NOT LISTED FOR SALE

16015 Dorsey Ave Fontana, CA 92335

Estimated Value: $891,000 - $927,000

6 Beds
3 Baths
2,415 Sq Ft
$374/Sq Ft Est. Value

Last Sold January 21, 2021

Last sale price $638,000 $264 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,608/month

48 Days on Market

About This Home

As of January 2021

Very nice investment opportunity! Pride of ownership of a fully rented 3 plex property. 1 lower level unit and 2 upper level units. Each unit has two large bedrooms with 1 bathroom and 1 garage. Washer and Dryer hook ups. Centrally located between the 10 and 210 freeways. Conveniently located close to schools, restaurants, shopping and transportation. Unit is fully rented, please do not disturb the tenants and drive by only.

Last Agent to Sell the Property

Bruce Kwon

IRN Realty License #01035513 Listed on: 08/18/2020

IRN Realty

Co-Listed By

Vince Kwon

IRN Realty License #01778421

Last Buyer's Agent

George Reyes

DILIGENCE GROUP, INC. License #01387813

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,129

Year Built

  • Built in 1981

Lot Details

  • 7,600 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac

Parking

  • 3 Car Garage

Home Design

  • 2,415 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 10390
  • Assessor Parcel Number 0232191120000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $1,000
  • Trash Expense $1,440
  • Water Sewer Expense $1,500
  • New Taxes Expense $6,400
  • Operating Expense $11,060
  • Gross Income $44,460
  • Net Operating Income $33,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,129

Year Built

Built in 1981

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 0232191120000
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 264.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 7600.00
  • Lot Size Acres: 0.1745

Multi Family

  • Gross Income: 44460.00
  • Gross Scheduled Income: 44460.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7600.0000 Square Feet
  • Net Operating Income: 33400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 11060.00
  • Rent Control: No
  • Total Actual Rent: 3705.00
  • Total Expenses: 11060.00

Tax Info

  • New Taxes Expense: 6400.00
  • Tax Lot: 19
  • Tax Tract Number: 10390

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2020
Sold by
Rho Young Chul and Rho Young Sim
Bought by
Cohen Jay Christian
Current Estimated Value
$900,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,968
Interest Rate
2.71%
Mortgage Type
VA

Purchase Details

Listed on
Mar 26, 2019
Closed on
Apr 10, 2019
Sold by
Espinoza Thomas
Bought by
Rho Young Chul and Rho Young Sim
Seller's Agent
Thomas Espinoza
Graff Real Estate
Buyer's Agent
Bruce Kwon
IRN Realty
List Price
$539,000
Sold Price
$512,000
Premium/Discount to List
-$27,000
-5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.69%

Purchase Details

Closed on
Feb 25, 2011
Sold by
U S Bank National Association
Bought by
Espinoza Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,073
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 10, 2010
Sold by
Martin Mario
Bought by
Us Bank National Association

Purchase Details

Closed on
Dec 31, 2008
Sold by
Martin Mario
Bought by
Us Bank National Association

Purchase Details

Closed on
Sep 27, 2005
Sold by
Romero Ronoel
Bought by
Martin Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,500
Interest Rate
7.05%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 4, 2003
Sold by
Mendez Hugo Edgardo
Bought by
Demendez Yanira Delcarmen Romero

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2003
Sold by
Coffin Edward M
Bought by
Romero Ronoel and Romero Blanca Dinora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cohen Jay Christian $638,000 Provident Title Company
Rho Young Chul $512,000 Ticor Title
Espinoza Thomas $220,000 Stewart Title Co Glendale
Us Bank National Association $198,000 Stewart Title Co Glendale
Us Bank National Association $240,000 Stewart Title Co Glendale
Martin Mario $495,000 First American Dg
Demendez Yanira Delcarmen Romero -- First American
Romero Ronoel $289,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cohen Jay $79,500
Open Cohen Jay Christian $664,405
Previous Owner Cohen Jay Christian $660,968
Previous Owner Espinoza Thomas $36,800
Previous Owner Espinoza Thomas $279,073
Previous Owner Martin Mario $25,000
Previous Owner Martin Mario $445,500
Previous Owner Martin Mario $9,669
Previous Owner Romero Ronoel $231,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2021 01/21/21 Sold $638,000 0.0% $264 / Sq Ft
10/07/2020 10/07/20 Off Market $638,000 -- --
10/07/2020 10/07/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $628,000 -1.6% $260 / Sq Ft
08/18/2020 08/18/20 Off Market $638,000 -- --
06/07/2019 06/07/19 Sold $512,000 -5.0% $212 / Sq Ft
05/10/2019 05/10/19 For Sale $539,000 +5.3% $223 / Sq Ft
05/02/2019 05/02/19 Off Market $512,000 -- --
03/26/2019 03/26/19 For Sale $539,000 -- $223 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $8,129 $690,592 $176,437 $514,155
2024 $8,129 $677,051 $172,977 $504,074
2023 $7,864 $663,775 $169,585 $494,190
2022 $7,797 $650,760 $166,260 $484,500
2021 $6,583 $527,650 $156,646 $371,004
2020 $6,585 $522,240 $155,040 $367,200
2019 $3,591 $252,557 $74,653 $177,904
2018 $7,051 $247,605 $73,189 $174,416
2017 $7,296 $242,750 $71,754 $170,996
2016 $3,592 $237,990 $70,347 $167,643
2015 $3,317 $234,415 $69,290 $165,125
2014 $3,291 $229,823 $67,933 $161,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR20168796

California Regional Multiple Listing Service (CRMLS)

APN: 0232-191-12