1038 N Sacramento Ave, Ontario, CA 91764
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1038 N Sacramento Ave Ontario, CA 91764

$1,050,000 Sold Price as of 04/20/2023
  • 8 Beds
  • 10 Baths
  • 4,800 Sq.Ft.
Sold
$1,050,000 Sold Price as of 04/20/2023 Refinance Your Mortgage

Map preview of 1038 N Sacramento Ave, Ontario, CA 91764

Property Overview: 1038 N Sacramento Ave Ontario, CA has 8 bedrooms, 10 bathrooms, 4,800 living square feet and 7,579 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 1038 N. Sacramento Ave. This fourplex rental lies conveniently just South of 4th Street and Nearby Vineyard Ave in heart of Ontario. This income property has fantastic upside with CAP Rate potential to reach over 5%! Each unit is currently occupied with long term tenants at full occupancy. Currently, each of the 1,200 sq ft units have: 2 bed, 2.5 baths, living room, dining room, kitchen and individual enclosed patios. Conveniently located walking distance to the Vineyard Plaza with grocery stores, laundry, restaurants, etc., and a brief drive to all the local amenities Ontario has to offer. Call us today with any questions and please see the video walk-through! (Seller highly prefers to submitting offers for both properties)

Listed by WEI ZHANG | BRE #02101239 | RE/MAX Galaxy
Co-listed by HECTOR MARQUEZ | BRE #01978541 | RE/MAX Galaxy
Last checked: 10 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
7,579
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
WS22140149
City
Ontario
County
San Bernardino
Time on Site
686 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,340
  • Total Rent: $1,340
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,230
  • Total Rent: $1,230
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $63,840
  • Net Operating Income: $37,440
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $26,400
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:


Property Details for 1038 N Sacramento Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Fireplace(s), Forced Air
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Tile
  • Living Room
Kitchen Information
  • Has Appliances
  • Electric Oven, Electric Cooktop
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Parking Features: Assigned, Attached Carport, Street
Lot Information
  • Lot Features: Greenbelt
  • Lot Size Source: Estimated
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 0110334100000
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: Parking
  • Has Additional Parcels
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Natural Gas Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: From N Vineyard: West on 4th Street, South on Sacramento Ave to Complex on left.
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Ontario Agent

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Sale History for 1038 N Sacramento Ave

Last sold for $1,050,000 on April 20th, 2023
  • April, 2023

  • Apr 20, 2023

    Date

    Sold

    CRMLS: WS22140149

    $1,050,000

    Price

  • Jun 28, 2022

    Date

    Active

    CRMLS: WS22140149

    $1,100,000

    Price

  • December, 1997

  • Dec 26, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1038 N Sacramento Ave

Assessed Value (2020): $111,680
Year Land Value Improved Value Assessed Value
2020 $10,750 $100,930 $111,680

Home Value Compared to the Market

This property vs the competition

1038 N Sacramento Ave sold on April 20, 2023 for 57.4% higher than the current median sold price for the city of Ontario which is $698,845. The median sold price per/sqft for Ontario is $418 and this home is sold at $229.17 per/sqft which puts the price per square foot 45.18% lower than the current median sale per square foot for the city of Ontario.

About 1038 N Sacramento Ave

Detailed summary of property

1038 N Sacramento Ave is a fourplex that recently sold in Ontario, CA 91764. This fourplex offered 8 bedrooms, 10 bathrooms, roughly 4,800 living square feet, and sits on an approximately 7,579 square foot lot. 1038 N Sacramento Ave was first listed on ArdentRealEstateGroup.com on June 28, 2022. The homeowner sold the property for $1,050,000. Home in Ontario are selling for a median price of $698,845 and a median price per square foot of $418. Based on Ardent Real Estate Group's Ontario Market Data, this home is sold 57.4% higher than the current median priced home. Local homes that are currently for sale include 3856 Pontiac Ave, 3876 Locust St and 2431 12th St. While the average home in Ontario, CA is selling in 49 days, 1038 N Sacramento Ave has a days on market of 23 days. There are currently 303 homes for sale in the Ontario real estate market and 163 of them are single family homes while 118 of them are condos and 22 are townhomes. For more information on this home for sale at 1038 N Sacramento Ave Ontario, CA 91764 contact Ardent Real Estate Group and we will put you in touch with one of our Ontario agents.

Public Facts for 1038 N Sacramento Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,800
Lot Size
75,794
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
San Bernardino
Lot#
13
APN
0110-334-10-0000

The source for these homes facts are from public records.

91764 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,900
Median List Price/Sq.Ft.
$416
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$439
Total Inventory
62
Median Sale to List Price %
100%
Avg Days on Market
22
Loan Type
Conventional (57.14%), FHA (19.05%), VA (0%), Cash (19.05%), Other (4.76%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.