NOT LISTED FOR SALE

768 E Richland St Ontario, CA 91764

Estimated Value: $1,098,000 - $1,298,000

8 Beds
4 Baths
3,432 Sq Ft
$340/Sq Ft Est. Value

Last Sold October 21, 2015

Last sale price $585,000 $170 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $6,723/month

43 Days on Market

About This Home

As of October 2015

****MUST SEE***** Great Investment Property!. One Building with 4 units. Each unit has 2 bedrooms 1 bath. Good location few minutes from Downtown Upland..

Last Agent to Sell the Property

Roberto Flores

RE/MAX CHAMPIONS License #01831271 Listed on: 07/12/2015

RE/MAX CHAMPIONS

Last Buyer's Agent

Mario Savan

West Coast Team Realty License #00942699

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,432 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5557
  • Assessor Parcel Number 1047201010000

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,350
  • Trash Expense $1,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $4,778
  • Gross Income $4,075
  • Net Operating Income $44,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 1047201010000
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 170.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11649.00
  • Price Per Lot Square Foot: 50.22
  • Lot Size Acres: 0.2670

Multi Family

  • Gross Income: 4075.00
  • Gross Scheduled Income: 48900.00
  • Insurance Expense: 2350.00
  • Lot Size Area: 11649.0000 Square Feet
  • Net Operating Income: 44400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 4500.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4778.00
  • Tax Lot: 1
  • Tax Tract Number: 5557

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2022
Sold by
Santos Darrell and Santos Shiela
Bought by
Darrell And Shiela Santos Family Trust and Santos
Current Estimated Value
$1,166,969

Purchase Details

Listed on
Jul 12, 2015
Closed on
Oct 15, 2015
Sold by
Sanchez Ruben Lomeli
Bought by
Santos Darrell and Santos Shiela
Seller's Agent
Roberto Flores
RE/MAX CHAMPIONS
Buyer's Agent
Mario Savan
West Coast Team Realty
List Price
$580,000
Sold Price
$585,000
Premium/Discount to List
$5,000
0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$438,750
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2014
Sold by
Sanchez Ruben Lomeli
Bought by
Sanchez Ruben Lomeli and Lomeli Susana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2004
Sold by
Sanchez Ruben Lomeli
Bought by
Sanchez Ruben Lomeli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2002
Sold by
Lomeli Susana
Bought by
Lomeli Ruben and Ocegueda Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,350
Interest Rate
5.99%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 20, 2002
Sold by
Dresch Arthur Derran
Bought by
Lomeli Ruben and Ocegueda Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,350
Interest Rate
5.99%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 5, 2001
Sold by
Chan King Ling
Bought by
Dresch Arthur Derran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,800
Interest Rate
7.19%

Purchase Details

Closed on
Nov 16, 2000
Sold by
Old Kent Mtg Services Inc
Bought by
Hud

Purchase Details

Closed on
Apr 10, 2000
Sold by
Gomero Alberto
Bought by
Old Kent Mtg Company and National Pacific Mtg Corp

Purchase Details

Closed on
Jun 24, 1998
Sold by
Pack Kenneth W and Pack Janet P
Bought by
Gomero Alberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,988
Interest Rate
6.9%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Darrell And Shiela Santos Family Trust -- None Listed On Document
Santos Darrell $585,000 First American Title Company
Sanchez Ruben Lomeli -- First American Title Company
Sanchez Ruben Lomeli -- Financial Title Company
Lomeli Ruben -- Investors Title
Lomeli Ruben $376,000 Investors Title
Dresch Arthur Derran -- Chicago Title Co
Dresch Arthur Derran $191,000 Chicago Title Co
Hud -- American Title
Old Kent Mtg Company $170,338 American Title
Gomero Alberto $157,000 Northern Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Santos Darrell $438,750
Previous Owner Sanchez Ruben Lomeli $297,000
Previous Owner Sanchez Ruben Lomeli $364,000
Previous Owner Lomeli Ruben $56,350
Previous Owner Lomeli Ruben $300,700
Previous Owner Dresch Arthur Derran $152,800
Previous Owner Gomero Alberto $153,988
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2015 10/21/15 Sold $585,000 +0.9% $170 / Sq Ft
08/24/2015 08/24/15 Pending -- -- --
07/12/2015 07/12/15 For Sale $580,000 -- $169 / 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 $7,447 $692,520 $236,760 $455,760
2024 $7,447 $678,942 $232,118 $446,824
2023 $7,238 $665,630 $227,567 $438,063
2022 $7,142 $652,579 $223,105 $429,474
2021 $7,098 $639,783 $218,730 $421,053
2020 $6,973 $633,223 $216,487 $416,736
2019 $6,913 $620,807 $212,242 $408,565
2018 $6,818 $608,634 $208,080 $400,554
2017 $6,573 $596,700 $204,000 $392,700
2016 $4,965 $459,340 $207,735 $251,605
2015 $4,931 $452,441 $204,615 $247,826
2014 $4,778 $443,578 $200,607 $242,971
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV15152271

California Regional Multiple Listing Service (CRMLS)

APN: 1047-201-01