Seller's Agent in 2023
Kristopher German
RE/MAX
(909) 645-0443
1 in this area
127 Total Sales
5358 Howard St Ontario, CA 91762
15
Beds
7
Baths
6,786
Sq Ft
0.81
Acres
Highlights
- 0.81 Acre Lot
- Laundry Room
- 7 Car Garage
- Cooling System Mounted To A Wall/Window
- Tile Flooring
- Heating Available
About This Home
As of August 2023We are pleased to offer for sale this TURN-KEY, fully rehabbed, 7 unit multi-family residential property in the city of Ontario. The subject property consists of 7 individual cottage style units that are situated on an oversized 35,250 SqFt Lot. Over the course of the last year the current owners have extensively improved the property which includes; INTERIOR: New Electrical Throughout (New Electrical Sub-Panels, New Romex Wiring, New Recessed Lighting, New Decora Plugs and Switches), Majority of Plumbing Updated, New Tile Flooring Throughout, Fully Remodeled Kitchens, Fully Remodeled Bathrooms, New Interior Paint, Acoustic Ceiling Removal, New Dual-Pane Windows, 3 A/C Units per unit, New Ceiling Fans, New Entry and Interior Doors, EXTERIOR: New Roof and wood sheeting on (4) of the Units (remaining 3 roofs in good condition), New Exterior Paint and Stucco Repair, Xeriscape Landscaping Throughout for Minimal Water Expense, & New Exterior Lighting. The unit mix is comprised of 1(3Bed/1Bath) stand alone cottage and 5(2Bed/1Bath) stand alone cottages. The units are separately metered for electricity and gas while the owner pays for water and trash. Each unit has access to an attached 1 car garage with an additional 2 open parking spaces. Tenants enjoy interior washer/dryer hookups as well as private backyards with covered patios. The current CAP Rate based on existing rents is 5.5% with a current 13.34GRM. This property offers a new investor an opportunity to purchase a true pride of ownership asset, with excellent rental rates in place, and most importantly, stable monthly cash-flow with little to no maintenance required.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 05/25/2023
Property Details
Home Type
- Apartment
Year Built
- Built in 1963
Lot Details
- 0.81 Acre Lot
- No Common Walls
- Density is 6-10 Units/Acre
Parking
- 7 Car Garage
- 14 Open Parking Spaces
- Parking Available
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,786 Sq Ft Home
- 1-Story Property
- Tile Flooring
- Gas Range
Bedrooms and Bathrooms
- 15 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
- Conventional Septic
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 7 / 20
- Tax Tract Number 1089
- Assessor Parcel Number 1011451250000
- $281 per year additional tax assessments
Community Details
Overview
- 6 Buildings
- 7 Units
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,800
- Insurance Expense $2,714
- Maintenance Expense $3,500
- Other Expense $4,050
- Trash Expense $2,576
- Water Sewer Expense $1,846
- New Taxes Expense $28,882
- Operating Expense $45,369
- Gross Income $193,020
- Net Operating Income $141,861
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/11/2023 08/11/23 | Sold | $2,550,000 | -1.0% | $376 / Sq Ft | |
| 07/26/2023 07/26/23 | Pending | -- | -- | -- | |
| 05/25/2023 05/25/23 | For Sale | $2,575,000 | +47.1% | $379 / Sq Ft | |
| 03/31/2022 03/31/22 | Sold | $1,750,000 | 0.0% | $258 / Sq Ft | View Prior Sale |
| 02/09/2022 02/09/22 | Pending | -- | -- | -- | |
| 02/09/2022 02/09/22 | Off Market | $1,750,000 | -- | -- | |
| 02/09/2022 02/09/22 | For Sale | $1,699,000 | -2.9% | $250 / Sq Ft | |
| 02/03/2022 02/03/22 | Off Market | $1,750,000 | -- | -- | |
| 02/01/2022 02/01/22 | For Sale | $1,699,000 | -- | $250 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $28,584 | $2,601,000 | $1,071,000 | $1,530,000 |
| 2024 | $27,935 | $2,550,000 | $1,050,000 | $1,500,000 |
| 2023 | $19,416 | $1,785,000 | $714,000 | $1,071,000 |
| 2022 | $2,258 | $197,764 | $19,445 | $178,319 |
| 2021 | $2,243 | $193,887 | $19,064 | $174,823 |
| 2020 | $2,205 | $191,899 | $18,869 | $173,030 |
| 2019 | $2,187 | $188,136 | $18,499 | $169,637 |
| 2018 | $2,156 | $184,447 | $18,136 | $166,311 |
| 2017 | $2,080 | $180,830 | $17,780 | $163,050 |
| 2016 | $2,002 | $177,284 | $17,431 | $159,853 |
| 2015 | $1,988 | $174,621 | $17,169 | $157,452 |
| 2014 | $1,900 | $171,201 | $16,833 | $154,368 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
-
LIANGYING XU
Buyer's Agent in 2023
LIANGYING XU
UNIVERSAL ELITE REALTY
(626) 698-5199
1 in this area
34 Total Sales
-
STEVEN RODRIGUEZ
Seller's Agent in 2022
STEVEN RODRIGUEZ
REALTY MASTERS & ASSOCIATES
(909) 821-1855
2 in this area
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23091638
APN: 1011-451-25
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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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