NOT LISTED FOR SALE

704 E D St Ontario, CA 91764

Downtown Ontario Neighborhood
6 Beds
6 Baths
3,774 Sq Ft
0.33 Acres

Last Sold November 29, 2018

Last sale price $1,145,000 $303 Per Sq Ft

77 Days on Market

Highlights

  • No Units Above
  • Main Floor Bedroom
  • Cooling System Mounted To A Wall/Window
  • Property is near public transit
  • Corner Lot
  • Living Room

About This Home

As of November 2018

Great Investment Opportunity to Own 6 - 1 Bedroom/1 Bath Garden Style Apartments! All Units have Long Term Tenants with Huge Upside Potential on Rents and are Centrally Located in the Historic Residential Area of Ontario! The Owners Have Been Upgrading the Units and Keeping Them Well Maintained with Newer Tile Showers, Newer Tile Floors, Newer Counter Tops and More!!! In Addition, Each of the Units are Individually Metered for Gas & Electricity, Have Their Own Laundry Hook-ups, Window A/C Units, Aluminum Awnings, Security Screen Doors and Single Car Garage in Back! This Property is Very Low Maintenance with Pitched Roofs and Ideal for Investor! Conveniently Located Near Schools, Parks, Shopping, Restaurants and Public Transportation!

Last Agent to Sell the Property

Eric Eide

RE/MAX MASTERS REALTY License #01207980 Listed on: 08/14/2018

Last Buyer's Agent

Fred Lam

IRN Realty License #01099825

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 0.33 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Chain Link Fence
  • Fence is in average condition
  • Landscaped
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Garden
  • Front Yard

Parking

  • 6 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • Bungalow
  • Property Attached
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,774 Sq Ft Home
  • Awning
  • Blinds
  • Window Screens
  • Panel Doors
  • Living Room
  • Tile Flooring
  • Disposal
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 6 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 15
  • Assessor Parcel Number 1048501090000

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,500
  • Other Expense $220
  • Water Sewer Expense $5,160
  • New Taxes Expense $9,467
  • Operating Expense $16,447
  • Gross Income $71,100
  • Net Operating Income $54,653

Property Details

Home Type

Multi-Family

Year Built

Built in 1960 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 5160.00
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 1048501090000
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Tile
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: One
  • Price Per Square Foot: 303.39
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Slab
  • Exterior Features: Awning(s)
  • Fence: Yes
  • Fencing: Average Condition, Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Asphalt, Garage, Garage - Single Door
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Disposal, Water Heater
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Garden, Landscaped, Level with Street, Lot 10000-19999 Sqft, Level, Near Public Transit, Sprinkler System
  • Lot Size Sq Ft: 14550.00
  • Lot Size Acres: 0.3340

Multi Family

  • Gross Income: 71100.00
  • Gross Scheduled Income: 71100.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 14550.0000 Square Feet
  • Net Operating Income: 54653.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 16447.00
  • Operating Expense Percent: 23.00
  • Other Expense: 220.00
  • Other Expense Description: Inspect
  • Rent Control: No
  • Total Actual Rent: 5925.00
  • Total Expenses: 16447.00

Tax Info

  • New Taxes Expense: 9467.00
  • Tax Census Tract: 15.01
  • Tax Lot: 4
  • Tax Tract Number: 15.01

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
11/29/2018 11/29/18 Sold $1,145,000 -4.6% $303 / Sq Ft
10/30/2018 10/30/18 Pending -- -- --
08/14/2018 08/14/18 For Sale $1,200,000 -- $318 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eric Eide

    Seller's Agent in 2018

    Eric Eide

    RE/MAX

    (714) 785-2557

    2 in this area

    35 Total Sales

    Eric Eide
    Section Image
  • Fred Lam

    Buyer's Agent in 2018

    Fred Lam

    IRN Realty

    (626) 447-5100

    18 Total Sales

    Fred Lam
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18197792

California Regional Multiple Listing Service (CRMLS)
California San Bernardino County Ontario 91764 Downtown Ontario

704 E D St, Ontario, CA

Not Listed for Sale

MultiFamily

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