NOT LISTED FOR SALE

8357 Hemlock Ave Fontana, CA 92335

Estimated Value: $845,000 - $1,778,000

14 Beds
6 Baths
5,978 Sq Ft
$240/Sq Ft Est. Value

Last Sold August 09, 2022

Last sale price $1,630,000 $273 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $9,063/month

8 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Horse Trails
  • Summit High School Rated A-
  • More Than Two Accessible Exits
  • Central Air

About This Home

As of August 2022

**Pretty AMAZING 4 Unit Property WITH TONS OF POTENTIAL***Flat & Usable 4.3 ACRES of Fenced/Crossed Fenced Land in Fontana**Front Unit or Unit A is 3 bedrooms, 1 bath w/Storage Shed**Unit B is 3 Bedrooms, 2 Baths**Unit C is VERY Unique and has 2 units in one, featuring 5 Bedrooms, 2 Baths with 3 Separate entrances, could potentially be 3 or 4 Units if you convert the 2 Car Garage**Unit D is a 3 Bedroom, 1 Bath**The Front Properties sit on about 1 Acre of Land***The back Unit D sits on just over 3 Acres**Each Unit has their own private backyard***Plenty of room for GROWTH Opportunity and or to MAKE RENTAL INCOME**Bring ALL BUYERS**

Last Agent to Sell the Property

Kimberly Jarrard

RE/MAX FREEDOM License #01840446 Listed on: 07/11/2022

RE/MAX FREEDOM

Last Buyer's Agent

Kimberly Jarrard

RE/MAX FREEDOM License #01840446 Listed on: 07/11/2022

RE/MAX FREEDOM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,606

Year Built

  • Built in 1945

Lot Details

  • 4.3 Acre Lot
  • No Common Walls
  • West Facing Home
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 5,978 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 6 Bathrooms

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 0232021260000
  • $317 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Recreation

  • Horse Trails

Building Details

  • 4 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $2,500
  • Trash Expense $132
  • Water Sewer Expense $230
  • Operating Expense $3,462
  • Gross Income $63,612
  • Net Operating Income $63,612

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,606

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: TEXT
  • Other Phone Number: 760-887-1122
  • Price Per Unit: 575000
  • Property Attached: No
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 230.00
  • Zoning: RS
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0232021260000
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 272.67
  • Room Type: All Bedrooms Down, Laundry, Master Bedroom

Exterior Features

  • Direction Faces: West
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Microwave
  • Heating Type: Natural Gas
  • Laundry Features: Individual Room, Inside
  • Sewer: Conventional Septic
  • Trash Expense: 132.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Horse Trails

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 187308.00
  • Lot Size Acres: 4.3000

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 63612.00
  • Gross Scheduled Income: 124800.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 187308.0000 Square Feet
  • Net Operating Income: 63612.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Operating Expense: 61188.00
  • Rent Control: No
  • Total Actual Rent: 124800.00
  • Total Expenses: 3462.00

Tax Info

  • Tax Census Tract: 24.04
  • Tax Lot: 3
  • TaxOtherAnnualAssessmentAmount: 317.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2024
Sold by
Garcia Fonseca Rogelio and Garcia Alicia Gutierrez
Bought by
Fonseca Gutierrez Family Trust and Fonseca
Current Estimated Value
$1,436,969

Purchase Details

Listed on
Jul 11, 2022
Closed on
Jul 29, 2022
Sold by
Chris Ayala Randell
Bought by
Ayala Caroline
Seller's Agent
Kimberly Jarrard
RE/MAX FREEDOM
Buyer's Agent
Kimberly Jarrard
RE/MAX FREEDOM
List Price
$2,300,000
Sold Price
$1,630,000
Premium/Discount to List
-$670,000
-29.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.85%

Purchase Details

Listed on
Jul 11, 2022
Closed on
Jul 25, 2022
Sold by
Maria Priset
Bought by
Gutierrez Ma Alicia and Fonseca Rogelio Garcia
Seller's Agent
Kimberly Jarrard
RE/MAX FREEDOM
Buyer's Agent
Kimberly Jarrard
RE/MAX FREEDOM
List Price
$2,300,000
Sold Price
$1,630,000
Premium/Discount to List
-$670,000
-29.13%

Purchase Details

Closed on
Jul 7, 2020
Sold by
Priset Maria
Bought by
Priset Maria and Ayala Caroline

Purchase Details

Closed on
Apr 25, 2006
Sold by
Priset Maria
Bought by
Priset Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 15, 2005
Sold by
Priset Maria and Gaglio Maria
Bought by
Priset Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,000
Interest Rate
1.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Fonseca Gutierrez Family Trust -- None Listed On Document
Ayala Caroline -- Fidelity National Title
Gutierrez Ma Alicia $1,630,000 Fidelity National Title
Priset Maria -- None Available
Priset Maria -- Lawyers Title
Priset Maria -- Chicago San Diego
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Priset Maria $315,000
Previous Owner Priset Maria $223,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2022 08/09/22 Sold $1,630,000 -29.1% $273 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
07/11/2022 07/11/22 For Sale $2,300,000 -- $385 / 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 $17,606 $1,695,852 $1,040,400 $655,452
2024 $17,606 $1,662,600 $1,020,000 $642,600
2023 $17,151 $1,630,000 $1,000,000 $630,000
2022 $3,970 $374,563 $97,290 $277,273
2021 $3,919 $367,218 $95,382 $271,836
2020 $3,909 $363,453 $94,404 $269,049
2019 $2,741 $258,282 $92,551 $165,731
2018 $2,781 $253,217 $90,736 $162,481
2017 $2,764 $248,252 $88,957 $159,295
2016 $2,796 $243,385 $87,213 $156,172
2015 $2,761 $239,729 $85,903 $153,826
2014 $2,748 $235,033 $84,220 $150,813
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: HD22151976

California Regional Multiple Listing Service (CRMLS)

APN: 0232-021-26