Seller's Agent in 2019
Oscar Perez-Luna
Elevate Real Estate Agency
(909) 217-1496
4 Total Sales
8144 Cypress Ave Fontana, CA 92335
Estimated Value: $1,142,000 - $1,186,000
8
Beds
4
Baths
3,026
Sq Ft
$385/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Wall Furnace
- Living Room
- Partially Fenced Property
About This Home
As of October 20194 separate single family residence, no steps. Large 35,800 sq ft lot with upside potential. Each unit is 2 bedroom 1 bath and has its own single attached car garages and patio. Washer hookup outside of units. The complex is fully occupied with long term tenants (newest is 5 yrs). Landlord pays water and trash. Tenants pay electricity and gas. Superior North Fontana Schools (Juniper Elementary K-5, Fontana Middle School and Fontana High School). Proforma rent is $5,250 per month, monthly expenses less taxes are $496, Proforma NOI is $60,659 per year making the Proforma CAP rate 7.5
See attachments for Development Possibilities. City of Fontana should Finalize Plan be end of October.
General Plan: Walkable Mixed Use Corridor Downtown (WMXU-1)
Zoning: General Commercial (C-2)
Last Agent to Sell the Property
Elevate Real Estate Agency License #01961053 Listed on: 09/19/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,034
Year Built
- Built in 1953
Lot Details
- 0.82 Acre Lot
- No Common Walls
- Partially Fenced Property
- Block Wall Fence
- Chain Link Fence
- Density is up to 1 Unit/Acre
- Value in Land
Parking
- 4 Car Garage
- 12 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Single Garage Door
- Unassigned Parking
Home Design
- Slab Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 3,026 Sq Ft Home
- Living Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Location
- Suburban Location
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 3
- Tax Tract Number 3154
- Assessor Parcel Number 0191061330000
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,604
- Trash Expense $1,537
- Water Sewer Expense $2,800
- New Taxes Expense $8,000
- Operating Expense $13,941
- Gross Income $61,800
- Net Operating Income $47,859
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 24, 2021
Sold by
Golden Opportunity No 17 Lp
Bought by
Flazer 17 Lp
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,321,500
Outstanding Balance
$12,121,574
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
-$10,955,224
Purchase Details
Listed on
Sep 19, 2019
Closed on
Oct 9, 2019
Sold by
Bsfa Llc
Bought by
Golden Opportunity No 17 Lp
Seller's Agent
Oscar Perez-Luna
Elevate Real Estate Agency
Buyer's Agent
Michael Garcia
MZ BROKERAGE INC.
List Price
$799,900
Sold Price
$762,500
Premium/Discount to List
-$37,400
-4.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Purchase Details
Closed on
Dec 26, 2017
Sold by
Corral Mario and Corral Elizabeth
Bought by
Bsfa Llc
Purchase Details
Closed on
Apr 12, 2017
Sold by
Escobar Oscar
Bought by
Corral Mario and Corral Elizabeth
Purchase Details
Closed on
Mar 18, 2014
Sold by
Martinez Michael
Bought by
Escobar Oscar
Purchase Details
Closed on
Mar 9, 2010
Sold by
Escobar Oscar
Bought by
Martinez Michael and The Logon & Ella Petterson & N
Purchase Details
Closed on
Jul 26, 2000
Sold by
Hud
Bought by
Escobar Oscar
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,316
Interest Rate
7.62%
Purchase Details
Closed on
May 23, 2000
Sold by
Wells Fargo Home Mtg Inc
Bought by
Hud
Purchase Details
Closed on
Feb 24, 2000
Sold by
Ahmad Kamal M
Bought by
Norwest Mtg Inc
Purchase Details
Closed on
Jul 29, 1997
Sold by
Anthony Ronald W
Bought by
Ahmad Kamal M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,451
Interest Rate
7.58%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 25, 1997
Sold by
Barney Kevin
Bought by
Anthony Ronald W
Purchase Details
Closed on
Mar 14, 1997
Sold by
Bankers Trust Company
Bought by
Barney Kevin
Purchase Details
Closed on
Jan 16, 1997
Sold by
Perez Gilbert T and Perez Belen P
Bought by
Bankers Trust Company and Advanta Mtg Loan Trust 1994-1
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Flazer 17 Lp | -- | Orange Coast Title | |
| Golden Opportunity No 17 Lp | $762,500 | Wfg National Title Company | |
| Bsfa Llc | -- | None Available | |
| Corral Mario | -- | None Available | |
| Escobar Oscar | -- | None Available | |
| Martinez Michael | -- | None Available | |
| Escobar Oscar | $131,500 | First American Title Co | |
| Hud | -- | First American Title Ins Co | |
| Norwest Mtg Inc | $174,434 | First American Title Ins Co | |
| Ahmad Kamal M | $122,000 | American Title | |
| Anthony Ronald W | $100,000 | American Title | |
| Barney Kevin | $75,000 | American Title | |
| Bankers Trust Company | $80,300 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Flazer 17 Lp | $13,321,500 | |
| Previous Owner | Escobar Oscar | $131,316 | |
| Previous Owner | Ahmad Kamal M | $160,451 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/21/2019 10/21/19 | Sold | $762,500 | 0.0% | $252 / Sq Ft |
| 09/23/2019 09/23/19 | Off Market | $762,500 | -- | -- |
| 09/19/2019 09/19/19 | For Sale | $799,900 | -- | $264 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,034 | $833,907 | $410,118 | $423,789 |
| 2024 | $10,034 | $817,555 | $402,076 | $415,479 |
| 2023 | $9,703 | $801,524 | $394,192 | $407,332 |
| 2022 | $9,618 | $785,808 | $386,463 | $399,345 |
| 2021 | $9,491 | $770,400 | $378,885 | $391,515 |
| 2020 | $9,492 | $546,522 | $254,690 | $291,832 |
| 2019 | $6,913 | $535,806 | $249,696 | $286,110 |
| 2018 | $7,895 | $612,000 | $244,800 | $367,200 |
| 2017 | $5,776 | $422,644 | $199,088 | $223,556 |
| 2016 | $5,612 | $414,357 | $195,184 | $219,173 |
| 2015 | $5,497 | $408,133 | $192,252 | $215,881 |
| 2014 | $6,204 | $400,138 | $188,486 | $211,652 |
Source: Public Records
Agents Affiliated with this Home
-
Oscar Perez-Luna
-
Michael Garcia
Buyer's Agent in 2019
Michael Garcia
MZ BROKERAGE INC.
(626) 235-4505
79 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV19223867
APN: 0191-061-33
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