NOT LISTED FOR SALE

806 E Richland St Ontario, CA 91764

Estimated Value: $989,000 - $1,240,000

2 Beds
1 Bath
3,432 Sq Ft
$329/Sq Ft Est. Value

Last Sold April 11, 2013

Last sale price $415,000 $121 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $6,359/month

30 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Ceiling Fan
  • End Unit
  • Laundry Room
  • Carpet

About This Home

As of April 2013

GREAT VALUE FOR THIS 4 UNIT COMPLEX LOCATED IN ONTARIO NORTH OF THE 10 FWY. EACH UNIT IS 2 BEDROOM 1 BATH. THERE IS A LAUNDRY ROOM AND A 4 CARPORT WITH PLENTY OF OTHER PARKING. IF YOU ARE LOOKING TO TAKE ADVANTAGE OF THE MARKET THIS IS THE ONE TO LOOK AT. GET YOUR CASH READY!!! DON'T LET THIS INVESTMENT PASS YOU BY.

Last Agent to Sell the Property

Sean Reid

Century 21 Masters License #01295012 Listed on: 01/30/2013

Century 21 Masters

Last Buyer's Agent

Del Lindgren

Home Town Realty License #00297140

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,298 Sq Ft Lot
  • End Unit
  • Brick Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Colonial Architecture
  • Property Attached

Interior Spaces

  • 3,432 Sq Ft Home
  • Ceiling Fan
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 6 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, insurance
  • Tax Lot 1
  • Tax Tract Number 5557
  • Assessor Parcel Number 1047201020000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $650
  • Insurance Expense $720
  • Trash Expense $150
  • Water Sewer Expense $150
  • Gross Income $3,560
  • Net Operating Income $21,139

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.50
  • Property Attached: Yes
  • Water Sewer Expenses: 150.00
  • Architectural Style: Colonial
  • Property Type: Residential Income
  • Parcel Number: 1047201020000
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: End Unit
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 120.92

Exterior Features

  • Fencing: Brick
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Trash Expense: 150.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6298.00
  • Lot Size Acres: 0.1450

Rental Info

  • Tenant Pays: Cable TV, Electricity, Insurance

Multi Family

  • Average1 Bed Area: 860
  • Average2 Bed Area: 860
  • Average3 Bed Area: 860
  • Average Studio Area: 860
  • Electric Expense: 650.00
  • Gross Income: 3560.00
  • Gross Multiplier: 11.00
  • Gross Scheduled Income: 42720.00
  • Insurance Expense: 720.00
  • Lot Size Area: 6298.0000 Square Feet
  • Net Operating Income: 21139.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 32940.00
  • Rent Control: No

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 5557
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2022
Sold by
Saw Keat S and Saw Stew L
Bought by
Kt Investment And Management Llc
Current Estimated Value
$1,129,470

Purchase Details

Listed on
Jan 30, 2013
Closed on
May 9, 2013
Sold by
Saw Keat S
Bought by
Kt Investment & Management Llc
Seller's Agent
Sean Reid
Century 21 Masters
Buyer's Agent
Del Lindgren
Home Town Realty
List Price
$465,000
Sold Price
$415,000
Premium/Discount to List
-$50,000
-10.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.17%

Purchase Details

Listed on
Jan 30, 2013
Closed on
Mar 8, 2013
Sold by
Fields Renee J
Bought by
Saw Keat S and Ooi Siew L
Seller's Agent
Sean Reid
Century 21 Masters
Buyer's Agent
Del Lindgren
Home Town Realty
List Price
$465,000
Sold Price
$415,000
Premium/Discount to List
-$50,000
-10.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2009
Sold by
Joren Limited Partnership
Bought by
Fields Richard L and Fields Renee J

Purchase Details

Closed on
Jul 19, 2005
Sold by
Fields Richard L
Bought by
Joren Lp

Purchase Details

Closed on
May 6, 2004
Sold by
Fields Richard L
Bought by
Fields Richard L and Fields Family Trust

Purchase Details

Closed on
May 11, 2001
Sold by
Fields Renee J
Bought by
Fields Richard L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
7.06%

Purchase Details

Closed on
Jul 9, 1998
Sold by
Fields Renee Juanita
Bought by
Fields Richard L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
6.95%

Purchase Details

Closed on
Jun 4, 1998
Sold by
Pack Kenneth W and Pack Janet P
Bought by
Fields Richard L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
6.95%
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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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
Kt Investment And Management Llc -- None Listed On Document
Kt Investment & Management Llc -- Accommodation
Saw Keat S $415,000 Ticor Title
Fields Richard L -- None Available
Joren Lp -- First American Title Ins Co
Fields Richard L -- --
Fields Richard L -- Fidelity National Title
Fields Richard L -- First American Title Ins Co
Fields Richard L $152,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saw Keat S $311,250
Previous Owner Fields Richard L $146,250
Previous Owner Fields Richard L $121,600
Closed Fields Richard L $15,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2013 04/11/13 Sold $415,000 -10.8% $121 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
01/30/2013 01/30/13 For Sale $465,000 -- $135 / 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 $5,506 $511,042 $172,400 $338,642
2024 $5,506 $501,022 $169,020 $332,002
2023 $5,351 $491,198 $165,706 $325,492
2022 $5,280 $481,567 $162,457 $319,110
2021 $5,247 $472,125 $159,272 $312,853
2020 $5,155 $467,284 $157,639 $309,645
2019 $5,111 $458,122 $154,548 $303,574
2018 $5,040 $449,140 $151,518 $297,622
2017 $4,860 $440,333 $148,547 $291,786
2016 $4,668 $431,699 $145,634 $286,065
2015 $4,637 $425,214 $143,446 $281,768
2014 $4,492 $416,885 $140,636 $276,249
Source: Public Records

Agents Affiliated with this Home

  • Sean Reid

    Seller's Agent in 2013

    Sean Reid

    Century 21 Masters

    (951) 258-5162

    39 Total Sales

    Sean Reid
    Section Image

  • D

    Buyer's Agent in 2013

    Del Lindgren

    Home Town Realty

    (562) 243-0385

    4 Total Sales

    Del Lindgren
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR13012759

California Regional Multiple Listing Service (CRMLS)

APN: 1047-201-02

California San Bernardino County Ontario 91764

806 E Richland St, Ontario, CA

Not Listed for Sale

MultiFamily

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