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527 S Laurel Ave, Ontario, CA 91762
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527 S Laurel Ave Ontario, CA 91762

$625,000 Sold Price as of 11/05/2020
  • 7 Beds
  • 3 Baths
  • 1,928 Sq.Ft.
Sold
$625,000 Sold Price as of 11/05/2020 Refinance Your Mortgage
Map preview of 527 S Laurel Ave, Ontario, CA 91762

Property Overview: 527 S Laurel Ave Ontario, CA has 7 bedrooms, 3 bathrooms, 1,928 living square feet and 6,480 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 3 unit multi-family investment in the city of Ontario. Comprised of 1(3Bed/1Bath), and 2(2Bed/1Bath) units all situated on a 6,480 sqft lot. Tenants enjoy gated privacy and pay for their own electricity and gas, while the owner pays for water and trash. All units are tenant occupied at this time. With 20+% upside in rental rates, this investment offers a new investor a great repositioning opportunity.

Listed by KRISTOPHER GERMAN | BRE #01800021 | RE/MAX 2000
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
6,480
HOA Dues
$0/mo
Year built
1909
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV20194737
City
Ontario
County
San Bernardino
Time on Site
1339 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • 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: $1,075
  • Total Rent: $1,075
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.88%
  • Gross Rent Multiplier: 13.63
  • Gross Scheduled Income: $46,500
  • Net Operating Income: $30,529
  • Gross Operating Income: $45,105
  • Vacancy Allowance: $1,395
Annual Expense Breakdown
  • Total Operating Expense: $14,576
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $7,615
  • Trash: $0
  • Insurance: $775
  • Maintenance: $2,250
  • Water/Sewer: $3,486
  • Other Expenses: $450
  • Other Expense Description: Reserves

Property Details for 527 S Laurel Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 1049278020000
  • 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, East of I-15; Near Intersection of S Laurel Ave & W Sunkist St
Neighborhood Information
  • Community Features: Curbs, Gutters, Street Lights
View more facts & features

Local Ontario Agent

Sale History for 527 S Laurel Ave

Last sold for $625,000 on November 5th, 2020

  • November, 2020

  • Nov 6, 2020

    Date

    Sold

    CRMLS: CV20194737

    $625,000

    Price

  • Oct 1, 2020

    Date

    Pending

    CRMLS: CV20194737

    $650,000

    Price

  • Sep 25, 2020

    Date

    Active

    CRMLS: CV20194737

    $650,000

    Price

  • Sep 19, 2020

    Date

    Pending

    CRMLS: CV20194737

    $650,000

    Price

  • Sep 18, 2020

    Date

    Active

    CRMLS: CV20194737

    $650,000

    Price

  • November, 2020

  • Nov 5, 2020

    Date

    Sold (Public Records)

    Public Records

    $625,000

    Price

  • October, 2018

  • Oct 22, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 527 S Laurel Ave

Assessed Value (2020): $203,528
Year Land Value Improved Value Assessed Value
2020 $44,973 $158,555 $203,528

Home Value Compared to the Market

This property vs the competition

527 S Laurel Ave sold on November 5, 2020 for 6.99% lower 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 $337.14 per/sqft which puts the price per square foot 19.35% lower than the current median sale per square foot for the city of Ontario.

About 527 S Laurel Ave

Detailed summary of property

527 S Laurel Ave is a multi family that recently sold in Ontario, CA 91762. This multi family property offered 7 bedrooms, 3 bathrooms, roughly 1,928 living square feet, and sits on an approximately 6,480 square foot lot. 527 S Laurel Ave was first listed on ArdentRealEstateGroup.com on September 18, 2020. The homeowner sold the property for $625,000. 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 6.99% lower than the current median priced home. Local homes that are currently for sale include 2664 North Waterman, 938 E 2nd St and 7786 Mckinley Ave. While the average home in Ontario, CA is selling in 49 days, 527 S Laurel Ave has a days on market of 8 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 527 S Laurel Ave Ontario, CA 91762 contact Ardent Real Estate Group and we will put you in touch with one of our Ontario agents.

Public Facts for 527 S Laurel Ave

Public county record property details
Beds
--
Baths
--
Year built
1909
Sq. Ft.
1,928
Lot Size
6,480
Stories
1
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
San Bernardino
Lot#
13
APN
1049-278-02-0000

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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(714) 706-1823

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Recently Sold Homes Near 527 S Laurel Ave

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$535,000 Last Sold Price
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4 Baths
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$375,000 Last Sold Price
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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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