NOT LISTED FOR SALE

Estimated Value: $668,000 - $1,001,669

5 Beds
3 Baths
2,352 Sq Ft
$344/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $608,000 $259 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,854/month

7 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Modern Architecture
  • Neighborhood Views
  • Fireplace in Kitchen
  • No HOA
  • Living Room

About This Home

As of March 2018

These units are a great investment for a first time investor or a seasoned investor looking for solid returns. The property is composed of 3 units, two of the units have two bedrooms and one bath, the third unit has 1 bedroom and 1 bath. The complex is within close proximity to Downtown Ontario's, shopping and restaurants. Buyer to complete their own due diligence in regards to all aspects of the property, including square footage, income, expenses and potential rents.

Last Agent to Sell the Property

MARTIN OLSON

REALTY ONE GROUP WEST License #01912292 Listed on: 03/02/2018

REALTY ONE GROUP WEST

Co-Listed By

CYNTHIA OLSON

REALTY ONE GROUP WEST License #01978854

Last Buyer's Agent

Chun Ip

Coldwell Banker Realty Pasadena License #01852039

Coldwell Banker Realty Pasadena

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 8,544 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Sprinkler System
  • Land Lease

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex
  • Modern Architecture
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,352 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Family Room with Fireplace
  • Living Room
  • Tile Flooring
  • Neighborhood Views

Kitchen

  • Electric Oven
  • Electric Range
  • Laminate Countertops
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Phone Available

Listing and Financial Details

  • Tenant pays for all utilities, electricity, water
  • Tax Lot 27
  • Tax Tract Number 1760
  • Assessor Parcel Number 1048411200000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,818
  • Pest Control $235
  • Trash Expense $960
  • Water Sewer Expense $1,322
  • New Taxes Expense $2,970
  • Operating Expense $2,516
  • Gross Income $30,000
  • Net Operating Income $27,484

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1322.00
  • Zoning: G1
  • Architectural Style: Modern
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 1048411200000
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Laminate Counters, Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Fireplace Features: Family Room, Kitchen
  • Levels: Two
  • Price Per Square Foot: 258.50
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Inside
  • Pest Control Expense: 235.00
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 8544.00
  • Lot Size Acres: 0.1961

Rental Info

  • Tenant Pays: All Utilities, Electricity, Water

Multi Family

  • Average1 Bed Area: 1100 Square Feet
  • Average Studio Area: 900 Square Feet
  • Gross Income: 30000.00
  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 1818.00
  • Lot Size Area: 8544.0000 Square Feet
  • Net Operating Income: 27484.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 2516.00
  • Rent Control: No
  • Total Actual Rent: 3100.00
  • Total Expenses: 2516.00

Tax Info

  • New Taxes Expense: 2970.00
  • Tax Census Tract: 15.01
  • Tax Lot: 27
  • Tax Tract Number: 1760

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2020
Sold by
Lee Kwok On and Lee Ka Po
Bought by
Lee Kwok On and Hui Ka Po
Current Estimated Value
$809,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,000
Outstanding Balance
$322,777
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$487,140

Purchase Details

Closed on
Apr 13, 2020
Sold by
Lee Kwok On and Hui Ka Po
Bought by
Lee Kwok On and Lee Ka Po

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,000
Outstanding Balance
$322,777
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$487,140

Purchase Details

Closed on
May 9, 2019
Sold by
Lee Kwok On and Lee Ka Po Hui
Bought by
The Lee Hui Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,800
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2018
Sold by
Lee Kwok On and Lee Ka Po Hui
Bought by
Lee Kwok On and Hui Ka Po

Purchase Details

Listed on
Mar 2, 2018
Closed on
Mar 26, 2018
Sold by
Hendon John V
Bought by
Lee Kwok On and Lee Ka Po Hui
Seller's Agent
MARTIN OLSON
REALTY ONE GROUP WEST
Buyer's Agent
Chun Ip
Coldwell Banker Realty Pasadena
List Price
$600,000
Sold Price
$608,000
Premium/Discount to List
$8,000
1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.76%

Purchase Details

Closed on
Sep 11, 2010
Sold by
Hendon John V
Bought by
Hendon John V and Hendon Nancy F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2010
Sold by
Hendon John V
Bought by
Hendon John V and Hendon Nancy F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2007
Sold by
Hendon Gary E
Bought by
Hendon Gary Eugene and Hendon Judith Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lee Kwok On -- Accommodation
Lee Kwok On -- Provident Title Company
The Lee Hui Family Trust -- Provident Title Company
Lee Kwok On -- Provident Title Company
Lee Kwok On -- Accommodation
Lee Kwok On $608,000 Chicago Title Company
Hendon John V -- Chicago Title Inland Empire
Hendon John V -- Multiple
Hendon Gary Eugene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Kwok On $363,000
Closed Lee Kwok On $364,800
Previous Owner Hendon John V $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2018 03/30/18 Sold $608,000 +1.3% $259 / Sq Ft
03/09/2018 03/09/18 Pending -- -- --
03/02/2018 03/02/18 For Sale $600,000 -- $255 / 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 $7,432 $691,800 $244,633 $447,167
2024 $7,432 $678,235 $239,836 $438,399
2023 $7,223 $664,936 $235,133 $429,803
2022 $7,127 $651,898 $230,523 $421,375
2021 $7,083 $639,116 $226,003 $413,113
2020 $6,959 $632,563 $223,686 $408,877
2019 $6,899 $620,160 $219,300 $400,860
2018 $3,141 $279,333 $50,465 $228,868
2017 $3,029 $273,855 $49,475 $224,380
2016 $2,909 $268,485 $48,505 $219,980
2015 $2,890 $264,452 $47,776 $216,676
2014 $2,800 $259,272 $46,840 $212,432
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18045341

California Regional Multiple Listing Service (CRMLS)

APN: 1048-411-20