D
Seller's Agent in 2014
David Lin
MARCUS & MILLICHAP
16858 Reed St Fontana, CA 92336
3
Beds
2
Baths
12,540
Sq Ft
0.74
Acres
Highlights
- Gated Community
- No HOA
- Forced Air Heating and Cooling System
- Wood Flooring
- Laundry Room
About This Home
As of November 2014We are pleased to exclusively present the Casa Linda Apartments. The subject property is situated in the city of Fontana, California. Built in 1990, this two-story building consists of 11 spacious townhouse units offering 100 percent three-bedroom/two-bath units with an average of 1,140 square feet. The building has pitched roofs, 11 single-car garages with assigned and visitor parking. The complex is enclosed by a security gate and includes an on-site laundry facility. All units are individually metered for gas and electricity with separate water heaters. An estimated $30,000 in renovations were completed in 2013 and 2014 including new paint, carpet and hardwood flooring, tile, central air, heat, kitchen appliances and bathrooms. Each unit offers a fire sprinkler system, enclosed back patio, dishwasher, stove, a walk in closet and vaulted ceilings. Six of the 11 units are currently paying below market rents at $1,180-1,300. The property's newer construction and recent upgrades provide a new owner the opportunity to increase rents and add value. This offering is an ideal investment for an investor pursuing a newer construction, low maintenance property in the West Inland Empire with a stable cash flow.
Last Agent to Sell the Property
David Lin
MARCUS & MILLICHAP License #01894476 Listed on: 08/04/2014
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1990
Lot Details
- 0.74 Acre Lot
- Two or More Common Walls
- Electric Fence
- Density is 11-15 Units/Acre
Parking
- 11 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
- Spanish Tile Roof
Interior Spaces
- 12,540 Sq Ft Home
- Wood Flooring
- Laundry Room
Kitchen
- Gas Cooktop
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Home Security
- Fire and Smoke Detector
- Fire Sprinkler System
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tax Lot 78
- Tax Tract Number 1852
- Assessor Parcel Number 0190153040000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 11 Units
Building Details
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,466
- Gardener Expense $5,148
- Insurance Expense $3,575
- Maintenance Expense $11,296
- Other Expense $2,200
- Professional Management Expense $6,645
- Trash Expense $3,385
- Water Sewer Expense $3,751
- New Taxes Expense $23,750
- Gross Income $14,562
- Net Operating Income $103,995
Additional Features
- Laundry Facilities
- Gated Community
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/26/2014 11/26/14 | Sold | $1,880,000 | -6.0% | $150 / Sq Ft |
| 08/29/2014 08/29/14 | Pending | -- | -- | -- |
| 08/04/2014 08/04/14 | For Sale | $2,000,000 | -- | $159 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Samir Rai
Buyer's Agent in 2014
Samir Rai
Keystone Realty Group
(909) 994-9090
74 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV14165926
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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