NOT LISTED FOR SALE

902 E Deodar St Ontario, CA 91764

Estimated Value: $1,220,000 - $1,294,423

8 Beds
4 Baths
3,480 Sq Ft
$365/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $1,005,000 $289 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $7,607/month

29 Days on Market

Highlights

  • Granite Countertops
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Private Yard
  • Double Pane Windows
  • Living Room

About This Home

As of May 2021

Excellent opportunity to own a fully-occupied fourplex with market rents! Every 2 bedroom/1 bathroom unit has an attached garage, fenced front and back yards. The one-car garage with new garage doors has laundry hookups and a water heater inside. Extra parking space in front of each garage. Each unit is attached to the unit's garage wall - no adjoining walls with another unit's living spaces. Termite Section 1 clearance for all units. Some units have been upgraded with newer kitchen/bathroom granite countertops and kitchen cabinetry. Very low turnover rate with stable and long term tenants. Landlord pays water and trash - gas and electricity are separately metered for each unit. Commute friendly location, close to retail businesses on 7th, schools and parks. Agents, please download the floor plan and termite clearance from the Supplement section and read the Agent Remarks before contacting the Listing Agent.

Last Agent to Sell the Property

Amy Lam

RE/MAX MASTERS REALTY License #01495301 Listed on: 01/11/2021

RE/MAX MASTERS REALTY

Last Buyer's Agent

Chang Chen

R C Realty Corp. License #01005370

R C Realty Corp.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.3 Acre Lot
  • No Common Walls
  • Landscaped
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway
  • Parking Lot
  • Off-Street Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,480 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Living Room
  • Tile Flooring
  • Termite Clearance

Kitchen

  • Gas Range
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

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

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, trash collection
  • Tax Lot 7
  • Tax Tract Number 6121
  • Assessor Parcel Number 1047172010000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units
  • Foothills

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,480
  • Maintenance Expense $18,000
  • Water Sewer Expense $5,273
  • New Taxes Expense $3,610
  • Operating Expense $24,753
  • Gross Income $74,160
  • Net Operating Income $49,407

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.3 Acres

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 5273.00
  • Property Condition: Termite Clearance
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 1047172010000
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Laminate Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 288.79
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Asphalt, Garage, Off Street, Parking Space
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Range Hood
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Foothills, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Yard
  • Lot Size Sq Ft: 13100.00
  • Lot Size Acres: 0.3007

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Gross Income: 74160.00
  • Gross Scheduled Income: 74160.00
  • Insurance Expense: 1480.00
  • Lot Size Area: 13100.0000 Square Feet
  • Maintenance Expense: 18000.00
  • Net Operating Income: 49407.00
  • Number Of Rented Garages: 4
  • 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 With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 24753.00
  • Rent Control: No
  • Total Actual Rent: 72432.00
  • Total Expenses: 24753.00

Tax Info

  • New Taxes Expense: 3610.00
  • Tax Census Tract: 13.05
  • Tax Lot: 7
  • Tax Tract Number: 6121

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2021
Sold by
Rmrd Llc
Bought by
Ma Wenjun and Kong Minhua
Current Estimated Value
$1,270,606

Purchase Details

Closed on
Feb 2, 2021
Sold by
Lam Richard Y and Lam Helen Y
Bought by
Rmrd Llc

Purchase Details

Closed on
May 25, 2005
Sold by
Lam Richard Y
Bought by
Lam Richard Y and Lam Helen Y C

Purchase Details

Closed on
Apr 20, 2004
Sold by
Khastoo Sharo
Bought by
Lam Richard Y and Lam Helen Y C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2000
Sold by
Khastoo Sharo
Bought by
Khastoo Sharo and Living Trust Of Sharo Khastoo

Purchase Details

Closed on
Jul 8, 1999
Sold by
Vernon Susan Hyman
Bought by
Vernon Susan Hyman and Susan Hyman Family Trust

Purchase Details

Closed on
Jan 27, 1998
Sold by
Lasalle National Bank
Bought by
Lee Khastoo Sharo and Lee Vernon Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,250
Interest Rate
6.97%

Purchase Details

Closed on
Dec 17, 1997
Sold by
Aguilar Epifanio and Aguilar Maria D
Bought by
Ryland Mtg Securities Corp Mtg Participa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,250
Interest Rate
6.97%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Ma Wenjun $1,005,000 Orange Coast Title Company
Rmrd Llc -- Orange Coast Ttl Co Of Socal
Lam Richard Y -- None Available
Lam Richard Y $545,000 Fidelity-Riverside
Vernon Thomas Lee -- Fidelity-Riverside
Khastoo Sharo -- First American Title Ins Co
Vernon Susan Hyman -- --
Lee Khastoo Sharo $107,000 Fidelity National Title
Ryland Mtg Securities Corp Mtg Participa $127,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lam Richard Y $348,000
Previous Owner Lee Khastoo Sharo $80,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2021 05/07/21 Sold $1,005,000 +1.1% $289 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
01/11/2021 01/11/21 For Sale $994,000 -- $286 / 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 $11,948 $1,087,844 $270,608 $817,236
2024 $11,676 $1,066,514 $265,302 $801,212
2023 $11,348 $1,045,602 $260,100 $785,502
2022 $11,198 $1,025,100 $255,000 $770,100
2021 $7,922 $697,800 $203,600 $494,200
2020 $7,462 $664,600 $193,900 $470,700
2019 $7,617 $645,300 $188,300 $457,000
2018 $6,819 $608,700 $177,600 $431,100
2017 $6,387 $579,700 $169,100 $410,600
2016 $5,959 $552,000 $161,000 $391,000
2015 $5,515 $506,400 $147,700 $358,700
2014 $5,167 $480,000 $140,000 $340,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21000664

California Regional Multiple Listing Service (CRMLS)

APN: 1047-172-01

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