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409 N CHERRY Avenue, Ontario, CA 91764
5
beds
3
baths
· 8554
ft2 lot
$995,000
Listing provided courtesy of Amir Panahi, Douglas Elliman.
Source CRMLS.
The Crown Jewel of Ontario. Rare generational trophy investment opportunity. Over $200,000 has been invested in the complete upgrade of all 3 architecturally significant houses. Beautiful spacious 3 SFR style & VERY profitable units in rare prime Dwtn Ontario CA location, in the heart of the best part of the city. Huge exclusive double corner lot over 8,500 sq. ft. of prime CA land. Both of the 2 front units are 2 bed 1 bath, rear unit is 1 bed 1 bath. All units come w/ all new roofing, all new upgraded plumbing & electrical, all new high end stainless steel appliances, hardwood floors, high end granite kitchen counter tops, new water heaters, large private & gated yards & all units are separately metered for gas / electricity. No expense spared in the upgrade & maintenance of these very well maintained elegant gorgeous units, as a result there is very low expected future maintenance. 100% fully occupied turn key asset in high growth area. JUST REDUCED 300K FOR 1031 EXCHANGE.
HOA
$—/month
On market
2 years
Year built
1895
Property type
Multi-Family
Parking
MLS
19512914
Price / Sq.Ft.
ft2
Status
Active
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Flyhomes Cash Offer
Based on a price of $995,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$193/day
$0
Best
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$4,975
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$4,975
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$3,580
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$3,580
Average
Traditional Brokerage
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Property Details
Interior Features & Layout
Appliances
•   
Appliances: Dishwasher, Disposal, Refrigerator
•   
Has Appliances
Interior Features
•   
Interior Features: Open Floorplan, Recessed Lighting, Storage
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Attached Carport
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1900
•   
Lot Size Area: 8554.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 3
•   
Total Units: 3
Building Info
•   
Stories Total: 1
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 3
•   
Number Of Separate Gas Meters: 3
•   
Number Of Separate Water Meters: 1
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: Electricity, Gas
•   
Gross Operating Income: 70800.00
•   
Water Sewer Expense: 2600.00
•   
Total Actual Rent: 70800.00
•   
New Taxes Expense: 9808.00
•   
Insurance Expense: 1404.00
•   
Total Expenses: 13812.00
•   
Gross Scheduled Income: 64800.00
•   
Gross Multiplier: 14.05
Tax/Assessment Info
•   
Gross Income: 70800.00
•   
Tax Year: 2020
•   
Taxes: 10080.0
Lease Info
•   
Net Operating Income: 56988.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1700.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1700.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2200.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 2200.00
Multi Unit Information
•   
Number Wall Ac: 3
•   
Number With Refrigerator: 3
•   
# Of Units: 13
•   
Number With Patio: 3
•   
Number With Dishwasher: 1
•   
Number Of Units Leased: 3
•   
Number With Disposal: 3
•   
Number With Range: 3
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 2000.00
•   
Unit 1 Total Rent: 2000.00
School Neighborhood & Directions
Location
•   
Directions: Euclid and D Street, it's the gorgeous huge corner lot on Cherry Avenue
Other
Calculation
•   
Dom: 320
•   
Cdom: 320
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 19, 2021 9:22pm
Neighborhood snapshot
40
Properties for sale
7
Median days on market
$327.86
Median sold price/sqft
102.52%
Sold/List %
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Property History
06/23/2020
06/23/2020
CRMLS #19512914
active
CRMLS #19512914
$995,000
--8.57%
09/20/2019
09/20/2019
CRMLS #19512914
active
CRMLS #19512914
$1,088,260
+23.67%
07/10/2017
07/10/2017
Public Record
sold
Public Record
$880,000
+107.06%
08/04/2005
08/04/2005
Public Record
sold
Public Record
$425,000
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