820 Richland Street

Ontario, CA 91764

$1,250,000
Price
8
Beds
4
Baths
3,432 Sq. Ft.
$364 / Sq. Ft.
3,432
Sq. Ft.
$364
per Sq. Ft.

Description

Price Improvement! This great Quadruplex property offers a great investment opportunity with its four units that each have 2 bedrooms and 1 bath each. Each unit also has a 1 car garage! This property includes a coin operated laundry room for all the tenants to use. The exterior has just been painted! The roof is newer and is only 2 years old. All units are rented and on a month to month. New landscaping just put in. Located with easy access to the freeway this property is also conveniently situated...Price Improvement! This great Quadruplex property offers a great investment opportunity with its four units that each have 2 bedrooms and 1 bath each. Each unit also has a 1 car garage! This property includes a coin operated laundry room for all the tenants to use. The exterior has just been painted! The roof is newer and is only 2 years old. All units are rented and on a month to month. New landscaping just put in. Located with easy access to the freeway this property is also conveniently situated near plenty of shopping and restaurants, making it an attractive option for tenants. This rental income offers the potential for a steady income and a solid return on your investment. Don't miss out on this opportunity to add a high-performing property to your portfolio.
  1. Listed by Doreen Orabona • DRE #01205893 • Brokerage DRE #01526169 • REALTY WORLD ALL STARS • 909-816-7879
  2. Listed by Kimberlee Pelletier • DRE #01880231 • Brokerage DRE #01526169 • REALTY WORLD ALL STARS

Property Details for 820 Richland Street

Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3432
Assessor Parcel Number
1047-201-04-0000
LISTING UPDATED: 11/10/2024 01:16 AM

Property Details for 820 Richland Street

StatusActive
MLS #CV24065367
Days on Market245
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.21 AC / 9,079 SF
CountySan Bernardino County

Building Information for 820 Richland Street

Stories2Residences-Year Built1963Building Size-Lot Size0.21 AC / 9,079 SF

Property Information for 820 Richland Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Other
Income / Expense / Tax Details
Income Details
  • Gross Income: $63,639
  • Gross Scheduled Income: $73,080
  • Vacancy Allowance: 0
  • Net Operating Income: $5,667
Expense Details
  • Operating Expense: $423
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,677
  • Professional Management Expense: $3,864
  • Trash Expense: $0
  • Water Sewer Expense: $2,700
  • Total Expenses: $9,441
Tax / Assessment Info
  • Tax Tract Number: 5557
  • Tax Census Tract: 13.05
  • CFD/Mello-Roos Fee: $157
  • Tax Lot: 4
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Water Heater Central
  • Equipment: Community
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Bedroom Features: All Bedrooms Down
  • Water Heater Features: Central Water Heater
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Tile, Vinyl
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Entry Location: ground/upstairs
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage - 1 Car
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage - Single Door
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 8
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $6,090
  • Unit Type Total Rent: $6,090
  • Unit Type Pro Forma: 6400
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 4

Property History for 820 Richland 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 820 Richland Street

Taxable ValueLand$43,540Additions$105,614Total$149,154
Tax Record2024$1,666 ($139 / month)
Home Facts
Lot Size9,079 SqFtStyleQuadraplexYear Built1963CountySAN BERNARDINOAPN1047-201-04-0000

Schools near 820 Richland Street

This home is within Chaffey Joint Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Berlyn Elementary School
PublicK to 6

Vina Danks Middle School
Public7 to 8

Chaffey High School
Public9 to 12

Valley View High (Continuation) 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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820 Richland Street is a multi-family home for sale in Ontario, CA 91764. This property was listed for sale on April 2, 2024 by REALTY WORLD ALL STARS, it's currently listed at $1,250,000. This listing's school districts are Chaffey Joint Union High School District, Ontario-Montclair School District. Nearby schools include Berlyn Elementary School, Vina Danks Middle School and Chaffey High School. 820 Richland Street is a 8-bed, 4-bath, 3,432 sqft multi-family home built in 1963.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REALTY WORLD ALL STARS, Doreen Orabona, DRE #01205893; REALTY WORLD ALL STARS, Kimberlee Pelletier, DRE #01880231

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.