NOT LISTED FOR SALE

8155 Laurel Ave Fontana, CA 92335

13 Beds
6 Baths
4,675 Sq Ft
0.57 Acres

Last Sold August 30, 2017

Last sale price $1,010,000 $216 Per Sq Ft

7 Days on Market

Highlights

  • Private Yard
  • Living Room
  • Central Heating and Cooling System
  • No HOA
  • Laundry Room
  • 9 Car Garage

About This Home

As of August 2017

Amazing Investment Opportunity to Own Six Units consisting of 3 Duplex Buildings, with One 3-1 Bath currently rented for $1350 a month with Fireplace, Central Air and Heat, Large Kitchen, living room , Private fenced yard, attached garage, washer and dryer room and storage room. ( 3rd Bedroom could also be large family room living room area, tenants have used as bedroom) Five 2 bed 1 bath currently rented for $1150 a month with Central Air and Heat, Kitchen , living room, Private fenced yard, garage, washer and dryer hook ups. The property has 3 Extra garages that could be rented to tenants for more income , one extra garage is a one car door with two car size inside , room for parking on property , covered trash can storage area, two units are on public sewer and 4 are on Septic , the Seller Pays Water and Trash , all units are individually metered. Gross Income is $85,200 a Year

Last Agent to Sell the Property

Michael Stoffel

Century 21 Top Producers License #01322027 Listed on: 06/23/2017

Last Buyer's Agent

Yiu Kwei

KW Executive License #01875802

KW Executive

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 0.57 Acre Lot
  • 1 Common Wall
  • Chain Link Fence
  • Level Lot
  • Private Yard
  • Lawn

Parking

  • 9 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 4,675 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Living Room
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 429
  • Assessor Parcel Number 0246031170000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Insurance Expense $4,145
  • Trash Expense $1,830
  • Water Sewer Expense $2,952
  • Operating Expense $9,249
  • Gross Income $85,200
  • Net Operating Income $75,951

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Parking

9

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 2952.00
  • Zoning: 93/6
  • Property Type: Residential Income
  • Parcel Number: 0246031170000
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 216.04
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

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

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Concrete, Garage, On Site
  • Total Parking Spaces: 9.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Conventional Septic, Public Sewer
  • Trash Expense: 1830.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level with Street, Yard
  • Lot Size Sq Ft: 24700.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 85200.00
  • Gross Scheduled Income: 85200.00
  • Insurance Expense: 4145.00
  • Net Operating Income: 75951.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 9249.00
  • Rent Control: No
  • Total Actual Rent: 7100.00
  • Total Expenses: 9249.00

Tax Info

  • Tax Census Tract: 34.01
  • Tax Lot: 429
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Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2017 08/30/17 Sold $1,010,000 +1.0% $216 / Sq Ft
06/23/2017 06/23/17 For Sale $999,999 -- $214 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,562 $1,149,208 $341,349 $807,859
2024 $12,602 $1,126,675 $334,656 $792,019
2023 $12,241 $1,104,583 $328,094 $776,489
2022 $12,169 $1,082,925 $321,661 $761,264
2021 $12,012 $1,061,691 $315,354 $746,337
2020 $11,964 $1,050,804 $312,120 $738,684
2019 $11,617 $1,030,200 $306,000 $724,200
2018 $11,753 $1,010,000 $300,000 $710,000
2017 $1,801 $114,015 $16,020 $97,995
2016 $1,738 $111,780 $15,706 $96,074
2015 $1,694 $110,101 $15,470 $94,631
2014 $1,258 $107,944 $15,167 $92,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17143838

California Regional Multiple Listing Service (CRMLS)