NOT LISTED FOR SALE

844 E Elma St Ontario, CA 91764

Downtown Ontario Neighborhood

Estimated Value: $558,000 - $724,000

4 Beds
2 Baths
1,324 Sq Ft
$466/Sq Ft Est. Value

Last Sold September 05, 2014

Last sale price $305,000 $230 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $3,550/month

454 Days on Market

About This Home

As of September 2014

BACK ON THE MARKET - Two separate houses on a lot in high demand rental and convenient area of the City of Ontario. Each has 2 bedrooms 1 bath with good long term tenants. Great Investment Opportunity.

Last Agent to Sell the Property

Tanya Chen

IRN Realty License #01438953 Listed on: 06/17/2014

IRN Realty

Last Buyer's Agent

Rosie Chen

IRN Realty License #00871345

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 6,426 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 4 Parking Spaces

Home Design

  • 1,324 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Assessor Parcel Number 1048505090000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $540
  • Water Sewer Expense $2,731
  • New Taxes Expense $3,936
  • Gross Income $2,059
  • Net Operating Income $17,393

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2731.00
  • Property Type: Residential Income
  • Parcel Number: 1048505090000
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 230.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 6426.00
  • Lot Size Acres: 0.1480

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 750
  • Gross Income: 2059.00
  • Gross Scheduled Income: 24600.00
  • Insurance Expense: 540.00
  • Lot Size Area: 6426.0000 Square Feet
  • Net Operating Income: 17393.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 7207.00
  • Rent Control: No
  • Total Actual Rent: 2050.00

Tax Info

  • New Taxes Expense: 3936.00
  • Tax Lot: 2
  • Tax Tract Number: 602D7
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2014
Closed on
Sep 12, 2014
Sold by
Liu Yuh Mai
Bought by
Lam Nicholas
Seller's Agent
Tanya Chen
IRN Realty
Buyer's Agent
Rosie Chen
IRN Realty
List Price
$328,000
Sold Price
$305,000
Premium/Discount to List
-$23,000
-7.01%
Current Estimated Value
$617,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,366
Avg. Annual Appreciation
6.42%
Original Mortgage
$224,250
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 17, 2014
Closed on
Jul 16, 2014
Sold by
Wong Jason
Bought by
Lam Nicholas
Seller's Agent
Tanya Chen
IRN Realty
Buyer's Agent
Rosie Chen
IRN Realty
List Price
$328,000
Sold Price
$305,000
Premium/Discount to List
-$23,000
-7.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,250
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2009
Sold by
Dam Kim H
Bought by
Wong Jason

Purchase Details

Closed on
Mar 31, 2009
Sold by
Dam Jane
Bought by
Dam Kim H

Purchase Details

Closed on
Jan 16, 2009
Sold by
The Bank Of New York
Bought by
Dam Kim H and Chen Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,500
Interest Rate
5.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2008
Sold by
Vanegas David A
Bought by
The Bank Of New York and Cwalt Inc Alternative Loan Trust 2007-Hy

Purchase Details

Closed on
Aug 14, 2006
Sold by
Esquivias Hector
Bought by
Vanegas David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2006
Sold by
Plazola Maritza
Bought by
Vanegas David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
6.44%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 16, 2004
Sold by
Fontaine Paul L
Bought by
Esquivias Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 1996
Sold by
Helen Ann Owen Trust
Bought by
Fontaine Paul L and Fontaine Betty N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,850
Interest Rate
7.87%

Purchase Details

Closed on
Jul 15, 1995
Sold by
Hodge Edith B
Bought by
Helen Ann Owen Trust

Purchase Details

Closed on
Jun 9, 1995
Sold by
Hodge Edith B
Bought by
Lorette Ronald and Lorette Laurie
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
Lam Nicholas -- Pacific Coast Title
Lam Nicholas $299,000 Pacific Coast Title
Wong Jason $200,000 Fidelity National Title
Dam Kim H -- Landsafe Title
Chen Michael J -- Landsafe Title
Dam Kim H $204,000 Landsafe Title
The Bank Of New York $220,000 Landsafe
Vanegas David A $495,000 Commonwealth Land Title Co
Vanegas David A -- Commonwealth Land Title Co
Esquivias Hector $250,000 North American Title
Fontaine Paul L $117,000 Fidelity National Title Ins
Helen Ann Owen Trust -- --
Lorette Ronald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lam Nicholas $224,250
Previous Owner Dam Kim H $151,500
Previous Owner Vanegas David A $396,000
Previous Owner Vanegas David A $99,000
Previous Owner Esquivias Hector $200,000
Previous Owner Fontaine Paul L $98,850
Closed Esquivias Hector $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2014 09/05/14 Sold $305,000 -7.0% $230 / Sq Ft
07/16/2014 07/16/14 Pending -- -- --
04/18/2013 04/18/13 For Sale $328,000 -- $248 / 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 $3,868 $359,353 $126,194 $233,159
2024 $3,868 $352,307 $123,720 $228,587
2023 $3,759 $345,399 $121,294 $224,105
2022 $3,709 $338,627 $118,916 $219,711
2021 $3,686 $331,987 $116,584 $215,403
2020 $3,622 $328,583 $115,389 $213,194
2019 $3,591 $322,140 $113,126 $209,014
2018 $3,541 $315,824 $110,908 $204,916
2017 $3,414 $309,631 $108,733 $200,898
2016 $3,279 $303,560 $106,601 $196,959
2015 $2,346 $214,807 $80,553 $134,254
2014 $2,273 $210,599 $78,975 $131,624
Source: Public Records

Agents Affiliated with this Home

  • Tanya Chen

    Seller's Agent in 2014

    Tanya Chen

    IRN Realty

    (909) 630-6961

    5 in this area

    8 Total Sales

    Tanya Chen
    Section Image

  • R

    Buyer's Agent in 2014

    Rosie Chen

    IRN Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR13076039

California Regional Multiple Listing Service (CRMLS)

APN: 1048-505-09

California San Bernardino County Ontario 91764 Downtown Ontario

844 E Elma St, Ontario, CA

Not Listed for Sale

MultiFamily

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