NOT LISTED FOR SALE

8566 Locust Ave Fontana, CA 92335

Fontana Area

Estimated Value: $1,012,000 - $1,288,000

8 Beds
4 Baths
3,472 Sq Ft
$320/Sq Ft Est. Value

Sale Details

Date Sold: June 15, 2020

Last sale price $720,000 $207 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $7,000 / mo

161 Days on Market

About This Home

As of June 2020

3 SEPARATE HOMES IN ONE LOT WITH OWN GARAGE EACH AND OWN FENCED YARD!!!! ALL HOMES ARE IN GREAT CONDITION!! 4 BED 2 BATH 1792 SQFT. 2 OTHER UNITS ARE 2 BED 1 BATH 860 SQFT. EACH UNIT HAS OWN ELECTRIC, GAS AND WATER METER. LOT SIZE 24,570 SQFT THAT ACCORDING TO CITY OF FONTANA IT COULD BE SUBDIVIDED INTO 3-4 INDIVIDUAL LOTS. GREAT INCOME PROPERTY!!

Last Agent to Sell the Property

Elvira Diaz Ley

Excellence RE Real Estate License #01222740 Listed on: 09/19/2019

Excellence RE Real Estate

Last Buyer's Agent

JOSE NEVAREZ

JENS REALTY License #01073713

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 24,570 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Interior Spaces

  • 3,472 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 2927
  • Assessor Parcel Number 0246163020000

Community Details

Overview

  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $100
  • New Taxes Expense $520
  • Operating Expense $620
  • Gross Income $4,460
  • Net Operating Income $4,460

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0.56 Acres

Parking

3

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 0246163020000
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 207.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 24570.00
  • Lot Size Acres: 0.5640

Multi Family

  • Gross Income: 4460.00
  • Gross Scheduled Income: 4400.00
  • Insurance Expense: 100.00
  • Lot Size Area: 24570.0000 Square Feet
  • Net Operating Income: 4460.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Expenses: 620.00

Tax Info

  • New Taxes Expense: 520.00
  • Tax Census Tract: 34.01
  • Tax Lot: 1
  • Tax Tract Number: 2927

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2022
Sold by
Bought by
Current Estimated Value
$1,112,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,256
Interest Rate
0.0345%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2021
Sold by
Bought by

Purchase Details

Listed on
Sep 19, 2019
Closed on
Jun 4, 2020
Sold by
Bought by
Seller's Agent
Elvira Diaz Ley
Excellence RE Real Estate
Buyer's Agent
JOSE NEVAREZ
JENS REALTY
List Price
$730,000
Sold Price
$720,000
Premium/Discount to List
-$10,000
-1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.34%
Original Mortgage
$460,000
Interest Rate
0.032%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 19, 2019
Closed on
May 19, 2020
Sold by
Bought by
Seller's Agent
Elvira Diaz Ley
Excellence RE Real Estate
Buyer's Agent
JOSE NEVAREZ
JENS REALTY
List Price
$730,000
Sold Price
$720,000
Premium/Discount to List
-$10,000
-1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
0.032%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2015
Sold by
Bought by

Purchase Details

Listed on
Oct 10, 2012
Closed on
Jan 30, 2013
Sold by
Bought by
Seller's Agent
Tamer Youssef
RE/MAX TIME REALTY
Buyer's Agent
Elvira Diaz Ley
Excellence RE Real Estate
List Price
$350,000
Sold Price
$290,000
Premium/Discount to List
-$60,000
-17.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.47%
Original Mortgage
$217,500
Interest Rate
0.0333%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 10, 2012
Closed on
Jan 14, 2013
Sold by
Bought by
Seller's Agent
Tamer Youssef
RE/MAX TIME REALTY
Buyer's Agent
Elvira Diaz Ley
Excellence RE Real Estate
List Price
$350,000
Sold Price
$290,000
Premium/Discount to List
-$60,000
-17.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
0.0333%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
0.0765%

Purchase Details

Closed on
Jun 17, 1996
Sold by
Bought by

Purchase Details

Closed on
Oct 14, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase 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 Buyer Sale Price Title Company
-- Western Resources
-- Western Resources
-- None Available
-- Lawyers Title Company
$720,000 Lawyers Title Company
$500,000 Spl Title Services
-- Title365
$290,000 Title365
$160,000 Commonwealth Land Title Co
-- --
-- Union Land Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $513,256
Previous Owner $460,000
Previous Owner $217,500
Previous Owner $150,000
Source: Public Records

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 Prior Sale
06/15/2020 06/15/20 Sold $720,000 +144.1% $207 / Sq Ft
03/18/2020 03/18/20 Sold $295,000 -59.6% $184 / Sq Ft View Prior Sale
03/16/2020 03/16/20 For Sale $730,000 0.0% $210 / Sq Ft
02/27/2020 02/27/20 Pending -- -- --
02/02/2020 02/02/20 For Sale $730,000 +147.5% $210 / Sq Ft
01/06/2020 01/06/20 For Sale $295,000 -59.0% $184 / Sq Ft
01/06/2020 01/06/20 Off Market $720,000 -- --
10/28/2019 10/28/19 Price Changed $730,000 +1.4% $210 / Sq Ft
09/19/2019 09/19/19 For Sale $720,000 +148.3% $207 / Sq Ft
02/05/2013 02/05/13 Sold $290,000 -3.3% $88 / Sq Ft View Prior Sale
12/28/2012 12/28/12 Pending -- -- --
12/15/2012 12/15/12 Price Changed $299,900 -14.3% $91 / Sq Ft
10/10/2012 10/10/12 For Sale $350,000 -- $107 / 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
2026 $10,718 $803,174 $239,836 $563,338
2025 $10,718 $787,425 $235,133 $552,292
2024 $9,902 $771,986 $230,523 $541,463
2023 $8,522 $756,849 $226,003 $530,846
2022 $8,307 $742,009 $221,572 $520,437
2021 $8,199 $727,459 $217,227 $510,232
2020 $5,061 $432,983 $104,400 $328,583
2019 $4,918 $424,493 $102,353 $322,140
2018 $4,970 $416,170 $100,346 $315,824
2017 $5,168 $408,009 $98,378 $309,631
2016 $4,815 $400,009 $96,449 $303,560
2015 $3,644 $297,137 $76,846 $220,291
2014 $3,633 $291,317 $75,341 $215,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19225403

California Regional Multiple Listing Service (CRMLS)

APN: 0246-163-02

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