NOT LISTED FOR SALE

8056 Laurel Ave Unit A Fontana, CA 92336

Estimated Value: $704,985 - $990,000

2 Beds
1 Bath
2,700 Sq Ft
$313/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $500,000 $185 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $5,075/month

32 Days on Market

Highlights

  • 0.5 Acre Lot
  • Laundry Room
  • 1-Story Property

About This Home

As of October 2020

8056 Laurel Avenue consists of three two-bedroom/one-bath single-family homes on a large 0.5-acre lot. All of the homes feature large fenced backyards, surface parking, laundry hookups, and separate utility meters.

8056 Laurel Avenue is located just north of Foothill Boulevard conveniently near shopping and the 210 Freeway. Fontana has seen major growth over the past decade, and the city expects to be named the most populous in San Bernardino County, overtaking San Bernardino, following the 2020 census. The city attributes its recent growth to the recent addition of several new freeway interchanges, growth in warehouse/manufacturing jobs, improvement in education, and the area’s affordability.

This offering presents a great opportunity to acquire an asset in a rapidly growing market with a highly desirable unit mix and substantial rental upside.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 07/13/2020

Co-Listed By

David O'Keefe

Marcus & Millichap License #01928739

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 07/13/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,916

Year Built

  • Built in 1946

Lot Details

  • 0.5 Acre Lot
  • No Common Walls

Interior Spaces

  • 2,700 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 423 / L
  • Assessor Parcel Number 0243101380000

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Operating Expense $13,577
  • Gross Income $38,400
  • Net Operating Income $23,671

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,916

Year Built

Built in 1946

Lot Details

0

Listing Details

  • CapRate: 4.12
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 0243101380000
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 185.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 21600.00
  • Lot Size Acres: 0.4959

Multi Family

  • Gross Income: 38400.00
  • Gross Multiplier: 14.97
  • Gross Scheduled Income: 38400.00
  • Lot Size Area: 21600.0000 Square Feet
  • Net Operating Income: 23671.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 13577.00
  • Rent Control: Yes
  • Total Expenses: 13577.00

Tax Info

  • Tax Block: L
  • Tax Census Tract: 34.01
  • Tax Lot: 423

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2020
Closed on
Sep 17, 2020
Sold by
Ledesma Amalia
Bought by
Laguna Mario Ledesma
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$575,000
Sold Price
$500,000
Premium/Discount to List
-$75,000
-13.04%
Current Estimated Value
$845,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$345,246
Avg. Annual Appreciation
11.03%
Original Mortgage
$300,000
Outstanding Balance
$265,625
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$579,621

Purchase Details

Listed on
Jul 13, 2020
Closed on
Aug 18, 2020
Sold by
Luu Loyd
Bought by
Laguna Mario Ledesma
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$575,000
Sold Price
$500,000
Premium/Discount to List
-$75,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$265,625
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$579,621

Purchase Details

Closed on
Jun 27, 2019
Sold by
Luu Dina
Bought by
Luu Loyd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2018
Sold by
Revocabl Devault David Charles
Bought by
Luu Loyd and Luu Dina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2017
Sold by
Devault David C
Bought by
Revocabl Devault David Charles and Revocabl David Charles Devault

Purchase Details

Closed on
Jun 8, 2015
Sold by
Serrano Garcia Patricia Zulema and Mayorquin Patricia Serrano
Bought by
Devault David C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,700
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2005
Sold by
Mayorquin Patricia Serrano and Garcia Juan
Bought by
Mayorquin Patricia Serrano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2001
Sold by
Orantes Ruben
Bought by
Mayorquin Patricia Serrano

Purchase Details

Closed on
May 26, 2000
Sold by
Calderon Baneza and Murillo Baneza
Bought by
Orantes Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,692
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 8, 1999
Sold by
Walker James R
Bought by
Murillo Baneza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,500
Interest Rate
7.2%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Laguna Mario Ledesma -- Ticor Title
Laguna Mario Ledesma $500,000 Ticor Title
Luu Loyd -- Provident Title Company
Luu Loyd $550,000 Stewart Title Company
Revocabl Devault David Charles -- None Available
Devault David C $411,000 Fidelity National Title Co
Mayorquin Patricia Serrano -- Financial Title
Mayorquin Patricia Serrano -- --
Orantes Ruben $160,000 Stewart Title Company
Calderon Baneza -- Stewart Title Company
Murillo Baneza $92,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laguna Mario Ledesma $300,000
Previous Owner Luu Loyd $401,000
Previous Owner Luu Loyd $412,500
Previous Owner Devault David C $287,700
Previous Owner Mayorquin Patricia Serrano $245,000
Previous Owner Orantes Ruben $158,692
Previous Owner Murillo Baneza $106,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2020 10/02/20 Sold $500,000 -13.0% $185 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $575,000 0.0% $213 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $575,000 -- $213 / 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 $6,916 $541,216 $350,709 $190,507
2024 $6,916 $530,604 $343,832 $186,772
2023 $6,431 $520,200 $337,090 $183,110
2022 $6,678 $510,000 $330,480 $179,520
2021 $6,556 $578,149 $315,354 $262,795
2020 $7,328 $572,220 $312,120 $260,100
2019 $7,077 $561,000 $306,000 $255,000
2018 $5,745 $434,125 $274,629 $159,496
2017 $5,744 $425,613 $269,244 $156,369
2016 $3,585 $238,692 $94,344 $144,348
2015 $3,473 $235,107 $92,927 $142,180
2014 -- $230,502 $91,107 $139,395
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    90 Total Sales

    Steve Bogoyevac
    Section Image

  • D

    Seller Co-Listing Agent in 2020

    David O'Keefe

    Marcus & Millichap

    (562) 257-1200

    49 Total Sales

    David O'Keefe
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20137334

California Regional Multiple Listing Service (CRMLS)

APN: 0243-101-38

California San Bernardino County Fontana 92336

8056 Laurel Ave Unit A, Fontana, CA

This home is located at 8056 Laurel Ave Unit A, Fontana, CA 92336 since 13 July 2020 and is currently estimated at $845,246, approximately $313 per square foot. This property was built in 1946. 8056 Laurel Ave Unit A is a home located in San Bernardino County with nearby schools including Virginia Primrose Elementary School, Alder Middle School, and Fontana A. B. Miller High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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