1101 East 5th Street

Ontario, CA 91764

$1,400,000
Last Sold Price
2
Beds
5
Baths
4,221 Sq. Ft.
$332 / Sq. Ft.
4,221
Sq. Ft.
$332
per Sq. Ft.

Description

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...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
  1. Listed by Brett Bayless • DRE #01718244 • Brokerage DRE #01718244 • Brett Bayless, Broker

Property Details for 1101 East 5th Street

Parking Spaces Total
5
Private Pool
No
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4221
Assessor Parcel Number
1047-444-10-0000
Property Attached YN
false

Location

Listing Courtesy of Brett Bayless, Broker, Brett Bayless, DRE #01718244

Sold By Berkshire Hathaway Homeservices California Realty, EYAD TABEL, DRE #02027074

Add your commute
LISTING UPDATED: 03/01/2023 02:05 AM

Property Details for 1101 East 5th Street

StatusClosed
MLS #OC22168878
Days on Market149
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1985
Lot Size0.35 AC / 15,180 SF
CountySan Bernardino County

Location

Listing Courtesy of Brett Bayless, Broker, Brett Bayless, DRE #01718244

Sold By Berkshire Hathaway Homeservices California Realty, EYAD TABEL, DRE #02027074

Add your commute

Building Information for 1101 East 5th Street

Stories2Residences-Year Built1985Building Size-Lot Size0.35 AC / 15,180 SF

Payment Calculator

$8,714 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

$1,074

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1101 East 5th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $112,896
  • Gross Scheduled Income: $112,896
  • Net Operating Income: $61,868
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $31,234
  • Fuel Expense: $445
  • Electric Expense: $479
  • Insurance Expense: $1,727
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $5,300
  • Total Expenses: $33,607
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 13.10
  • CFD/Mello-Roos Fee: $1,244
  • Tax Lot: 0
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Yard
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,882
  • Unit Type Total Rent: $9,408
  • Unit Type Pro Forma: 2050
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 1101 East 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1101 East 5th Street

Taxable ValueLand$413,257Additions$766,742Total$1,179,999
Tax Record2022$12,892 ($1,074 / month)
Home Facts
Total Finished SqFt4,221 SqFtAbove Grade Finished SqFt4,221 SqFtStories2Lot Size15,180 SqFtStyleMulti-Family Res (5+ Units)Year Built1985CountySAN BERNARDINOAPN1047-444-10-0000

Schools near 1101 East 5th Street

This home is within Chaffey Joint Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Vineyard Elementary School
PublicK to 8

Chaffey High School
Public9 to 12

Valley View High (Continuation) School
Public9 to 12

Chaffey Community Day School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Brett Bayless, Broker, Brett Bayless, DRE #01718244

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.