NOT LISTED FOR SALE

16095 Dorsey Ave Fontana, CA 92335

Estimated Value: $1,048,000 - $1,162,000

8 Beds
4 Baths
3,220 Sq Ft
$344/Sq Ft Est. Value

Last Sold February 05, 2020

Last sale price $717,500 $223 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,947/month

15 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Central Heating and Cooling System
  • Two cooling system units

About This Home

As of February 2020

Great Investment Opportunity to own this 4 Plex Built in 1981. Pride of ownership. Located in 1 mile from the Fontana High School and 10 Miles from the Ontario International Airport. Fully Rented. Lower level 2 units and upper level 2 units. All 4 units have 2 large bedrooms and 1 bath. Washer & dryer hook ups. Each unit has one car port and one outside parking space. Fantastic Investment opportunity to own a 4 Plex in a wonderful area with positive cash flow. Centrally located between the 10 and 210 Fwys. Close to schools, Restaurants, shopping and transportation.Buyer to complete their own due diligence in regard to all aspects of property including but not limited to square footage,income,expenses and rent schedules. PLEASE DO NOT DISTURB TENANTS. DRIVE BY ONLY.

Last Agent to Sell the Property

Bruce Kwon

IRN Realty License #01035513 Listed on: 12/12/2019

IRN Realty

Last Buyer's Agent

Ramiro Solano

REDFIN CORPORATION License #02020640

REDFIN CORPORATION

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,524

Year Built

  • Built in 1981

Lot Details

  • 8,160 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • 3,220 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Two cooling system units
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 10390

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $1,300
  • Water Sewer Expense $1,500
  • New Taxes Expense $7,500
  • Operating Expense $11,500
  • Gross Income $58,800
  • Net Operating Income $47,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,524

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 222.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Sewer Paid
  • Trash Expense: 1300.00
  • Water Source: Public
  • Cooling: Central Air, Dual, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 8160.00
  • Lot Size Acres: 0.1873

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 58800.00
  • Gross Scheduled Income: 58800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8160.0000 Square Feet
  • Net Operating Income: 47300.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 11500.00
  • Rent Control: No
  • Total Expenses: 11500.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Lot: 19
  • Tax Tract Number: 10390

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2019
Closed on
Jan 13, 2020
Sold by
Chun Sang Yeol and Chun Bok Hee
Bought by
Solano Ramiro P and Solano Patricia H
Seller's Agent
Bruce Kwon
IRN Realty
Buyer's Agent
Ramiro Solano
REDFIN CORPORATION
List Price
$739,800
Sold Price
$717,500
Premium/Discount to List
-$22,300
-3.01%
Current Estimated Value
$1,114,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,539
Avg. Annual Appreciation
8.04%
Original Mortgage
$397,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2018
Sold by
Desilva Alex De
Bought by
Chun Sang Yeol and Chun Bok Hee

Purchase Details

Closed on
Dec 4, 2007
Sold by
Jayasinghe Walter
Bought by
Jayasinghe Walter and Jayasinghe Aeshea

Purchase Details

Closed on
Sep 20, 2006
Sold by
Jayasinghe Walter
Bought by
Jayasinghe Walter and Jayasinghe Aeshea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,300
Interest Rate
6.53%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 18, 2004
Sold by
Thibodeau Cathy J
Bought by
Desilva Alex and Desilva Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2003
Sold by
Thibodeau Cathy J
Bought by
Thibodeau Cathy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,800
Interest Rate
5.6%

Purchase Details

Closed on
Nov 6, 2002
Sold by
Henrick Gerald C
Bought by
Thibodeau Cathy J and Cathy J Thibodeau Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,150
Interest Rate
5.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 12, 2001
Sold by
Washington Mutual Bank Fa
Bought by
Henrick Gerald C and Henrick Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
7.12%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 4, 2000
Sold by
Moreno Israel
Bought by
Washington Mutual Bank Fa
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
Solano Ramiro P $717,500 Corinthian Title
Chun Sang Yeol $594,000 Chicago Title Company
Jayasinghe Walter -- Accommodation
Jayasinghe Walter -- Accommodation
Jayasinghe Walter -- Ticor Title Company Of Ca
Desilva Alex $490,000 Ticor Title Company
Thibodeau Cathy J -- First American
Thibodeau Cathy J -- First American
Henrick Gerald C $162,000 Fidelity Title
Washington Mutual Bank Fa $162,164 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solano Ramiro P $370,000
Closed Solano Ramiro P $397,500
Previous Owner Jayasinghe Walter $179,300
Previous Owner Desilva Alex $367,500
Previous Owner Thibodeau Cathy J $202,800
Previous Owner Thibodeau Cathy J $228,150
Previous Owner Henrick Gerald C $129,600
Closed Thibodeau Cathy J $25,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2020 02/05/20 Sold $717,500 -3.0% $223 / Sq Ft
12/27/2019 12/27/19 Pending -- -- --
12/12/2019 12/12/19 For Sale $739,800 +24.6% $230 / Sq Ft
10/19/2018 10/19/18 Sold $593,800 +1.5% $184 / Sq Ft
07/18/2018 07/18/18 For Sale $585,000 -1.5% $182 / Sq Ft
07/16/2018 07/16/18 Off Market $593,800 -- --
07/16/2018 07/16/18 For Sale $585,000 -1.5% $182 / Sq Ft
07/08/2018 07/08/18 Off Market $593,800 -- --
07/07/2018 07/07/18 For Sale $585,000 -- $182 / 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 $9,524 $784,694 $199,592 $585,102
2024 $9,524 $769,307 $195,678 $573,629
2023 $9,207 $754,222 $191,841 $562,381
2022 $9,124 $739,433 $188,079 $551,354
2021 $9,003 $724,934 $184,391 $540,543
2020 $7,798 $605,880 $167,280 $438,600
2019 $7,536 $594,000 $164,000 $430,000
2018 $7,415 $568,700 $105,100 $463,600
2017 $6,972 $529,100 $97,800 $431,300
2016 $6,127 $460,000 $85,000 $375,000
2015 $6,196 $470,000 $95,000 $375,000
2014 $5,785 $428,000 $60,000 $368,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR19278278

California Regional Multiple Listing Service (CRMLS)

APN: 0232-191-20