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1120 E Elma Street

Ontario, CA 91764
  • $850,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: CV25030654
UPDATED: 38 min ago
$850,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Listing Agent(s): Rudy Labrada of THE LABRADA GROUP (909-981-3500)


Description

Located in Ontarios Downtown area, a TRI-PLEX located on a corner lot with 2 bedroom, 1 bath units with one car detached garages. The units were built in 1955 and are approximately 770 square feet each. Each unit has individual washer/dryer hookups. Front unit has yard, all other units have front and rear patios. The gross income for rent and utility reimbursement from tenant to landlord is $4,894. Professionally managed them since June 2024. $120 pass thru utility charge per unit was put in place in August 2024 and all rents were increased in January 2025. The tenants are all long term. Another rent increase can go into place in January of 2026.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-17T07:27:38.453. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/160237660
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1120 E Elma Street Ontario, CA 91764

  • Price: $850,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 38 min ago
  • ID#: CV25030654
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1955
Built
Neighborhood:
686 - Ontario
County:
San Bernardino
Area:
686 - Ontario
Property Description
Located in Ontarios Downtown area, a TRI-PLEX located on a corner lot with 2 bedroom, 1 bath units with one car detached garages. The units were built in 1955 and are approximately 770 square feet each. Each unit has individual washer/dryer hookups. Front unit has yard, all other units have front and rear patios. The gross income for rent and utility reimbursement from tenant to landlord is $4,894. Professionally managed them since June 2024. $120 pass thru utility charge per unit was put in place in August 2024 and all rents were increased in January 2025. The tenants are all long term. Another rent increase can go into place in January of 2026.
Exterior Features

Architectural Style Cottage Entry Level 1 Entry Location 1 Fencing WoodWrought Iron Lot Features Corner LotLawn Number Of Separate Electric Meters 3 Parking Features GarageOn Street Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Alley Paved Roof Composition

Interior Features

Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No Flooring Vinyl Heating Wall Furnace Heating YN Yes Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Common Interest None Community Features Street Lights Current Financing Conventional Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 58728 Gross Scheduled Income 58728 Insurance Expense 2500 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Net Operating Income 40726 New Construction YN No New Taxes Expense 10625 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 18002 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN No Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasSee Remarks Trash Expense 1577 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 3300 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-17T07:27:38.453. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Rudy Labrada of THE LABRADA GROUP (909-981-3500)