NOT LISTED FOR SALE

8032 Cypress Ave Fontana, CA 92336

Estimated Value: $474,000 - $689,000

2 Beds
2 Baths
940 Sq Ft
$579/Sq Ft Est. Value

Last Sold October 02, 2019

Last sale price $330,000 $351 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,290/month

125 Days on Market

Highlights

  • Granite Countertops
  • Living Room
  • Tile Flooring
  • Cooling System Mounted To A Wall/Window
  • Accessible Parking
  • Chain Link Fence

About This Home

As of October 2019

Great opportunity to own two on a Lot, Live in one and rent the other! Excellent for income. Each unit has one bedroom and a bathroom, living room and a nice kitchen with granite counter tops. A nice size lot that has ample parking spaces. The units have their own gas and electric meters. The water meter is shared. Property is located near major shopping areas, freeways and places of interest.

Last Agent to Sell the Property

Lilia Montes

Elevate Real Estate Agency License #01237868 Listed on: 04/23/2019

Last Buyer's Agent

Sandro Ustrell

Foothill City Realty License #01165793

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,237

Year Built

  • Built in 1945

Lot Details

  • 8,686 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Level Lot
  • Front Yard

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 940 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Gas Oven
  • Gas Range
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Driveway

Accessible Home Design

  • Accessible Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 648
  • Tax Tract Number 28
  • Assessor Parcel Number 0190081240000

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $550
  • Trash Expense $316
  • Water Sewer Expense $636
  • New Taxes Expense $4,552
  • Operating Expense $6,054
  • Gross Income $21,300
  • Net Operating Income $15,246

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,237

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Other Phone Description: (909) 635-5698
  • Property Attached: No
  • Water Sewer Expenses: 636.00
  • Property Type: Residential Income
  • Parcel Number: 0190081240000
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 351.06
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Sewer: Sewer Paid
  • Trash Expense: 316.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999, Level
  • Lot Size Sq Ft: 8686.00
  • Lot Size Acres: 0.1994

Multi Family

  • Gross Income: 21300.00
  • Gross Scheduled Income: 21300.00
  • Insurance Expense: 550.00
  • Lot Size Area: 8686.0000 Square Feet
  • Net Operating Income: 15246.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 6054.00
  • Rent Control: No
  • Total Actual Rent: 21300.00
  • Total Expenses: 6054.00

Tax Info

  • New Taxes Expense: 4552.00
  • Tax Census Tract: 28.01
  • Tax Lot: 648
  • Tax Tract Number: 28.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2019
Closed on
Aug 26, 2019
Sold by
Montes Lilia Esther
Bought by
Medina Arturo and Medina Maria L
Seller's Agent
Lilia Montes
Elevate Real Estate Agency
Buyer's Agent
Sandro Ustrell
Foothill City Realty
List Price
$359,900
Sold Price
$330,000
Premium/Discount to List
-$29,900
-8.31%
Current Estimated Value
$544,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,228
Avg. Annual Appreciation
8.61%
Original Mortgage
$214,500
Outstanding Balance
$187,498
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$356,730

Purchase Details

Closed on
Aug 27, 2010
Sold by
Montes Sergio Fabian
Bought by
Montes Lilia Esther

Purchase Details

Closed on
Sep 9, 2009
Sold by
Montes Lilia E
Bought by
Montes Sergio Fabian

Purchase Details

Closed on
Sep 1, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Montes Sergio Fabian

Purchase Details

Closed on
May 8, 2009
Sold by
Lima Martha O
Bought by
Deutsche Bank National Trust Company and Long Beach Mortgage Trust 2006-1

Purchase Details

Closed on
Sep 6, 2005
Sold by
Jimenez Juan
Bought by
Lima Martha O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 20, 2003
Sold by
Farwell Lisa Suzzette and Farwell Lisa
Bought by
Jimenez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,830
Interest Rate
5.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 22, 2002
Sold by
Moran Odemia
Bought by
Farwell Lisa

Purchase Details

Closed on
Mar 7, 1997
Sold by
Rodriguez Cecilio and Rodriguez Isabel C
Bought by
Zapata Consuelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
7.81%
Mortgage Type
Seller Take Back
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
Medina Arturo $330,000 Ticor Title
Montes Lilia Esther -- Accommodation
Montes Sergio Fabian -- Chicago Title Company
Montes Sergio Fabian $82,000 Chicago Title Company
Deutsche Bank National Trust Company $182,700 Servicelink
Lima Martha O $290,000 Fidelity National Title Co
Jimenez Juan $139,000 First American
Farwell Lisa -- Fidelity National Title Ins
Zapata Consuelo $22,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medina Arturo $214,500
Previous Owner Lima Martha O $232,000
Previous Owner Jimenez Juan $134,830
Previous Owner Zapata Consuelo $17,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2019 10/02/19 Sold $330,000 0.0% $351 / Sq Ft
07/02/2019 07/02/19 Off Market $330,000 -- --
06/01/2019 06/01/19 Price Changed $349,900 -2.8% $372 / Sq Ft
04/23/2019 04/23/19 For Sale $359,900 -- $383 / 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 $5,237 $360,903 $109,364 $251,539
2024 $5,237 $353,827 $107,220 $246,607
2023 $4,220 $346,890 $105,118 $241,772
2022 $4,179 $340,088 $103,057 $237,031
2021 $4,121 $333,419 $101,036 $232,383
2020 $4,198 $121,832 $46,859 $74,973
2019 $1,875 $119,443 $45,940 $73,503
2018 $1,862 $117,101 $45,039 $72,062
2017 $1,810 $114,805 $44,156 $70,649
2016 $1,747 $112,554 $43,290 $69,264
2015 $1,703 $110,864 $42,640 $68,224
2014 $1,685 $108,693 $41,805 $66,888
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19091393

California Regional Multiple Listing Service (CRMLS)

APN: 0190-081-24