12811 9th Street

Chino, CA 91710

$3,150,000
Price
3
Beds
10
Baths
8,464 Sq. Ft.
$372 / Sq. Ft.
8,464
Sq. Ft.
$372
per Sq. Ft.

Description

The 12811 9th Street property was built in 1980 and is in excellent condition. The City of Chino has no rent controlled, but the property does fall under California AB 1482 allowing for rent increases of 5% plus CPI each year. The tenants will receive their 2024 rent increase notifications shortly and the rents listed in the Offering Memorandum are effective July 1st. The property has a desirable unit mix with 4 one-bedroom/one-bathroom units, as well as 6 two-bedroom/one-bathroom units. There is...The 12811 9th Street property was built in 1980 and is in excellent condition. The City of Chino has no rent controlled, but the property does fall under California AB 1482 allowing for rent increases of 5% plus CPI each year. The tenants will receive their 2024 rent increase notifications shortly and the rents listed in the Offering Memorandum are effective July 1st. The property has a desirable unit mix with 4 one-bedroom/one-bathroom units, as well as 6 two-bedroom/one-bathroom units. There is ample parking in back including 10 garage parking spaces (1 per unit) and 10 open uncovered parking spaces. The roofs are in excellent condition. The building’s plumbing is copper. There is also a laundry room with two washers and two dryers. The equipment is Leased from WASH Laundry and has a contract in place.
  1. Listed by Warren Berzack • DRE #01329015 • Brokerage DRE #01191898 • Lee & Associates • 818-269-2979

Property Details for 12811 9th Street

Parking Spaces Total
20
Private Pool
No
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8464
Assessor Parcel Number
1015-612-17-0000
Property Attached YN
true

Location

Listing Courtesy of Lee & Associates, Warren Berzack, DRE #01329015
Add your commute
LISTING UPDATED: 04/08/2024 05:15 AM

Property Details for 12811 9th Street

StatusActive
MLS #SR24069187
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1980
CountySan Bernardino County

Location

Listing Courtesy of Lee & Associates, Warren Berzack, DRE #01329015
Add your commute

Building Information for 12811 9th Street

Building/Complex12811 9th StFloor-Stories2Residences-Pet Policy-Year Built1980Building Size-

Payment Calculator

$18,151 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,191

Property Taxes

$960

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12811 9th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $219,523
  • Gross Scheduled Income: $219,523
  • Vacancy Allowance: 6586
  • Gross Operating Income: $212,938
  • Net Operating Income: $132,218
  • Gross Multiplier: 14.35
  • Cap Rate: 4.2
Expense Details
  • Operating Expense: $80,720
  • New Taxes Expense: $37,800
  • Gardener Expense: $2,400
  • Fuel Expense: $0
  • Licenses Expense: $100
  • Pest Control Expense: $900
  • Electric Expense: $1,703
  • Insurance Expense: $8,864
  • Maintenance Expense: $14,812
  • Professional Management Expense: $0
  • Other Expense: $900
  • Other Expense Description: Misc
  • Trash Expense: $2,000
  • Water Sewer Expense: $6,000
  • Supplies Expense: $5,240
  • Total Expenses: $80,720
Tax / Assessment Info
  • Tax Tract Number: 1
  • Tax Census Tract: 6.04
  • CFD/Mello-Roos Fee: $1,078
  • Tax Lot: 61
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Garden, Landscaped, Lawn, Lot 10000-19999 Sqft
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 10
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 10
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,671
  • Unit Type Total Rent: $6,686
  • Unit Type Pro Forma: 7180
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 6
  • 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: $1,918
  • Unit Type Total Rent: $11,508
  • Unit Type Pro Forma: 13770
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number With Range: 10

Property History for 12811 9th 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 12811 9th Street

Taxable ValueLand$252,474Additions$791,563Total$1,044,037
Tax Record2023$11,518 ($960 / month)
Home Facts
Total Finished SqFt8,464 SqFtAbove Grade Finished SqFt8,464 SqFtLot Size17,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1980CountySAN BERNARDINOAPN1015-612-17-0000

Schools near 12811 9th Street

This home is within Chino Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Walnut Avenue Elementary School
PublicK to 6

Magnolia Junior High School
Public7 to 8

Chino High 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.

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12811 9th Street is a multi-family home for sale in Chino, CA 91710. This property was listed for sale on April 8, 2024 by Lee & Associates, it's currently listed at $3,150,000. It has been on the market for a total of 26 days and was last sold on August 9, 2018. This listing's school district is Chino Valley Unified School District. Nearby schools include Walnut Avenue Elementary School, Magnolia Junior High School and Chino High School. 12811 9th Street is a 3-bed, 10-bath, 8,464 sqft multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lee & Associates, Warren Berzack, DRE #01329015

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.