NOT LISTED FOR SALE

810 E Cedar St Ontario, CA 91761

Downtown Ontario Neighborhood

Estimated Value: $1,530,000 - $1,798,000

9 Beds
8 Baths
3,937 Sq Ft
$421/Sq Ft Est. Value

Sale Details

Date Sold: March 14, 2019

Last sale price $1,050,000 $267 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $9,925 / mo

131 Days on Market

Highlights

  • No Units Above
  • Contemporary Architecture
  • Lawn
  • Mountain View
  • Property is near public transit
  • 2-minute walk to South Bon View Park

About This Home

As of March 2019

all wood/termite repairs and fumigation were completed 1st week of Dec. 2018 and brand new roof was installed week of Dec. 10th - Dec. 14th 2018 Also, 3 of the 4 tenants have been occupying since 2003-very stable income-seller is retiring and moving out of state-great investment opportunity!

Last Agent to Sell the Property

Virginia De La Mora

Century 21 Masters License #00973084 Listed on: 10/06/2018

Century 21 Masters

Last Buyer's Agent

Chandra Kusmanto

Exp Realty of California Inc License #01714745

Exp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 10,890 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • West Facing Home
  • Rectangular Lot
  • Level Lot
  • Lawn

Parking

  • 8 Car Garage

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Apartment
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,937 Sq Ft Home
  • 2-Story Property
  • Blinds

Kitchen

  • Gas Cooktop
  • Disposal

Flooring

  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 13268
  • Assessor Parcel Number 1050544060000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $900
  • Insurance Expense $1,309
  • Other Expense $144
  • Trash Expense $1,800
  • Water Sewer Expense $5,400
  • New Taxes Expense $13,125
  • Operating Expense $22,678
  • Gross Income $66,900
  • Net Operating Income $44,222

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0.25 Acres

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 4.08
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 5400.00
  • Architectural Style: Contemporary
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 1050544060000
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet, Concrete, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 266.70
  • Room Type: All Bedrooms Up
  • Window Features: Blinds

Exterior Features

  • Direction Faces: West
  • Foundation: Slab
  • View: Mountain(s), Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • 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: No
  • Lot Features: Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 66900.00
  • Gross Scheduled Income: 66900.00
  • Insurance Expense: 1309.00
  • Lot Size Area: 10890.0000 Square Feet
  • Net Operating Income: 44222.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Range: 3
  • Operating Expense: 22678.00
  • Other Expense: 144.00
  • Other Expense Description: Inspect
  • Rent Control: No
  • Total Actual Rent: 5575.00
  • Total Expenses: 22678.00

Tax Info

  • New Taxes Expense: 13125.00
  • Tax Census Tract: 18.10
  • Tax Lot: 6
  • Tax Tract Number: 13268

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2018
Closed on
Feb 15, 2019
Sold by
Carroll Lester Marvin and Family Trust Of Lester Marvin
Bought by
Valentine Ca Llc
Seller's Agent
Virginia De La Mora
Century 21 Masters
Buyer's Agent
Chandra Kusmanto
Exp Realty of California Inc
List Price
$1,075,000
Sold Price
$1,050,000
Premium/Discount to List
-$25,000
-2.33%
Current Estimated Value
$1,658,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$608,558
Avg. Annual Appreciation
6.67%
Original Mortgage
$535,000
Outstanding Balance
$469,402
Interest Rate
4.4%
Mortgage Type
Seller Take Back
Estimated Equity
$1,189,156

Purchase Details

Closed on
Dec 17, 2016
Sold by
Carroll Lester
Bought by
Carroll Lester Marvin and Family Trust Of Lester Marvin

Purchase Details

Closed on
Nov 11, 2016
Sold by
Carroll Susan
Bought by
Carroll Lester

Purchase Details

Closed on
May 15, 2013
Sold by
Carroll Lester Marvin
Bought by
Carroll Lester Marvin and Carroll Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,100
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2005
Sold by
Carroll Lester Marvin
Bought by
Carroll Lester Marvin and Family Trust Of Lester Marvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,550
Interest Rate
5.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2005
Sold by
Carroll Lester Marvin
Bought by
Carroll Lester Marvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,550
Interest Rate
5.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2003
Sold by
The Family Tr Of Lester Marvin Carroll
Bought by
Carroll Lester Marvin and Family Trust Of Lester Marvin

Purchase Details

Closed on
Feb 12, 2003
Sold by
Carroll Lester Marvin
Bought by
Family Trust Of Lester Marvin Carroll

Purchase Details

Closed on
Nov 20, 2002
Sold by
Chen Cheng Hai
Bought by
Carroll Lester Marvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
5.83%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Valentine Ca Llc $1,050,000 Chicago Title Company
Carroll Lester Marvin -- None Available
Carroll Lester -- None Available
Carroll Lester Marvin -- Old Republic Title Company
Carroll Lester Marvin -- --
Carroll Lester Marvin -- Commonwealth Title
Carroll Lester Marvin -- --
Family Trust Of Lester Marvin Carroll -- First American
Carroll Lester Marvin $405,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valentine Ca Llc $535,000
Previous Owner Carroll Lester Marvin $401,100
Previous Owner Carroll Lester Marvin $340,550
Previous Owner Carroll Lester Marvin $324,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2019 03/14/19 Sold $1,050,000 -2.3% $267 / Sq Ft
02/24/2019 02/24/19 For Sale $1,075,000 +2.4% $273 / Sq Ft
02/14/2019 02/14/19 Pending -- -- --
02/04/2019 02/04/19 Off Market $1,050,000 -- --
02/03/2019 02/03/19 Pending -- -- --
10/06/2018 10/06/18 For Sale $1,075,000 -- $273 / 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 $12,861 $1,171,295 $295,612 $875,683
2024 $13,121 $1,148,329 $289,816 $858,513
2023 $12,215 $1,125,812 $284,133 $841,679
2022 $12,054 $1,103,737 $278,562 $825,175
2021 $11,980 $1,082,095 $273,100 $808,995
2020 $11,769 $1,071,000 $270,300 $800,700
2019 $5,861 $525,835 $149,311 $376,524
2018 $5,780 $515,524 $146,383 $369,141
2017 $5,573 $505,416 $143,513 $361,903
2016 $5,353 $495,506 $140,699 $354,807
2015 $5,317 $488,063 $138,586 $349,477
2014 $5,151 $478,502 $135,871 $342,631
Source: Public Records

Agents Affiliated with this Home

  • Virginia De La Mora

    Seller's Agent in 2019

    Virginia De La Mora

    Century 21 Masters

    (909) 947-0770

    3 in this area

    50 Total Sales

    Virginia De La Mora
    Section Image
  • Chandra Kusmanto

    Buyer's Agent in 2019

    Chandra Kusmanto

    Exp Realty of California Inc

    (626) 675-9003

    1 in this area

    60 Total Sales

    Chandra Kusmanto
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18243456

California Regional Multiple Listing Service (CRMLS)

APN: 1050-544-06

California San Bernardino County Ontario 91761 Downtown Ontario

810 E Cedar St, Ontario, CA

Not Listed for Sale

MultiFamily

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