Ontario, CA 91761 623 E Elm Street
$1,035,000
42 more
Presented By: Adrian Soumeeh with Amir Soumeeh, Broker; 9492943950
Beds • 3
Baths • 2
SQFT • 1,945
Year Built • 1958
Home Details
Two Homes on One Lot. The first residence is a beautifully renovated, expansive 1,200 sq. ft. single-story home featuring 3 spacious bedrooms and 2 pristine bathrooms, blending modern design with thoughtful craftsmanship. Adjacent to this, a newly constructed, contemporary 745 sq. ft. single-story unit with 2 bedrooms and 2 bathrooms boasts high-end finishes and meticulous attention to detail.
This property is more than just a home—it's a versatile investment, perfect for those seeking a stylish primary residence or an income-generating asset with strong cash flow potential. Whether you're looking to live in one and lease the other, or maximize your investment with both units, this property offers ease of management and a truly remarkable value. Don’t miss the opportunity to experience this gem firsthand.
Presented By: Adrian Soumeeh with Amir Soumeeh, Broker; 9492943950
Interior Features for 623 E Elm Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasherHookup, ElectricDryerHookup
Total Stories1
Other Rooms
Entry Level
General for 623 E Elm Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.47
Carport Y/NNo
CityOntario
Community FeaturesSidewalks
Contingencynone
CoolingCentralAir
CountySan Bernardino
DirectionsUse map
Electric Expense1800.0
Electric On Property Y/NNo
Entry Locationground
Expected Active Date 2025-02-25
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income87600.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense1650.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan
Lot Size Square Feet5675.0
Lot Size UnitsSquareFeet
MLS Area686 - Ontario
MobileHomeRemainsYNNo
Net Operating Income69557.0
New ConstructionYes
Number Of Units Total2
Number of Units Leased0
Operating Expense18043.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalSingleFamilyResidence
Property SubtypeSingleFamilyResidence
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot11
Tenant PaysNone
Total Actual Rent0.0
Trash Expense0.0
Water Sewer Expense1800.0
Waterfront Y/NNo
Year Built1958
Year Built SourceAssessor
Exterior for 623 E Elm Street
Building Area Total1945.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesPaved
Lot Size Acres0.1303
Lot Size Area5675.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters0
Number of Separate Gas Meters0
Number of Separate Water Meters0
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,035,000
MLS#OC25040859
List Date
02/24/2025
Property Type
Multi-Family
Phone
(562) 537-4182
