NOT LISTED FOR SALE

16654 Orange Way Fontana, CA 92335

Estimated Value: $574,290 - $962,000

8 Beds
4 Baths
3,072 Sq Ft
$252/Sq Ft Est. Value

Last Sold March 22, 2016

Last sale price $537,000 $175 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,491/month

5 Days on Market

Highlights

  • Property is near public transit
  • 3-minute walk to Fontana
  • Double Pane Windows
  • Traditional Architecture
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of March 2016

Listing consists of two duplexes, each duplex on a separate lot. Addresses are 16654, 16658, 16666 and 16670 Orange Way, Fontana. Each unit has newly installed kitchen cabinets and granite counter tops. Newly poured concrete driveway, new garage doors, exterior recently painted. Tenants pay all utilities including water, trash, gas, electricity and are responsible for landscaping maintenance.

Last Agent to Sell the Property

Craig Nelson

Nelson Investment Enterprises License #00557767 Listed on: 02/15/2016

Last Buyer's Agent

Eric Ruvalcaba

THE WHITING CO REALTORS, INC. License #01463628

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,866

Year Built

  • Built in 1953

Lot Details

  • 8,280 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Front Yard Sprinklers

Parking

  • 4 Car Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Single Garage Door
  • Shared Driveway
  • Unassigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,072 Sq Ft Home
  • Double Pane Windows
  • Window Screens
  • Living Room
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 220 Volts in Kitchen
  • Sewer Paid

Additional Features

  • No Interior Steps
  • Rain Gutters
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care, repairs, trash collection, water
  • Legal Lot and Block 5 / 1
  • Tax Tract Number 2804
  • Assessor Parcel Number 0191241470000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,332
  • Maintenance Expense $1,329
  • Professional Management Expense $2,952
  • New Taxes Expense $3,437
  • Gross Income $4,100
  • Net Operating Income $39,022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,866

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 7.80
  • Improvements Amount: 153738
  • Price Per Unit: 124875
  • Professional Management Expense: 2952.00
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 0191241470000
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 174.80
  • Room Type: Living Room
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • Fencing: Block, Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Asphalt, Garage - Single Door, Shared Driveway, Built-In Storage, Unassigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters

Lot Info

  • Land Value: 69886
  • Lot Features: Front Yard, Rectangular Lot, Lot 6500-9999, Paved, Sprinklers In Front, Near Public Transit
  • Lot Size Sq Ft: 8280.00
  • Price Per Lot Square Foot: 64.86
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, Repairs, Trash Collection, Water

Multi Family

  • Average2 Bed Area: 768
  • Gross Income: 4100.00
  • Gross Multiplier: 10.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 1332.00
  • Lot Size Area: 8280.0000 Square Feet
  • Maintenance Expense: 1329.00
  • Net Operating Income: 39022.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 3
  • Number With Carpet: 4
  • Operating Expense: 9194.00
  • Operating Expense Percent: 8.00
  • Rent Control: No
  • Total Actual Rent: 4100.00
  • Vacancy Allowance: 2
  • Vacancy Allowance Rate: 984.00

Tax Info

  • New Taxes Expense: 3437.00
  • Tax Block: 1
  • Tax Lot: 5
  • Tax Tract Number: 002804

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2017
Sold by
Ruvalcaba Jose L and Ruvalcaba Aleja
Bought by
Ruvalcaba Jose Luis and Ruvalcaba Aleja
Current Estimated Value
$772,823

Purchase Details

Listed on
Feb 15, 2016
Closed on
Mar 1, 2016
Sold by
Chen Tyrone and Wang Chen Tong
Bought by
Ruvalcaba Jose L and Ruvalcaba Aleja
Seller's Agent
Craig Nelson
Nelson Investment Enterprises
Buyer's Agent
Eric Ruvalcaba
THE WHITING CO REALTORS, INC.
List Price
$499,500
Sold Price
$537,000
Premium/Discount to List
$37,500
7.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.87%

Purchase Details

Closed on
Jul 1, 2000
Sold by
Chen Tyrone
Bought by
Chen Tyrone and Wang Chen Tong

Purchase Details

Closed on
Dec 12, 1994
Sold by
Tokay 78 Associates
Bought by
Chen Tyrone and Wang Chen Tong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
8%
Source: Public Records

Range of Values:

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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
Ruvalcaba Jose Luis -- None Available
Ruvalcaba Jose L $537,000 First American Title
Chen Tyrone -- First American Title
Chen Tyrone -- --
Chen Tyrone -- United Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Tyrone $108,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2016 03/22/16 Sold $537,000 +7.5% $175 / Sq Ft
02/20/2016 02/20/16 Pending -- -- --
02/15/2016 02/15/16 For Sale $499,500 -- $163 / 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 $4,866 $317,850 $111,277 $206,573
2024 $4,866 $311,618 $109,095 $202,523
2023 $3,859 $305,508 $106,956 $198,552
2022 $3,821 $299,518 $104,859 $194,659
2021 $3,770 $293,645 $102,803 $190,842
2020 $3,772 $290,634 $101,749 $188,885
2019 $4,235 $284,935 $99,754 $185,181
2018 $3,659 $279,348 $97,798 $181,550
2017 $1,821 $115,788 $36,186 $79,602
2016 $1,757 $113,517 $35,476 $78,041
2015 $1,787 $111,812 $34,943 $76,869
2014 $1,696 $109,622 $34,259 $75,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR16031133

California Regional Multiple Listing Service (CRMLS)

APN: 0191-241-46