D
Seller's Agent in 2021
Dave Proctor
Pinnacle Estate Properties
(818) 422-3283
81 Total Sales
9251 Wheeler Ct Fontana, CA 92335
Estimated Value: $901,000 - $976,000
5
Beds
5
Baths
2,792
Sq Ft
$337/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Lawn
- Neighborhood Views
- Traditional Architecture
- No HOA
- Cul-De-Sac
About This Home
As of November 2021INCREDIBLE UPSIDE! Opportunity to own this amazing future cash cow! GREAT LOCATION! WALKING DISTANCE TO SHOPPING FOR TENANTS - VERY NICE HIGH PRIDE OF OWNERSHIP NEIGHBORHOOD. This 4Plex is located in one of the most desirable multifamily locations in the area and all 4 units have there own private exclusive single car garages. This complex is perfectly situated near Kaiser Hospital and the 10 Freeway in Fontana. The city of Fontana is centrally located, just minutes down the freeway to Los Angeles County, Orange County, or into the Inland Empire. By purchasing in Fontana, an owner sees the higher returns of the Inland Empire Apartment Market, and yet benefits from being just down the freeway to the much more expensive LA/Orange multifamily markets so you get the great returns in a great location!
This bedroom / bath mix consists of: One unit that's 2 bedroom's, 2 bath's, and three units that are 1 bedroom's, 1 bath's. The units are in nice condition and the property has had some recent upgrades which include: Unit #A (2 bedroom)had new flooring, paint, stove & plumbing upgrades in both bathrooms in August 2021. Unit #B -Some plumbing upgrades in the last few months, A/C repairs a few years ago. Unit #C had new flooring, paint, stove installed approximately 1 year ago. Unit #D had new flooring, plumbing upgrades and repairs to the central A/C unit last month. Other improvements include a newer water heater in the shared laundry room. The returns are outstanding!! While actual current rents are low, they are month to month. And at market rents, this investment really performs! At actual rents, at $39,000 annual gross income. At market rents, the property should generate approximately $80,820. annual gross rent. Please see attached marketing package.
Last Agent to Sell the Property
Pinnacle Estate Properties License #01182757 Listed on: 09/16/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,299
Year Built
- Built in 1978
Lot Details
- 8,100 Sq Ft Lot
- 1 Common Wall
- Cul-De-Sac
- Wood Fence
- Rectangular Lot
- Lawn
- Back and Front Yard
Parking
- 4 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Driveway
- Assigned Parking
Home Design
- Traditional Architecture
- Quadruplex
- Slab Foundation
Interior Spaces
- 2,792 Sq Ft Home
- 2-Story Property
- Neighborhood Views
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Location
- Property is near public transit
Utilities
- Central Air
- Central Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 5
- Tax Tract Number 7096
- Assessor Parcel Number 0194032140000
- $1,530 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $360
- Gardener Expense $900
- Insurance Expense $1,505
- Other Expense $960
- Pest Control $528
- Trash Expense $2,465
- Water Sewer Expense $5,450
- Operating Expense $12,168
- Gross Income $1,100
- Net Operating Income $26,832
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2021
Closed on
Oct 13, 2021
Sold by
Sidhu Satinder P S and Sidhu Kuljit
Bought by
Yu Xueying and Ding Huiren
Seller's Agent
Dave Proctor
Pinnacle Estate Properties
Buyer's Agent
Judith Liu
RE/MAX CHAMPIONS
List Price
$779,000
Sold Price
$810,000
Premium/Discount to List
$31,000
3.98%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,760
Avg. Annual Appreciation
3.87%
Original Mortgage
$567,000
Outstanding Balance
$518,612
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$423,148
Purchase Details
Closed on
Jun 12, 2013
Sold by
Sidhu Satinder P S
Bought by
Sidhu Md Satinder P S and Sidhu Kuljit
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
3.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 22, 2004
Sold by
Sidhu Satinder S
Bought by
Sidhu Md Satinder P S and Sidhu Kuljit
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,500
Interest Rate
5.72%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 13, 2004
Sold by
Sidhu Satinder Ps and Sidhu Kuljit
Bought by
Sidhu Md Satinder P S and Sidhu Kuljit
Purchase Details
Closed on
Mar 17, 2003
Sold by
Chism Robert
Bought by
Sidhu Satinder Ps and Sidhu Kuljit
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
5.79%
Purchase Details
Closed on
Sep 4, 1998
Sold by
Mckinney Karen
Bought by
Chism Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,868
Interest Rate
6.92%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 20, 1998
Sold by
Betlem Henry and Betlem Jannigje C
Bought by
Chism Robert and Mckinney Karen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,868
Interest Rate
6.92%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yu Xueying | $810,000 | Priority Title Company | |
| Sidhu Md Satinder P S | -- | Lawyers Title Company | |
| Sidhu Satinder P S | -- | Lawyers Title | |
| Sidhu Md Satinder P S | -- | Investors Title Co Newportbc | |
| Sidhu Satinder P S | -- | Investors Title Co Newportbc | |
| Sidhu Md Satinder P S | -- | -- | |
| Sidhu Satinder Ps | $265,000 | Atc | |
| Chism Robert | -- | -- | |
| Chism Robert | $145,000 | Commonwealth Land Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Yu Xueying | $567,000 | |
| Previous Owner | Sidhu Satinder P S | $213,000 | |
| Previous Owner | Sidhu Satinder P S | $242,500 | |
| Previous Owner | Sidhu Satinder Ps | $238,500 | |
| Previous Owner | Chism Robert | $142,868 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/10/2021 11/10/21 | Sold | $810,000 | 0.0% | $290 / Sq Ft |
| 10/08/2021 10/08/21 | Price Changed | $809,900 | +4.0% | $290 / Sq Ft |
| 09/16/2021 09/16/21 | For Sale | $779,000 | -- | $279 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,299 | $859,578 | $169,793 | $689,785 |
| 2024 | $10,299 | $842,724 | $166,464 | $676,260 |
| 2023 | $9,962 | $826,200 | $163,200 | $663,000 |
| 2022 | $9,876 | $810,000 | $160,000 | $650,000 |
| 2021 | $5,029 | $354,585 | $88,647 | $265,938 |
| 2020 | $5,040 | $350,949 | $87,738 | $263,211 |
| 2019 | $4,862 | $344,068 | $86,018 | $258,050 |
| 2018 | $4,852 | $337,321 | $84,331 | $252,990 |
| 2017 | $4,743 | $330,706 | $82,677 | $248,029 |
| 2016 | $4,597 | $324,222 | $81,056 | $243,166 |
| 2015 | $4,495 | $319,351 | $79,838 | $239,513 |
| 2014 | $4,460 | $313,095 | $78,274 | $234,821 |
Source: Public Records
Agents Affiliated with this Home
-
Dave Proctor
-
Serena Ybarra
S
Seller Co-Listing Agent in 2021
Serena Ybarra
Pinnacle Estate Properties
(818) 687-5780
63 Total Sales
-
Judith Liu
Buyer's Agent in 2021
Judith Liu
RE/MAX
(626) 375-3501
30 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR21201994
APN: 0194-032-14
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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