NOT LISTED FOR SALE

Estimated Value: $741,000 - $884,713

6 Beds
3 Baths
2,346 Sq Ft
$352/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $480,000 $205 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,799/month

35 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of October 2016

BACK ON THE MARKET!!! BACK ON THE MARKET!!!
We are pleased to exclusively present three well maintained units situated in a strong rental area in the city of Ontario. This is a pride of ownership property with great curb appeal and an excellent school district. This 4 multi-family building property consists of three units including three two-bedroom/one-bathroom units and separate garage building. The building offers three individual garages, one for each unit, with a personal storage area inside each garage unit. The property has a low operating expense for insurance, landscaping and general maintenance. Each unit has indoor built-in washer and dryer connections. The spacious two bedroom/one-bathroom units have ceiling fans and air condition wall units. Each unit has separate gas and electrical meters.
This rare investment offering is ideal for an investor who is pursuing a low maintenance, stabilized property in a historical low vacancy area. The property has a strong potential for future appreciation in value in one of the most desirable cities in the West Inland Empire

Last Agent to Sell the Property

Alex Carmona

PAK Home Realty License #01510760 Listed on: 08/30/2016

Last Buyer's Agent

SAM LEE

California Landmark Realty Inc License #01404313

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 7,965 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • 2,346 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 15
  • Assessor Parcel Number 1048403140000

Community Details

Overview

  • 3 Buildings
  • 2,503 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,250

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Property Type: Residential Income
  • Parcel Number: 1048403140000
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 204.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 7965.00
  • Price Per Lot Square Foot: 59.64

Multi Family

  • Gross Income: 3250.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2503
  • Rent Control: No

Tax Info

  • Tax Lot: 18
  • Tax Tract Number: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2021
Sold by
Brooks Michael I and Brooks Ling
Bought by
Lingcal Holdings Llc
Current Estimated Value
$825,678

Purchase Details

Listed on
Aug 30, 2016
Closed on
Oct 25, 2016
Sold by
Carmona Rosa Maria Arroyo
Bought by
Brooks Michael I and Brooks Ling
Seller's Agent
Alex Carmona
PAK Home Realty
Buyer's Agent
SAM LEE
California Landmark Realty Inc
List Price
$475,000
Sold Price
$480,000
Premium/Discount to List
$5,000
1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$336,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2012
Sold by
Carmona Arturo
Bought by
Carmona Rosa Maria Arroyo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,502
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 6, 2010
Sold by
Lopez Jorge
Bought by
Arroyo Rosa Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,146
Interest Rate
4.48%
Mortgage Type
FHA

Purchase Details

Closed on
May 10, 2006
Sold by
Mendoza Alfredo
Bought by
Lopez Jorge and Lopez Obdulia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.63%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 18, 1994
Sold by
Desousa Adelino M A
Bought by
Mendoza Alfredo Lopez and Mendoza Beatrice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
8.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 11, 1994
Sold by
Capparelli Edward Anthony
Bought by
Desousa Adelino M A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,320
Interest Rate
7.79%
Mortgage Type
Seller Take Back
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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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
Lingcal Holdings Llc -- None Available
Brooks Michael I $480,000 Chicago Title
Carmona Rosa Maria Arroyo -- Accommodation
Carmona Rosa Maria Arroyo -- Accommodation
Arroyo Rosa Maria $290,000 Lawyers Title
Lopez Jorge $610,000 Stewart Title Company
Mendoza Alfredo Lopez -- Commonwealth Land Title
Desousa Adelino M A $138,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brooks Michael I $336,000
Previous Owner Carmona Rosa Maria Arroyo $280,502
Previous Owner Arroyo Rosa Maria $286,146
Previous Owner Lopez Jorge $30,000
Previous Owner Lopez Jorge $480,000
Previous Owner Mendoza Alfredo Lopez $15,000
Previous Owner Desousa Adelino M A $110,320
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2016 10/28/16 Sold $480,000 +1.1% $205 / Sq Ft
08/30/2016 08/30/16 For Sale $475,000 -1.0% $202 / Sq Ft
08/22/2016 08/22/16 Off Market $480,000 -- --
08/19/2016 08/19/16 For Sale $475,000 -- $202 / 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 $6,130 $557,082 $116,058 $441,024
2024 $5,990 $546,158 $113,782 $432,376
2023 $5,822 $535,449 $111,551 $423,898
2022 $5,745 $524,950 $109,364 $415,586
2021 $5,710 $514,657 $107,220 $407,437
2020 $5,609 $509,380 $106,121 $403,259
2019 $5,561 $499,392 $104,040 $395,352
2018 $5,485 $489,600 $102,000 $387,600
2017 $5,288 $480,000 $100,000 $380,000
2016 $3,613 $313,856 $81,169 $232,687
2015 $3,590 $309,142 $79,950 $229,192
2014 $3,485 $303,086 $78,384 $224,702
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG16183241

California Regional Multiple Listing Service (CRMLS)

APN: 1048-403-14