Sold for $3,150,000

Listing Provided by: Lee & Associates

Bought with: STEVEN BREMER, BROKER

$3,150,000

12811 9th St, Chino, CA 91710

16beds

10baths

8,464sqft

Multi Family

Built in 1980

-- sqft lot

$1,192,600 Zestimate^®

$372/sqft

$2,853 Estimated rent

Home value

$1,192,600

$990,000 - $1.47M

$2,853/mo

Zestimate^® history

Owner options

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$2,853/mo

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$2,853/mo

Rent Zestimate^®

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$19,649/mo

Est. payment

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$19,649/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 10

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 8,464
Total interior livable area: 8,464 sqft

Property

Parking

Total spaces: 20
Parking features: Assigned
Garage spaces: 10
Uncovered spaces: 10

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None

Lot

Size: 0.40 Acres
Features: Garden, Lawn, Landscaped

Details

Parcel number: 1015612170000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1980

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Community

Community features: Curbs, Street Lights, Sidewalks, Urban

Location

Region: Chino

Other

Other facts

Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange

Price history

Date	Event	Price
5/17/2024	Sold	$3,150,000$372/sqft
Source: CRMLS #SR24069187 Report a problem
5/9/2024	Pending sale	$3,150,000$372/sqft
Source: CRMLS #SR24069187 Report a problem
4/8/2024	Listed for sale	$3,150,000$372/sqft
Source: CRMLS #SR24069187 Report a problem
8/29/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
8/18/2022	Listed for rent	$1,950
Source: Zillow Rental Manager Report a problem
8/10/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
7/29/2022	Listed for rent	$1,950+13%
Source: Zillow Rental Manager Report a problem
2/24/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
2/16/2021	Listed for rent	$1,725+23.7%
Source: Zillow Rental Manager Report a problem
3/30/2020	Listing removed	$1,395
Source: Carroll Property Management, Inc. Report a problem
3/26/2020	Price change	$1,395-6.7%
Source: Carroll Property Management, Inc. Report a problem
3/23/2020	Listed for rent	$1,495
Source: Carroll Property Management, Inc. Report a problem