NOT LISTED FOR SALE

Estimated Value: $883,000 - $1,443,000

9 Beds
5 Baths
3,555 Sq Ft
$328/Sq Ft Est. Value

Last Sold January 22, 2014

Last sale price $603,000 $170 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $6,821/month

56 Days on Market

About This Home

As of January 2014

The subject property is a 4 unit with a Front house of 3 bed/2 bath built in 1948. This front unit has its own yard and driveway for cars. The rear units are built in 1985 with all 2 bed/1 bath units and 3 individual garages for them in the rear. Utilities are separately metered for gas and electricity. All units have washer and dryer hook ups available for tenants. Recently passed City Inspection. Located near downtown Ontario and close to 60 and 10 fwy. Ideal property for beginning investor or owner occupied.

Last Agent to Sell the Property

Judy Lee

EXP REALTY OF CALIFORNIA INC License #01857034 Listed on: 11/22/2013

EXP REALTY OF CALIFORNIA INC

Co-Listed By

Carlos Skubacz

RE/MAX 2000 Realty License #01474295

Last Buyer's Agent

James Y. Kuang

Standard Prosperity License #01906627

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,946

Year Built

  • Built in 1928

Lot Details

  • 8,496 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 3,555 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 33
  • Tax Tract Number 15
  • Assessor Parcel Number 1048412100000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $1,200
  • Water Sewer Expense $3,800
  • New Taxes Expense $7,813
  • Gross Income $4,240
  • Net Operating Income $37,587

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,946

Year Built

Built in 1928

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 6.01
  • Other Phone Description: Carlos Skubacz
  • Other Phone Number: 714-290-0936
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3800.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 1048412100000
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 169.62

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8496.00
  • Lot Size Acres: 0.1950

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 837
  • Average3 Bed Area: 1044
  • Gross Income: 4240.00
  • Gross Multiplier: 12.28
  • Gross Scheduled Income: 50880.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8496.0000 Square Feet
  • Net Operating Income: 37587.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13293.00
  • Rent Control: No
  • Total Actual Rent: 4240.00

Tax Info

  • New Taxes Expense: 7813.00
  • Tax Lot: 33
  • Tax Tract Number: 15.01
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2015
Sold by
Liu Hua Hui Leon
Bought by
Liu Family Trust
Current Estimated Value
$1,164,999

Purchase Details

Closed on
Apr 24, 2015
Sold by
Liu Hua Hui Leon
Bought by
Liu Hua Hui Leon and Liu Emily Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$230,862
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$934,137

Purchase Details

Listed on
Nov 22, 2013
Closed on
Dec 23, 2013
Sold by
Salvati Gary
Bought by
Liu Hua Hui Leon and Liu Emily Zhu
Seller's Agent
Judy Lee
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
James Y. Kuang
Standard Prosperity
List Price
$625,000
Sold Price
$603,000
Premium/Discount to List
-$22,000
-3.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.78%
Original Mortgage
$303,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2006
Sold by
Salvati Gary
Bought by
Salvati Gary and Castro Salvati Marissa B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2004
Sold by
Mckinnon Lessley
Bought by
Salvati Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,900
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2004
Sold by
Mckinnon Christine G
Bought by
Mckinnon Lessley and Mckinnon Christine G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,900
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2001
Sold by
Mckinnon Christine G
Bought by
Mckinnon Christine G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,700
Interest Rate
6.91%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Liu Family Trust -- None Available
Liu Hua Hui Leon -- Chicago Title Co
Liu Hua Hui Leon $603,000 Advantage Title Inc
Salvati Gary -- Chicago Title Company
Salvati Gary $487,000 Southland Title Corporation
Salvati Gary -- Southland Title Corporation
Mckinnon Lessley -- Southland Title Corporation
Mckinnon Christine G -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Hua Hui Leon $300,000
Closed Liu Hua Hui Leon $303,000
Previous Owner Salvati Gary $445,000
Previous Owner Salvati Gary $340,900
Previous Owner Mckinnon Christine G $170,700
Closed Salvati Gary $97,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2014 01/22/14 Sold $603,000 -3.5% $170 / Sq Ft
12/16/2013 12/16/13 Pending -- -- --
10/21/2013 10/21/13 For Sale $625,000 -- $176 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $7,946 $739,196 $245,172 $494,024
2024 $7,946 $724,702 $240,365 $484,337
2023 $7,723 $710,492 $235,652 $474,840
2022 $7,621 $696,560 $231,031 $465,529
2021 $7,574 $682,902 $226,501 $456,401
2020 $7,441 $675,900 $224,179 $451,721
2019 $7,377 $662,647 $219,783 $442,864
2018 $7,275 $649,654 $215,474 $434,180
2017 $7,014 $636,916 $211,249 $425,667
2016 $6,737 $624,428 $207,107 $417,321
2015 $6,691 $564,828 $173,972 $390,856
2014 -- $553,764 $170,564 $383,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR13214839

California Regional Multiple Listing Service (CRMLS)

APN: 1048-412-10