NOT LISTED FOR SALE

7993 Lime Ave Fontana, CA 92336

12 Beds
9 Baths
51,908 Sq Ft
4.48 Acres

Last Sold December 14, 2012

Last sale price $5,520,000 $106 Per Sq Ft

639 Days on Market

Highlights

  • Above Ground Pool
  • Tennis Courts
  • Laundry Room
  • 4.48 Acre Lot

About This Home

As of December 2012

56 Units Built in 1986. Gated Community. All 2 Bedrooms on a Huge 4.48 Acre Lot. Close to everything, but yet very quiet! Good location in North Fontana. Located Amongst Brand New Housing Development. Close to Ontario Mills Mall. Approximately 6 blocks to Metrolink Station which makes it convenient for tenants’ commute to Los Angeles. Easy access to the 10, 15, and 210 freeways. High growth area. This gated community has an Separate gas and electric meters. Low expenses. Central Air Condition. Long term tenants. 7 buildings. Unit Mix: 28 - 2 bedrooms 2 baths and 28 – 2 bedrooms 1 bath. 51,908 rentable square feet. Average 927 sqft/Unit. 2 parking per unit(including car garage)! Great landscape. Well maintained. Property amenities include: gated community, swimming pool/spa, tennis court, basketball court, volley ball court, playground, and onsite laundry facilities. Assumable 5.85% fix rate Loan for first 10 years(Total 30 years). Loan balance is about $3,620,000 now. NO RENT CONTROL! only $114/sqft!!

Last Agent to Sell the Property

Benjamin Lin

1000 Realty Corporation License #01383988 Listed on: 02/28/2011

Last Buyer's Agent

Moin Tayebi

eXp Realty of Southern California, Inc License #01101788

eXp Realty of Southern California, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 4.48

Parking

  • 56 Car Garage

Home Design

  • 51,908 Sq Ft Home
  • Stucco

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Above Ground Pool
  • 4.48 Acre Lot

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 1110391010000

Community Details

Overview

  • 7 Buildings
  • 56 Units

Recreation

  • Tennis Courts
  • Sport Court
  • Community Playground
  • Community Pool

Building Details

  • 56 Separate Electric Meters
  • 56 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $7,827
  • Gardener Expense $5,040
  • Insurance Expense $13,677
  • Maintenance Expense $27,289
  • Other Expense $4,951
  • Professional Management Expense $13,200
  • Trash Expense $10,061
  • Water Sewer Expense $33,594
  • New Taxes Expense $77,314
  • Gross Income $52,700
  • Net Operating Income $427,948

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

56

Listing Details

  • Professional Management Expense: 13200.00
  • Water Sewer Expenses: 33594.00
  • Property Type: Residential Income
  • Gardener Expense: 5040.00
  • Parcel Number: 1110391010000
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished
  • Levels: Two
  • Price Per Square Foot: 106.34

Exterior Features

  • Pool Features: Above Ground
  • Pool Private: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 56.00
  • Total Parking Spaces: 112.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Trash Expense: 10061.00

Condo/Co-op/Association

  • Amenities: Playground, Pool, Sport Court, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 195149.00
  • Lot Size Acres: 4.4800

Multi Family

  • Electric Expense: 7827.00
  • Gross Income: 52700.00
  • Gross Scheduled Income: 624420.00
  • Insurance Expense: 13677.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 195149.0000 Square Feet
  • Maintenance Expense: 27289.00
  • Net Operating Income: 427948.00
  • Number Of Separate Electric Meters: 56
  • Number Of Separate Gas Meters: 56
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 56
  • Operating Expense: 196472.00
  • Other Expense: 4951.00
  • Rent Control: No
  • Total Actual Rent: 52700.00

Tax Info

  • New Taxes Expense: 77314.00
  • Tax Lot: 101

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2012 12/14/12 Sold $5,520,000 -6.8% $106 / Sq Ft
11/28/2012 11/28/12 Pending -- -- --
02/28/2011 02/28/11 For Sale $5,920,000 -- $114 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A11025484

California Regional Multiple Listing Service (CRMLS)