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524 W Park St, Ontario, CA 91762
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524 W Park St Ontario, CA 91762

$1,049,000 Sold Price as of 01/25/2024
  • 8 Beds
  • 5 Baths
  • 2,798 Sq.Ft.
Sold
$1,049,000 Sold Price as of 01/25/2024 Refinance Your Mortgage
Map preview of 524 W Park St, Ontario, CA 91762

Property Overview: 524 W Park St Ontario, CA has 8 bedrooms, 5 bathrooms, 2,798 living square feet and 17,496 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: **Investment Opportunity in Ontario, CA!** Welcome to 524 W Park St, a versatile property strategically located in Ontario. This space offers tremendous potential, featuring a spacious .408 acre lot, 4 units, and 3 buildings. Building A (built in 1949): 801 sq ft, Building B (built in 2012) 705 sq ft, duplex Building C (built in 2006) 1292 sq ft for a total of 2798 sq ft. Great upside potential, tenants are month to month below market rate. Boasting proximity to local amenities, schools, and major transport routes, this property stands as a solid investment. Whether you're a seasoned investor seeking diverse revenue streams or a newcomer looking for growth opportunities, this property presents a great opportunity. The property features 8 bedrooms, 5 bathrooms, and 3 new detached garages that total 1344 sq ft. Don't miss out on this excellent investment prospect.

Listed by Marco Contreras | BRE #02120740 | EXP REALTY OF CALIFORNIA INC
Last checked: 13 minutes ago | Last updated: January 26th, 2024 | Source CRMLS | DOM: 40

Home details

Lot Sq. Ft
17,496
HOA Dues
$0/mo
Year built
1949
Garage
6 Car
Property Type:
Fourplex
Status
Sold
MLS#
CV23205969
City
Ontario
County
San Bernardino
Time on Site
191 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 3
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,525
  • Total Rent: $1,525
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,776
  • Total Rent: $1,776
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,050
  • Total Rent: $3,050
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $76,212
  • Net Operating Income: $61,212
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $15,000
  • Gas/Fuel: $0
  • New Taxes: $14,000
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 524 W Park St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned, Driveway
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 1049283180000
  • Year Built Source: Public Records
  • Architectural Style: Bungalow
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: Doors - Swing In
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected
Location / Neighborhood
Location Information
  • Directions: Cross Streets: San Antonio Av and Euclid Av
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Ontario Agent

Sale History for 524 W Park St

Last sold for $1,049,000 on January 25th, 2024

  • January, 2024

  • Jan 25, 2024

    Date

    Sold

    CRMLS: CV23205969

    $1,049,000

    Price

  • Nov 8, 2023

    Date

    Active

    CRMLS: CV23205969

    $1,150,000

    Price

  • February, 2013

  • Feb 22, 2013

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

  • February, 2007

  • Feb 16, 2007

    Date

    Sold (Public Records)

    Public Records

    $730,000

    Price

Show More

Tax History for 524 W Park St

Assessed Value (2020): $619,293
Year Land Value Improved Value Assessed Value
2020 $84,449 $534,844 $619,293

Home Value Compared to the Market

This property vs the competition

524 W Park St sold on January 25, 2024 for 57.26% 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 $392.78 per/sqft which puts the price per square foot 6.03% lower than the current median sale per square foot for the city of Ontario.

About 524 W Park St

Detailed summary of property

524 W Park St is a fourplex that recently sold in Ontario, CA 91762. This fourplex offered 8 bedrooms, 5 bathrooms, roughly 2,798 living square feet, and sits on an approximately 17,496 square foot lot. 524 W Park St was first listed on ArdentRealEstateGroup.com on November 8, 2023. The homeowner sold the property for $1,049,000. 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 57.26% higher than the current median priced home. Local homes that are currently for sale include 7436 Oleander Ave, 3717 Roosevelt St and 3856 Pontiac Ave. While the average home in Ontario, CA is selling in 49 days, 524 W Park St has a days on market of 40 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 524 W Park St Ontario, CA 91762 contact Ardent Real Estate Group and we will put you in touch with one of our Ontario agents.

Public Facts for 524 W Park St

Public county record property details
Beds
2
Baths
1
Year built
1949
Sq. Ft.
897
Lot Size
17,496
Stories
1
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
San Bernardino
Lot#
--
APN
1049-283-18-0000

The source for these homes facts are from public records.

91762 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$695,990
Median List Price/Sq.Ft.
$424
Median Sold Price
$740,000
Median Sold Price/Sq.Ft.
$416
Total Inventory
94
Median Sale to List Price %
102.07%
Avg Days on Market
20
Loan Type
Conventional (63.89%), FHA (5.56%), VA (0%), Cash (22.22%), Other (8.33%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 524 W Park St

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Related Resources to 524 W Park 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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