NOT LISTED FOR SALE

16409 Orange Way Fontana, CA 92335

Estimated Value: $629,928 - $938,000

4 Beds
3 Baths
1,904 Sq Ft
$377/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $387,000 $203 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,341/month

146 Days on Market

Highlights

  • No HOA
  • 5 Detached Carport Spaces
  • 1-Story Property
  • Laundry Room

About This Home

As of August 2018

Awesome central location in the City of Fontana. Triplex features a two bedroom unit with private yard and 2 one bedroom units. Each unit is in its own separate building!!! There is ample carport and public street parking for all units!!! This investment property is centrally located to schools, downtown Fontana, the train station, shopping, parks and transportation including nearby freeways!!!

Last Agent to Sell the Property

Pablo Velasquez

Advance Realty License #00943251 Listed on: 02/21/2018

Last Buyer's Agent

Daniel Valencia

EXCEL MANAGERS License #00948464

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 10,750 Sq Ft Lot
  • No Common Walls

Home Design

  • Triplex

Interior Spaces

  • 1,904 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 4 Open Parking Spaces
  • 9 Parking Spaces
  • 5 Detached Carport Spaces
  • Driveway Level
  • On-Street Parking
  • Assigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 35
  • Tax Tract Number 28
  • Assessor Parcel Number 0191211350000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $1,600
  • Trash Expense $480
  • Water Sewer Expense $720
  • New Taxes Expense $6,200
  • Operating Expense $9,000
  • Gross Income $18,000
  • Net Operating Income $21,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

10,750 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 720.00
  • Zoning: M-1
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 0191211350000
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 203.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking Features: Assigned, Carport, Detached Carport, Asphalt, Driveway Level, Street
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size: 50 by 215
  • Lot Size Sq Ft: 10750.00

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 864 Square Feet
  • Average Studio Area: 520 Square Feet
  • Gross Income: 18000.00
  • Gross Operating Income: 30900.00
  • Gross Scheduled Income: 30900.00
  • Insurance Expense: 1600.00
  • Net Operating Income: 21900.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 9000.00
  • Operating Expense Percent: 29.00
  • Rent Control: No
  • Total Actual Rent: 2575.00
  • Total Expenses: 9000.00

Tax Info

  • New Taxes Expense: 6200.00
  • Tax Census Tract: 28.04
  • Tax Lot: 35
  • Tax Tract Number: 28.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2018
Closed on
Aug 27, 2018
Sold by
Ibarra Tomas
Bought by
Bustamante Homer R
Seller's Agent
Pablo Velasquez
Advance Realty
Buyer's Agent
Daniel Valencia
EXCEL MANAGERS
List Price
$496,000
Sold Price
$387,000
Premium/Discount to List
-$109,000
-21.98%
Current Estimated Value
$717,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,232
Avg. Annual Appreciation
8.52%
Original Mortgage
$119,700
Outstanding Balance
$104,170
Interest Rate
4.5%
Mortgage Type
Seller Take Back
Estimated Equity
$613,062

Purchase Details

Closed on
Feb 19, 2015
Sold by
Ibarra Laura R
Bought by
Ibarra Thomas

Purchase Details

Closed on
Sep 30, 2008
Sold by
Ibarra Tomas
Bought by
Ibarra Laura R

Purchase Details

Closed on
Apr 3, 2002
Sold by
Terriquez Ricardo
Bought by
Ibarra Tomas and Ibarra Laura R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,750
Interest Rate
6.89%
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Bustamante Homer R $387,000 Ticor Title
Ibarra Thomas -- None Available
Ibarra Laura R -- None Available
Ibarra Tomas $162,500 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bustamante Homer R $119,700
Previous Owner Ibarra Tomas $113,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2018 08/31/18 Sold $387,000 -3.0% $203 / Sq Ft
07/17/2018 07/17/18 Pending -- -- --
05/18/2018 05/18/18 Price Changed $399,000 -19.6% $210 / Sq Ft
02/21/2018 02/21/18 For Sale $496,000 -- $261 / 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 $7,309 $431,706 $122,707 $308,999
2024 $6,825 $423,241 $120,301 $302,940
2023 $5,328 $414,942 $117,942 $297,000
2022 $5,272 $406,805 $115,629 $291,176
2021 $5,201 $398,829 $113,362 $285,467
2020 $5,206 $394,740 $112,200 $282,540
2019 $5,029 $387,000 $110,000 $277,000
2018 $3,177 $210,987 $51,934 $159,053
2017 $3,098 $206,850 $50,916 $155,934
2016 $2,996 $202,794 $49,918 $152,876
2015 $2,925 $199,748 $49,168 $150,580
2014 $2,899 $195,835 $48,205 $147,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18042339

California Regional Multiple Listing Service (CRMLS)

APN: 0191-211-35

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