$1,155,000
SOLD APR 16, 2025

820 E Richland St Ontario, CA 91764

8 Beds
4 Baths
3,432 Sq Ft
9,079 Sq Ft Lot

Recently Sold

$337 Per Sq Ft

23% Below List Price

325 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • No HOA
  • Living Room
  • Tile Flooring

About This Home

As of April 2025

Price Improvement!! This great Quadruplex property offers a great investment opportunity with its four units that each have 2 bedrooms and 1 bath each. Each unit also has a 1 car garage! This property includes a coin operated laundry room for all the tenants to use. The exterior has just been painted! The roof is newer and is only 2 years old. All units are rented and on a month to month. New landscaping just put in. Located with easy access to the freeway this property is also conveniently situated near plenty of shopping and restaurants, making it an attractive option for tenants. This rental income offers the potential for a steady income and a solid return on your investment. Don't miss out on this opportunity to add a high-performing property to your portfolio.

Last Agent to Sell the Property

Doreen Orabona

REALTY WORLD ALL STARS Brokerage Phone: 909-816-7879 License #01205893 Listed on: 04/02/2024

REALTY WORLD ALL STARS

Co-Listed By

Kim Pelletier

REALTY WORLD ALL STARS Brokerage Phone: 909-816-7879 License #01880231

Last Buyer's Agent

Ramiro Regalado

EXCELLENCE RELIABLE BROKERS License #01184679

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,666

Year Built

  • Built in 1963

Lot Details

  • 9,079 Sq Ft Lot
  • 1 Common Wall

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Quadruplex
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,432 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laundry Room

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 5557
  • Assessor Parcel Number 1047201040000
  • $157 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,677
  • Professional Management Expense $3,864
  • Water Sewer Expense $2,700
  • Operating Expense $9,441
  • Gross Income $63,639
  • Net Operating Income $5,667

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,666

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 299750
  • Professional Management Expense: 3864.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2700.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 1047201040000
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: ground/upstairs
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 336.54
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater Central
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9079.00
  • Lot Size Acres: 0.2084

Rental Info

  • Tenant Pays: Electricity, Gas, Other

Multi Family

  • Average2 Bed Area: 858 Square Feet
  • Gross Income: 63639.00
  • Gross Scheduled Income: 73080.00
  • Insurance Expense: 1677.00
  • Lot Size Area: 9079.0000 Square Feet
  • Net Operating Income: 5667.44
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Operating Expense: 422.56
  • Rent Control: No
  • Total Actual Rent: 6090.00
  • Total Expenses: 9441.00

Tax Info

  • Tax Census Tract: 13.05
  • Tax Lot: 4
  • Tax Tract Number: 5557
  • TaxOtherAnnualAssessmentAmount: 157.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2024
Closed on
Mar 18, 2025
Sold by
Elmaleh Haim
Bought by
Campos Victor Manuel Nogue and Nogueda Viridiana
Seller's Agent
Doreen Orabona
REALTY WORLD ALL STARS
Buyer's Agent
Ramiro Regalado
EXCELLENCE RELIABLE BROKERS
List Price
$1,500,000
Sold Price
$1,155,000
Premium/Discount to List
-$345,000
-23%
Views
245
Current Estimated Value
$1,158,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,233
Avg. Annual Appreciation
0.70%
Original Mortgage
$655,000
Outstanding Balance
$653,272
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$504,961
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,155,000 Usa National Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $655,000 New Conventional
Closed $655,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2025 04/16/25 Sold $1,155,000 -3.7% $337 / Sq Ft
02/21/2025 02/21/25 Pending -- -- --
12/16/2024 12/16/24 Price Changed $1,199,000 -4.1% $349 / Sq Ft
09/10/2024 09/10/24 Price Changed $1,250,000 -9.1% $364 / Sq Ft
06/16/2024 06/16/24 Price Changed $1,375,000 -8.3% $401 / Sq Ft
04/02/2024 04/02/24 For Sale $1,500,000 -- $437 / 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 $1,666 $152,137 $44,411 $107,726
2024 $1,666 $149,154 $43,540 $105,614
2023 $1,619 $146,229 $42,686 $103,543
2022 $1,598 $143,362 $41,849 $101,513
2021 $1,587 $140,551 $41,028 $99,523
2020 $1,560 $139,110 $40,607 $98,503
2019 $1,547 $136,383 $39,811 $96,572
2018 $1,525 $133,708 $39,030 $94,678
2017 $1,471 $131,087 $38,265 $92,822
2016 $1,414 $128,517 $37,515 $91,002
2015 $1,404 $126,586 $36,951 $89,635
2014 $1,360 $124,106 $36,227 $87,879
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24065367

California Regional Multiple Listing Service (CRMLS)

APN: 1047-201-04