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1101 E 5Th St, Ontario, CA 91764
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1101 E 5Th St Ontario, CA 91764

$1,400,000 Sold Price as of 03/01/2023
  • 10 Beds
  • 5 Baths
  • 4,221 Sq.Ft.
Sold
$1,400,000 Sold Price as of 03/01/2023 Refinance Your Mortgage
Map preview of 1101 E 5Th St, Ontario, CA 91764

Property Overview: 1101 E 5Th St Ontario, CA has 10 bedrooms, 5 bathrooms, 4,221 living square feet and 15,180 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire 1101 East 5th Street, a five-unit multifamily community located in Ontario, California. Built in 1985 and situated on 0.35 acres, the property is comprised of a single two-story building housing all two-bedroom / one-bathroom units measuring 850 square feet. The interiors have all been completely remodeled with new finishes as well as capital improvements including new tankless water heaters, central air conditioning and heating, plumbing, and electrical with additional planned upgrades. 1105 East 5th Street is conveniently located off the 10 Freeway, which connects residents to the employment, entertainment, shopping, and dining located in Ontario and throughout the Inland Empire region. The property is within five miles of major demand drivers and employment hubs including the Ontario Airport and its surrounding business parks and industrial centers, the Ontario Convention Center, and Ontario Mills. 5.52% CAP RATE WITH RENT INCREASE ON JAN 1 2023

Listed by Brett Bayless | BRE #01718244 | Brett Bayless, Broker
Last checked: 7 minutes ago | Last updated: March 1st, 2023 | Source CRMLS | DOM: 149

Home details

Lot Sq. Ft
15,180
HOA Dues
$0/mo
Year built
1985
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC22168878
City
Ontario
County
San Bernardino
Time on Site
789 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,882
  • Total Rent: $9,408
  • Pro Forma/Market Rent: $2,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $112,896
  • Net Operating Income: $61,868
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $31,234
  • Electric: $479
  • Gas/Fuel: $445
  • Trash: $0
  • Insurance: $1,727
  • Professional Management: $0
  • Water/Sewer: $5,300

Property Details for 1101 E 5Th St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 1047444100000
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Near E 4th Street & N Grove Avenue
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Ontario Agent

Sale History for 1101 E 5Th St

Last sold for $1,400,000 on March 1st, 2023

  • March, 2023

  • Mar 1, 2023

    Date

    Sold

    CRMLS: OC22168878

    $1,400,000

    Price

  • Aug 1, 2022

    Date

    Active

    CRMLS: OC22168878

    $1,650,000

    Price

  • July, 2019

  • Jul 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,145,000

    Price

Show More

Tax History for 1101 E 5Th St

Assessed Value (2020): $1,145,000
Year Land Value Improved Value Assessed Value
2020 $401,000 $744,000 $1,145,000

Home Value Compared to the Market

This property vs the competition

1101 E 5Th St sold on March 1, 2023 for 125.98% higher than the current median sold price for the city of Ontario which is $635,000. The median sold price per/sqft for Ontario is $420 and this home is sold at $339.97 per/sqft which puts the price per square foot 19.06% lower than the current median sale per square foot for the city of Ontario.

About 1101 E 5Th St

Detailed summary of property

1101 E 5Th St is a multi family that recently sold in Ontario, CA 91764. This multi family property offered 10 bedrooms, 5 bathrooms, roughly 4,221 living square feet, and sits on an approximately 15,180 square foot lot. 1101 E 5Th St was first listed on ArdentRealEstateGroup.com on August 1, 2022. The homeowner sold the property for $1,400,000. Home in Ontario are selling for a median price of $635,000 and a median price per square foot of $420. Based on Ardent Real Estate Group's Ontario Market Data, this home is sold 125.98% higher than the current median priced home. Local homes that are currently for sale include 8019 Alder Ave, 1185 W Grand Blvd and 245 S Wabash Ave. While the average home in Ontario, CA is selling in 55 days, 1101 E 5Th St has a days on market of 149 days. There are currently 391 homes for sale in the Ontario real estate market and 237 of them are single family homes while 127 of them are condos and 27 are townhomes. For more information on this home for sale at 1101 E 5Th St Ontario, CA 91764 contact Ardent Real Estate Group and we will put you in touch with one of our Ontario agents.

Public Facts for 1101 E 5Th St

Public county record property details
Beds
--
Baths
--
Year built
1985
Sq. Ft.
4,221
Lot Size
15,180
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
San Bernardino
Lot#
--
APN
1047-444-10-0000

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
$630,000
Median List Price/Sq.Ft.
$436
Median Sold Price
$635,000
Median Sold Price/Sq.Ft.
$466
Total Inventory
70
Median Sale to List Price %
102.44%
Avg Days on Market
23
Loan Type
Conventional (61.54%), FHA (23.08%), VA (3.85%), Cash (3.85%), Other (7.69%)

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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.

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