NOT LISTED FOR SALE

8505 Mulberry Ave Fontana, CA 92335

5 Beds
3 Baths
18,000 Sq Ft
1.51 Acres

Last Sold May 17, 2022

Last sale price $3,900,000 $217 Per Sq Ft

25 Days on Market

Highlights

  • Laundry Room
  • Summit High School Rated A-
  • Central Heating and Cooling System

About This Home

As of May 2022

This is one of the best apartment units located in Fontana. They are all two levels and offer townhome style appeal. It has covered parking, play area, separate washer/dryer room and lot of room for guests. Sellers had painted outside 2 years ago and installed brand new vinyl fencing offering very nice curb appeal. Every tenant has it's own enclosed yard.

Last Agent to Sell the Property

J.R. Shah

Century 21 Discovery License #01116918 Listed on: 02/26/2022

Century 21 Discovery

Last Buyer's Agent

Everett Wong

Greysteel California, Inc. License #01991247

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 1.51 Acre Lot
  • No Units Located Below
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 16 Car Garage

Home Design

  • 18,000 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 276
  • Tax Tract Number 2102
  • Assessor Parcel Number 0230091380000
  • $22,413 per year additional tax assessments

Community Details

Overview

  • 7 Buildings
  • 15 Units

Amenities

  • Laundry Facilities

Building Details

  • 15 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $2,400
  • Insurance Expense $2,300
  • Professional Management Expense $4,800
  • Trash Expense $3,700
  • Water Sewer Expense $4,800
  • New Taxes Expense $42,000
  • Operating Expense $60,000
  • Gross Income $2,400
  • Net Operating Income $157,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

16

Listing Details

  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 4800.00
  • Zoning: RM
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0230091380000
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall, No One Below
  • Price Per Square Foot: 216.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 16.00
  • Total Parking Spaces: 16.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Conventional Septic
  • Trash Expense: 3700.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 65775.00
  • Lot Size Acres: 1.5100

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 2400.00
  • Gross Scheduled Income: 217000.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 65775.0000 Square Feet
  • Net Operating Income: 157000.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 15
  • Operating Expense: 60000.00
  • Rent Control: No
  • Total Expenses: 60000.00

Tax Info

  • New Taxes Expense: 42000.00
  • Tax Census Tract: 22.04
  • Tax Lot: 276
  • Tax Tract Number: 2102
  • TaxOtherAnnualAssessmentAmount: 22413.00

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2022 05/17/22 Sold $3,900,000 -8.2% $217 / Sq Ft
03/23/2022 03/23/22 Pending -- -- --
02/26/2022 02/26/22 For Sale $4,248,000 -- $236 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J.R. Shah

    Seller's Agent in 2022

    J.R. Shah

    Century 21 Discovery

    (714) 626-2023

    49 Total Sales

    J.R. Shah
    Section Image
  • Everett Wong

    Buyer's Agent in 2022

    Everett Wong

    Greysteel California, Inc.

    (310) 382-6705

    24 Total Sales

    Everett Wong
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22038554

California Regional Multiple Listing Service (CRMLS)
California San Bernardino County Fontana 92335

8505 Mulberry Ave, Fontana, CA

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

Nearby Homes