000 -- --
08/01/2016 08/01/16 Pending -- -- --
12/02/2015 12/02/15 For Sale $769,000 -- $224 / 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 $8,730 $812,411 $174,089 $638,322
2024 $8,730 $796,481 $170,675 $625,806
2023 $8,484 $780,863 $167,328 $613,535
2022 $8,372 $765,552 $164,047 $601,505
2021 $8,320 $750,541 $160,830 $589,711
2020 $8,174 $742,845 $159,181 $583,664
2019 $8,104 $728,280 $156,060 $572,220
2018 $7,992 $714,000 $153,000 $561,000
2017 $7,705 $700,000 $150,000 $550,000
2016 $4,201 $343,185 $87,356 $255,829
2015 $4,125 $338,030 $86,044 $251,986
2014 $4,442 $331,409 $84,359 $247,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV15255836

California Regional Multiple Listing Service (CRMLS)

APN: 1048-391-07