NOT LISTED FOR SALE

8344 Bennett Ave Fontana, CA 92335

5 Beds
2 Baths
6,310 Sq Ft
0.41 Acre Lot

Sale Details

Date Sold: September 23, 2021

Last sale price $1,475,000 $234 Per Sq Ft

14 Days on Market

Highlights

  • Lawn
  • 3 Car Garage
  • 3-minute walk to Seville Park & Amphitheater
  • Landscaped

About This Home

As of September 2021

5 individual home casitas and duplex in the back on large lot (7 units total). 6 units with 2 bed 1 bath each collecting $1250/mo (all month to month)
1 unit with 3 bed 1 bath collecting. $1350/mo Market rents $1,700+/mo. 3 Parking spaces in the back and 3 garages
Storage area as well. 5.42% cap rate. Well maintained units, low on rents, and great upside opportunity

Last Agent to Sell the Property

Thomas Kadar

Keller Williams Legacy License #01912823 Listed on: 08/16/2021

Keller Williams Legacy

Last Buyer's Agent

NONE NONE

None MRML License #N/A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 18,000 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Lawn
  • Garden
  • Density is 6-10 Units/Acre
  • Land Lease

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 6,310 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry in unit
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 16 / 5
  • Tax Tract Number 2266
  • Assessor Parcel Number 0191151240000
  • $2,485 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $200
  • Trash Expense $340
  • Water Sewer Expense $350
  • Operating Expense $890
  • Gross Income $95,520
  • Net Operating Income $95,520

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0.41 Acres

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 350.00
  • Property Type: Residential Income
  • Gardener Expense: 200.00
  • Parcel Number: 0191151240000
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 233.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Sewer: Sewer Paid
  • Trash Expense: 340.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: 6-10 Units/Acre, Garden, Landscaped, Lawn
  • Lot Size Sq Ft: 18000.00
  • Lot Size Acres: 0.4132

Multi Family

  • Gross Income: 95520.00
  • Gross Scheduled Income: 106200.00
  • Lot Size Area: 18000.0000 Square Feet
  • Net Operating Income: 95520.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 10680.00
  • Rent Control: No
  • Total Expenses: 890.00

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 30.00
  • Tax Lot: 16
  • Tax Tract Number: 2266
  • TaxOtherAnnualAssessmentAmount: 2485.00
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/23/2021 09/23/21 Sold $1,475,000 0.0% $234 / Sq Ft
08/16/2021 08/16/21 For Sale $1,475,000 -- $234 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 -- -- -- --
2024 -- -- -- --
2023 -- -- -- --
2022 $0 $0 $0 $0
2021 $6,359 $394,056 $118,218 $275,838
2020 $6,385 $390,016 $117,006 $273,010
2019 $6,149 $382,369 $114,712 $267,657
2018 $6,094 $374,872 $112,463 $262,409
2017 $5,917 $367,522 $110,258 $257,264
2016 $5,701 $360,316 $108,096 $252,220
2015 $5,553 $354,903 $106,472 $248,431
2014 $5,490 $347,951 $104,386 $243,565
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG21180858

California Regional Multiple Listing Service (CRMLS)
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