NOT LISTED FOR SALE

16020 Valencia Ct Fontana, CA 92335

Estimated Value: $682,527 - $1,167,000

6 Beds
3 Baths
2,484 Sq Ft
$351/Sq Ft Est. Value

Sale Details

Date Sold: December 13, 2023

Last sale price $1,179,000 $475 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $4,876 / mo

4 Days on Market

Highlights

  • Open Floorplan
  • Multi-Level Bedroom
  • Quartz Countertops
  • Mountain View
  • Modern Architecture
  • No HOA

About This Home

As of December 2023

Investors look no further, a great Income opportunity triplex in the beautiful city of Fontana. Turnkey building that has been completely remodeled inside out. New roof has been installed, New Windows, New Garage Doors, New exterior and interior doors, brand new upgraded electrical panel 100am on each unit, new outlets and switches, washer and dryer hook up inside each unit and many more features.
Each unit has spacious 2-bedroom one bath, Open floor plan from the kitchen to the dining area, brand new bathtub and modern gray vanity. It features Brand new white shaker style kitchen cabinets, Beautiful modern gray quartz, brand new appliances and water heater. Each unit has brand new central AC unit, New Handler, Modern Fans in each bedroom, and new light fixtures though out the unit.
Each unit has modern gray tile along with new carpet in the bedrooms. Each unit has a separate electric meter, its own garage, and additional parking spot outside the building and a large space in back of units for additional parking. Centrally located between 10 and 210 freeways. Close to schools, restaurants, shopping, transportation.

Last Agent to Sell the Property

Elizabeth Rivera

Above Standards Realty License #01354720 Listed on: 10/23/2023

Last Buyer's Agent

Ken Galasso

SIERRA REALTY FONTANA INC License #00570875

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982 | Remodeled

Lot Details

  • 8,100 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • 5 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Parking Lot
  • Assigned Parking

Home Design

  • Triplex
  • Modern Architecture
  • Entry on the 1st floor
  • Turnkey
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,484 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Living Room
  • Mountain Views
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Electric Range
  • Range Hood
  • Quartz Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Multi-Level Bedroom
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 2
  • Tax Tract Number 10514
  • Assessor Parcel Number 0232201020000
  • $1,062 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Foothills

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Other Expense $7,200
  • Water Sewer Expense $1,800
  • Operating Expense $9,000
  • Gross Income $82,200
  • Net Operating Income $73,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1982 | Remodeled

Lot Details

8,100 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 7.00
  • Property Attached: No
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Modern
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 0232201020000
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Quartz Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 474.64
  • Room Type: Kitchen, Living Room, Multi-Level Bedroom

Exterior Features

  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Rear, Parking Space
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Range Hood
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard
  • Lot Size Sq Ft: 8100.00
  • Lot Size Acres: 0.1860

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 82200.00
  • Gross Operating Income: 82200.00
  • Gross Scheduled Income: 82200.00
  • Lot Size Area: 8100.0000 Square Feet
  • Net Operating Income: 73200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 9000.00
  • Other Expense: 7200.00
  • Other Expense Description: prop tax
  • Rent Control: No
  • Total Expenses: 9000.00

Tax Info

  • Tax Census Tract: 24.06
  • Tax Lot: 2
  • Tax Tract Number: 10514
  • TaxOtherAnnualAssessmentAmount: 1062.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2023
Closed on
Nov 28, 2023
Sold by
Patron Investments Llc
Bought by
City Of Fontana
Seller's Agent
Elizabeth Rivera
Above Standards Realty
Buyer's Agent
Ken Galasso
SIERRA REALTY FONTANA INC
List Price
$1,179,000
Sold Price
$1,179,000
Views
30
Current Estimated Value
$872,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$306,824
Avg. Annual Appreciation
-11.85%

Purchase Details

Listed on
Mar 5, 2023
Closed on
Mar 31, 2023
Sold by
Venegas Ralph and Venegas Debra J
Bought by
Patron Investments Llc
Seller's Agent
Suzi Dunkel-Soto
Century 21 Village Realty
Buyer's Agent
Elizabeth Rivera
Above Standards Realty
List Price
$625,000
Sold Price
$606,000
Premium/Discount to List
-$19,000
-3.04%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
158.77%

Purchase Details

Closed on
Jun 13, 2000
Sold by
Swingle Malcolm P Tr
Bought by
Venegas Ralph and Venegas Debra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,600
Interest Rate
8.19%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
City Of Fontana -- Orange Coast Title
Patron Investments Llc $606,000 Fidelity National Title Compan
Venegas Ralph $134,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Venegas Ralph $107,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/13/2023 12/13/23 Sold $1,179,000 0.0% $475 / Sq Ft
10/27/2023 10/27/23 Pending -- -- --
10/23/2023 10/23/23 For Sale $1,179,000 +94.6% $475 / Sq Ft
03/31/2023 03/31/23 Sold $606,000 -3.0% $244 / Sq Ft View Prior Sale
03/23/2023 03/23/23 For Sale $625,000 +3.1% $252 / Sq Ft
03/13/2023 03/13/23 Off Market $606,000 -- --
03/13/2023 03/13/23 For Sale $625,000 +3.1% $252 / Sq Ft
03/12/2023 03/12/23 Off Market $606,000 -- --
03/05/2023 03/05/23 For Sale $625,000 -- $252 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 -- -- -- --
2024 $3,019 -- -- --
2023 $3,019 $194,804 $50,694 $144,110
2022 $2,972 $190,984 $49,700 $141,284
2021 $2,930 $187,239 $48,725 $138,514
2020 $2,941 $185,319 $48,225 $137,094
2019 $2,833 $181,685 $47,279 $134,406
2018 $2,813 $178,123 $46,352 $131,771
2017 $2,736 $174,630 $45,443 $129,187
2016 $2,640 $171,206 $44,552 $126,654
2015 $2,574 $168,635 $43,883 $124,752
2014 $2,547 $165,331 $43,023 $122,308
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23187055

California Regional Multiple Listing Service (CRMLS)

APN: 0232-201-02

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