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403 E Acacia St, Ontario, CA 91761
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403 E Acacia St Ontario, CA 91761

$1,750,000 Sold Price as of 12/23/2020
  • 18 Beds
  • 9 Baths
  • 5,180 Sq.Ft.
Sold
$1,750,000 Sold Price as of 12/23/2020 Refinance Your Mortgage
Map preview of 403 E Acacia St, Ontario, CA 91761

Property Overview: 403 E Acacia St Ontario, CA has 18 bedrooms, 9 bathrooms, 5,180 living square feet and 23,850 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale this 9 unit investment property located in the city of Ontario. Comprised of 3 separate buildings, the unit composition is ALL 2Bed/1Bath units. The first structure is a 1950's built single family cottage with private yard and laundry hookups. The remaining 2 buildings were constructed in 1982 and offer central A/C and heat. All tenants pay for electricity & gas, while the owner pays for water and trash. The offering is comprised of 2 lots (total size 23,580 sqft), the first being the lot on which the structures currently exist, and then an additional lot to the rear which may allow for additional development (buyer and buyer's agent to verify.) Offered at a current 13.34 GRM and a 4.82% CAP Rate, the offering is already a lucrative opportunity for a new investor, not to mention the additional 30% upside in rental rates that exists given the low rents in place. Ontario has only seen vacancy tighten and rental rates climb given it is a desirable rental location for tenants, and a great opportunity for investors looking for the path of appreciation.

Listed by KRISTOPHER GERMAN | BRE #01800021 | RE/MAX 2000
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
23,850
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV20215693
City
Ontario
County
San Bernardino
Time on Site
1313 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 3
  • # of Leased Units: 9
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,170
  • Total Rent: $1,170
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,170
  • Total Rent: $1,170
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,170
  • Total Rent: $1,170
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,170
  • Total Rent: $1,170
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,170
  • Total Rent: $1,170
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,170
  • Total Rent: $1,170
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,170
  • Total Rent: $1,170
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,170
  • Total Rent: $1,170
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $131,220
  • Net Operating Income: $83,892
  • Gross Operating Income: $127,283
  • Vacancy Allowance: $3,937
  • Laundry Income: $2,100
Annual Expense Breakdown
  • Total Operating Expense: $43,391
  • Electric: $416
  • Gas/Fuel: $823
  • New Taxes: $21,350
  • Trash: $1,884
  • Insurance: $2,128
  • Maintenance: $7,637
  • Professional Management: $0
  • Water/Sewer: $7,803
  • Other Expenses: $1,350
  • Other Expense Description: Reserves

Property Details for 403 E Acacia St

Interior Features
Laundry Information
  • Has Laundry
  • Community, Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 24
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 6-10 Units/Acre, Lot 20000-39999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 9
  • Parcel Number: 1049531350000
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of I-10, West of I-15; Near Intersection of E Acacia St & Sultana Ave
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Ontario Agent

Sale History for 403 E Acacia St

Last sold for $1,750,000 on December 23rd, 2020

  • December, 2020

  • Dec 28, 2020

    Date

    Sold

    CRMLS: CV20215693

    $1,750,000

    Price

  • Oct 23, 2020

    Date

    Pending

    CRMLS: CV20215693

    $1,750,000

    Price

  • Oct 14, 2020

    Date

    Active

    CRMLS: CV20215693

    $1,750,000

    Price

  • December, 2020

  • Dec 23, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,750,000

    Price

  • May, 2015

  • May 22, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,220,000

    Price

  • April, 2015

  • Apr 23, 2015

    Date

    Price Change

    CRMLS: DW15085933

    $1,120,000

    Price

  • Listing provided courtesy of CRMLS

    INCOME BONANZA...........,9 UNITS WITH A FREE STANDING SINGLE FAMILY RESIDENCE INCLUDED, FEATURES OF THIS GREAT INCOME PROPERTY INCLUDE: CENTRAL AIR CONDITIONING IN EACH UNIT, NEWER DUAL PANE ENERGY EFFICIENT WINDOWS, SEPARATE PAY LAUNDRY, PLENTY OF PARKING FOR TENANTS, EACH UNIT'S LAYOUT IS VERY GOOD WITH GOOD SIZE KITCHEN LIVING ROOM AND 2 GOOD SIZED BEDROOMS, FRONT FREE STANDING SINGLE FAMILY HAS IT'S OWN BACKYARD. SEPARATE GAS AND WATER METERS.VACANT LOT BONUS INCLUDED IN SALE IS LOT 36 SEPARATE PARCEL @ 6,600 S.F. AND COULD BE USED AS ADDITION PARKING OR POSSIBLE FUTURE STRUCTURE. ALL RENTS CURRENTLY UNDER MARKET....................

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Tax History for 403 E Acacia St

Assessed Value (2020): $1,263,781
Year Land Value Improved Value Assessed Value
2020 $384,630 $879,151 $1,263,781

Home Value Compared to the Market

This property vs the competition

403 E Acacia St sold on December 23, 2020 for 150.41% 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 $337.84 per/sqft which puts the price per square foot 19.18% lower than the current median sale per square foot for the city of Ontario.

About 403 E Acacia St

Detailed summary of property

403 E Acacia St is a multi family that recently sold in Ontario, CA 91761. This multi family property offered 18 bedrooms, 9 bathrooms, roughly 5,180 living square feet, and sits on an approximately 23,850 square foot lot. 403 E Acacia St was first listed on ArdentRealEstateGroup.com on October 14, 2020. The homeowner sold the property for $1,750,000. 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 150.41% higher than the current median priced home. Local homes that are currently for sale include 156 S Pennsylvania Ave, 417 E Puente St and 501 Parker Dr. While the average home in Ontario, CA is selling in 49 days, 403 E Acacia St has a days on market of 9 days. There are currently 300 homes for sale in the Ontario real estate market and 168 of them are single family homes while 112 of them are condos and 20 are townhomes. For more information on this home for sale at 403 E Acacia St Ontario, CA 91761 contact Ardent Real Estate Group and we will put you in touch with one of our Ontario agents.

Public Facts for 403 E Acacia St

Public county record property details
Beds
--
Baths
--
Year built
1982
Sq. Ft.
5,180
Lot Size
17,250
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
San Bernardino
Lot#
37
APN
1049-531-35-0000

The source for these homes facts are from public records.

91761 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$659,990
Median List Price/Sq.Ft.
$422
Median Sold Price
$668,990
Median Sold Price/Sq.Ft.
$426
Total Inventory
145
Median Sale to List Price %
99.12%
Avg Days on Market
20
Loan Type
Conventional (54.05%), FHA (18.92%), VA (8.11%), Cash (10.81%), Other (8.11%)

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Recently Sold Homes Near 403 E Acacia St

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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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