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743 N Palmetto Ave, Ontario, CA 91762
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743 N Palmetto Ave Ontario, CA 91762

$650,000 Sold Price as of 09/30/2020
  • 6 Beds
  • 4 Baths
  • 2,652 Sq.Ft.
Sold
$650,000 Sold Price as of 09/30/2020 Refinance Your Mortgage
Map preview of 743 N Palmetto Ave, Ontario, CA 91762

Property Overview: 743 N Palmetto Ave Ontario, CA has 6 bedrooms, 4 bathrooms, 2,652 living square feet and 7,296 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Well located three unit single level apartment building - a garage with three parking spaces with rear access through alley. Unit A has two bedrooms and 1 & 3/4 bathrooms, unit B & C have two bedrooms with one bathroom and are single story. Unit A and B have laundry rooms off the private patio, Unit C also has a private patio area however the laundry hook ups are in the garage. Two units have tile flooring and one unit has laminate flooring. Each unit is separately metered for gas and electricity. All units are clean and fully operable. Each unit has living room a kitchen with dining area. There is room to increase rents. Nice investment property in the city of Ontario. Restaurants, schools and shopping is just around the corner. Easy to manage or an owner can live in one unit and collect passive income on an appreciating asset. All offers must be submitted to listing agent no later than 3pm Wednesday August 26, 2020.

Listed by HAROLD MILLER | BRE #00403837 | HAROLD E MILLER REALTOR
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
7,296
HOA Dues
$0/mo
Year built
1963
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
IV20173893
City
Ontario
County
San Bernardino
Time on Site
1485 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.25%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $49,500
  • Net Operating Income: $36,239
  • Gross Operating Income: $49,500
Annual Expense Breakdown
  • Total Operating Expense: $13,261
  • New Taxes: $6,709
  • Trash: $0
  • Gardener: $1,320
  • Insurance: $1,032
  • Water/Sewer: $4,200

Property Details for 743 N Palmetto Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • In Garage, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Concrete
  • All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven, Gas Range, Gas Water Heater
Interior Features
  • Unfurnished
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned, Garage - Two Door
Lot Information
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls, No One Above
  • Total # of Units: 3
  • Parcel Number: 1010182030000
  • Year Built Source: Assessor
  • Property is Attached
  • Accessibility Features: No Interior Steps
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: East of Mountain Ave. South of H Street
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Gutters
View more facts & features

Local Ontario Agent

Sale History for 743 N Palmetto Ave

Last sold for $650,000 on September 30th, 2020

  • October, 2020

  • Oct 2, 2020

    Date

    Sold

    CRMLS: IV20173893

    $650,000

    Price

  • Aug 27, 2020

    Date

    Pending

    CRMLS: IV20173893

    $649,000

    Price

  • Aug 26, 2020

    Date

    Active

    CRMLS: IV20173893

    $649,000

    Price

  • Aug 26, 2020

    Date

    Hold

    CRMLS: IV20173893

    $649,000

    Price

  • Aug 25, 2020

    Date

    Active

    CRMLS: IV20173893

    $649,000

    Price

  • September, 2020

  • Sep 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

  • June, 2009

  • Jun 18, 2009

    Date

    Sold (Public Records)

    Public Records

    $316,500

    Price

  • June, 2009

  • Jun 18, 2009

    Date

    Sold

    CRMLS: C09025385

    $316,126

    Price

  • Mar 2, 2009

    Date

    Active

    CRMLS: C09025385

    $338,200

    Price

  • Listing provided courtesy of CRMLS

    GREAT TRIPLEX OPPORTUNITY. THIS BUILDING HAS THREE UNITS, EACH UNIT HAS 2 BEDROOMS 1 BATH, AND PATIO AREA. EXEPT UNIT A HAS 2 FULL BATHROOMS. 3 CAR GARAGE. CENTRALLY LOCATED, EASY ACCESS TO FWYS. NEEDS TENANTS. COME DOWN AND SEE THIS FANTATIC OPPORTUNITY. NO OPERATING EXPENSES HISTORY - BANK OWNED

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Tax History for 743 N Palmetto Ave

Assessed Value (2020): $372,238
Year Land Value Improved Value Assessed Value
2020 $88,313 $283,925 $372,238

Home Value Compared to the Market

This property vs the competition

743 N Palmetto Ave sold on September 30, 2020 for 2.2% 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 $244.72 per/sqft which puts the price per square foot 41.73% lower than the current median sale per square foot for the city of Ontario.

About 743 N Palmetto Ave

Detailed summary of property

743 N Palmetto Ave is a multi family that recently sold in Ontario, CA 91762. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,652 living square feet, and sits on an approximately 7,296 square foot lot. 743 N Palmetto Ave was first listed on ArdentRealEstateGroup.com on August 26, 2020. The homeowner sold the property for $650,000. 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 2.2% higher than the current median priced home. Local homes that are currently for sale include 3150 Lime St, 3335 3rd St and 554 Roberds Ave. While the average home in Ontario, CA is selling in 54 days, 743 N Palmetto Ave has a days on market of 2 days. There are currently 389 homes for sale in the Ontario real estate market and 227 of them are single family homes while 137 of them are condos and 25 are townhomes. For more information on this home for sale at 743 N Palmetto 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 743 N Palmetto Ave

Public county record property details
Beds
6
Baths
4
Year built
1963
Sq. Ft.
2,652
Lot Size
7,296
Stories
1
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
San Bernardino
Lot#
15
APN
1010-182-03-0000

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
$718,990
Median List Price/Sq.Ft.
$413
Median Sold Price
$625,000
Median Sold Price/Sq.Ft.
$409
Total Inventory
137
Median Sale to List Price %
96.3%
Avg Days on Market
17
Loan Type
Conventional (55.26%), FHA (5.26%), VA (5.26%), Cash (21.05%), Other (10.53%)

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Recently Sold Homes Near 743 N Palmetto Ave

755 N Palmetto Ave, Ontario, CA 91762
$573,000 Last Sold Price
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827 N Palmetto Ave, Ontario, CA 91762
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1010 w. Granada ct., Ontario, CA 91762
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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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