NOT LISTED FOR SALE

621 N Euclid Ave Ontario, CA 91762

Downtown Ontario Neighborhood
4 Beds
3 Baths
4,090 Sq Ft
5,662 Sq Ft Lot

Last Sold October 15, 2015

Last sale price $960,000 $235 Per Sq Ft

17 Days on Market

About This Home

As of October 2015

We are pleased to present the investment offering at 621 North Euclid Street. This five-unit absolute trophy and turn-key asset is located in the city of Ontario, California. This property consists of 100 percent two-bedroom units with over 800 square feet of living space. The subject property was originally built in 1922 and completely renovated in 2014. The property offers on-site laundry facility, gated parking with new security lighting and security system. The total lot size is 12,000 square feet with 4,091 rentable square feet. The building is individually metered for gas and electricity. The owner is only responsible for water and trash for their tenants. There was over $350,000 in renovations done for the past 24 months. The property has complete, new electrical and Uponor PEX Plumbing throughout. PEX tubing is a clean, non-toxic, and an extremely durable piping product that will not pit, scale, or corrode and is backed with a 25 year warranty. These large newly updated units are equipped with Kwikset locks, granite countertops, gas stoves, built in microwaves, tile and laminate flooring, new carpet, recessed can lighting, ceiling fans, wood blinds, and is pre-wired for cable TV and high speed internet.

Last Agent to Sell the Property

David Lin

MARCUS & MILLICHAP License #01894476 Listed on: 08/24/2015

Last Buyer's Agent

ALWIN SUN

DS HOMES & REAL ESTATE License #01884494

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 5,662 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Parking Spaces

Home Design

  • 4,090 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 4
  • Assessor Parcel Number 1048356040000

Community Details

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Gardener Expense $1,200
  • Insurance Expense $2,200
  • Maintenance Expense $3,513
  • Trash Expense $900
  • Water Sewer Expense $3,000
  • New Taxes Expense $11,252
  • Gross Income $5,975
  • Net Operating Income $46,413

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 1048356040000
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 234.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5662.00
  • Price Per Lot Square Foot: 169.55
  • Lot Size Acres: 0.1300

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 5975.00
  • Gross Scheduled Income: 72400.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 5662.0000 Square Feet
  • Maintenance Expense: 3513.00
  • Net Operating Income: 46413.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 23845.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11252.00
  • Tax Lot: 5
  • Tax Tract Number: 04

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2015 10/15/15 Sold $960,000 -4.0% $235 / Sq Ft
09/10/2015 09/10/15 Pending -- -- --
08/24/2015 08/24/15 For Sale $1,000,000 -- $244 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    David Lin

    MARCUS & MILLICHAP

    Section Image

  • A

    Buyer's Agent in 2015

    ALWIN SUN

    DS HOMES & REAL ESTATE

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15187239

California Regional Multiple Listing Service (CRMLS)

APN: 1048-356-04

California San Bernardino County Ontario 91762 Downtown Ontario

621 N Euclid Ave, Ontario, CA

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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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