NOT LISTED FOR SALE

741 Corvette Dr Ontario, CA 91764

Estimated Value: $910,000 - $1,580,000

10 Beds
6 Baths
3,989 Sq Ft
$346/Sq Ft Est. Value

Last Sold January 30, 2025

Last sale price $1,470,000 $369 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $7,513/month

29 Days on Market

About This Home

As of January 2025

Fully occupied 4 units apartment located between Haven Ave and Archibald Blvd. Each unit have their own entrance front door and two cars attached garage with remote opening. #1 and #4 recently remodeled with waterproof vinyl wood floor. new bath cabinet and crystal counter top. updated kitchen with granite counter top. tile concrete roof. North or freeway 10, close to Ontario airport.

Last Agent to Sell the Property

Ingrid Huang

UPCITY GROUP Brokerage Email: UPCITYGROUP@GMAIL.COM License #01056314 Listed on: 10/16/2024

Last Buyer's Agent

Gin Kazla

Real Estate Ebroker Inc License #01522411

Real Estate Ebroker Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 9,956 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,989 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 13217
  • Assessor Parcel Number 0210411260000
  • $221 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,900
  • Insurance Expense $3,234
  • Trash Expense $2,700
  • Water Sewer Expense $3,100
  • Operating Expense $10,934
  • Net Operating Income $84,526

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

8

Listing Details

  • CapRate: 5.38
  • Property Attached: No
  • Water Sewer Expenses: 3100.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1900.00
  • Parcel Number: 0210411260000
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Price Per Square Foot: 368.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 2700.00
  • Water Source: Public
  • Cooling: Central Air
  • 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: 2-5 Units/Acre
  • Lot Size Sq Ft: 9956.00
  • Lot Size Acres: 0.2286

Multi Family

  • Gross Multiplier: 16.45
  • Gross Scheduled Income: 95460.00
  • Insurance Expense: 3234.00
  • Lot Size Area: 9956.0000 Square Feet
  • Net Operating Income: 84526.00
  • 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: 4
  • Operating Expense: 10934.00
  • Rent Control: No
  • Total Actual Rent: 7955.00
  • Total Expenses: 10934.00

Tax Info

  • Tax Census Tract: 21.09
  • Tax Lot: 7
  • Tax Tract Number: 13217
  • TaxOtherAnnualAssessmentAmount: 221.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2024
Closed on
Jan 28, 2025
Sold by
Rosario Maritza Yvette Rugley
Bought by
Rugley Michael Todd
Seller's Agent
Ingrid Huang
UPCITY GROUP
Buyer's Agent
Gin Kazla
Real Estate Ebroker Inc
List Price
$1,570,000
Sold Price
$1,470,000
Premium/Discount to List
-$100,000
-6.37%
Views
32
Current Estimated Value
$1,381,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$88,250
Avg. Annual Appreciation
-6.00%
Original Mortgage
$997,500
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 16, 2024
Closed on
Dec 11, 2024
Sold by
Lin Richard K and Lin Doris Mao
Bought by
Rugley Michael Todd
Seller's Agent
Ingrid Huang
UPCITY GROUP
Buyer's Agent
Gin Kazla
Real Estate Ebroker Inc
List Price
$1,570,000
Sold Price
$1,470,000
Premium/Discount to List
-$100,000
-6.37%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$997,500
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2016
Sold by
Lin Jui Kuang and Lin Grace
Bought by
Lin Richard K and Lin Doris Mao

Purchase Details

Closed on
Mar 13, 1998
Sold by
Federal National Mortgage Association
Bought by
Lin Jui Kuang and Lin Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,500
Interest Rate
7.15%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 29, 1998
Sold by
Scheonarine Harry C and Scheonarine Bibi Z
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,500
Interest Rate
7.15%
Mortgage Type
Seller Take Back
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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Purchase History

Date Buyer Sale Price Title Company
Rugley Michael Todd -- Western Resources Title
Rugley Michael Todd $1,470,000 Western Resources Title
Lin Richard K -- None Available
Lin Jui Kuang $230,000 Fidelity National Title Ins
Federal National Mortgage Association $235,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rugley Michael Todd $997,500
Previous Owner Lin Jui Kuang $195,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2025 01/30/25 Sold $1,470,000 -6.4% $369 / Sq Ft
01/02/2025 01/02/25 For Sale $1,570,000 0.0% $394 / Sq Ft
11/15/2024 11/15/24 Pending -- -- --
11/03/2024 11/03/24 Price Changed $1,570,000 -1.3% $394 / Sq Ft
10/16/2024 10/16/24 For Sale $1,590,000 -- $399 / 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 $3,878 $360,579 $94,063 $266,516
2024 $3,773 $353,509 $92,219 $261,290
2023 $3,686 $346,578 $90,411 $256,167
2022 $3,618 $339,782 $88,638 $251,144
2021 $3,585 $333,120 $86,900 $246,220
2020 $3,521 $329,704 $86,009 $243,695
2019 $3,512 $323,240 $84,323 $238,917
2018 $3,424 $316,902 $82,670 $234,232
2017 $3,298 $310,688 $81,049 $229,639
2016 $3,255 $304,596 $79,460 $225,136
2015 $3,232 $300,020 $78,266 $221,754
2014 $3,134 $294,143 $76,733 $217,410
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2025

    Ingrid Huang

    UPCITY GROUP

    (909) 484-7999

    5 Total Sales

    Ingrid Huang
    Section Image

  • G

    Buyer's Agent in 2025

    Gin Kazla

    Real Estate Ebroker Inc

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24209804

California Regional Multiple Listing Service (CRMLS)

APN: 0210-411-26

California San Bernardino County Ontario 91764

741 Corvette Dr, Ontario, CA

Not Listed for Sale

MultiFamily

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