Seller's Agent in 2024
Kai Kim
Real Broker
(626) 202-3381
1 in this area
41 Total Sales
622 N Vine 622-630 Ave Ontario, CA 91762
Downtown Ontario Neighborhood
7
Beds
5
Baths
3,792
Sq Ft
5,184
Sq Ft Lot
Highlights
- Quartz Countertops
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Neighborhood Views
- Living Room
- Accessible Parking
About This Home
As of June 2024NOI INCREASE OF 28% with room for VALUE ADD!! Exciting Investment Potential at 622-630 N Vine Ave. This exceptional property consisting of 5 units presents a lucrative opportunity for investors. Located just a few blocks from Euclid Avenue, it features a mix of three spacious 1-bed/1-bath units and two generous 2-bed/1-bath units. Each unit is accompanied by its own private garage, additional on-site parking spaces, and convenient access to a dedicated coin-operated laundry room. All units have been updated with durable tile flooring, windows, bathrooms, and with 4 out of 5 of them with newer kitchens. This multifamily property enjoys the benefit of reliable, timely-paying tenants, further enhancing its appeal. This property benefits from a prime location in Ontario, offering convenient proximity to a wide array of shops, dining establishments, and entertainment venues. As a result, it stands as a highly sought-after investment opportunity in the area.
Last Agent to Sell the Property
Real Broker Brokerage Phone: 626-202-3381 License #02040060 Listed on: 07/14/2023
Co-Listed By
eXp Realty of California Inc Brokerage Phone: 626-202-3381 License #02074147
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953 | Remodeled
Lot Details
- 5,184 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
- Block Wall Fence
- Fence is in good condition
- Density is 2-5 Units/Acre
Parking
- 5 Car Garage
- 3 Open Parking Spaces
- On-Street Parking
Home Design
- Property Attached
- Shingle Roof
- Wood Siding
- Stucco
Interior Spaces
- 3,792 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Insulated Windows
- Living Room
- Tile Flooring
- Neighborhood Views
- Laundry Room
Kitchen
- Gas Oven
- Quartz Countertops
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Accessible Home Design
- Accessible Parking
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 4 / 8
- Tax Tract Number 14
- Assessor Parcel Number 1048341060000
- $701 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- Insurance Expense $4,190
- Professional Management Expense $4,190
- Trash Expense $5,619
- Water Sewer Expense $5,619
- Operating Expense $27,445
- Gross Income $97,800
- Net Operating Income $70,355
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/12/2024 06/12/24 | Sold | $1,185,000 | -12.2% | $313 / Sq Ft |
| 04/16/2024 04/16/24 | Pending | -- | -- | -- |
| 09/04/2023 09/04/23 | Price Changed | $1,350,000 | -10.0% | $356 / Sq Ft |
| 07/14/2023 07/14/23 | For Sale | $1,500,000 | -- | $396 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Kai Kim
-
Leonie Tran
Seller Co-Listing Agent in 2024
Leonie Tran
eXp Realty of California Inc
(323) 244-8869
1 in this area
15 Total Sales
-
Mary Saied
Buyer's Agent in 2024
Mary Saied
Keller Williams R. E. Services
(818) 806-8079
1 in this area
19 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23124376
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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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