$730,000
SOLD AUG 13, 2015

8721 Lomita Dr Rancho Cucamonga, CA 91701

9 Beds
7 Baths
3,598 Sq Ft
9,000 Sq Ft Lot

Recently Sold

$203 Per Sq Ft

1% Above List Price

8 Days on Market

Highlights

  • In Ground Pool
  • 4 Attached Carport Spaces
  • Front Yard
  • Carnelian Elementary Rated A-

About This Home

As of August 2017

Great 4 units are two units of 2 bed & 2 bath, one unit of 3 bed & 2 bath, and one unit of 2 bed & 1 bath, maintained by on site management. Community has pool and lots of guest parking. All units are tenant occupied. There's an HOA that covers the following: water, trash, sewer, gardener, asphalt repairs, stucco repair on buildings, painting of exterior, stairs repair, security patrol at nights.

Last Agent to Sell the Property

Phuoc Huynh

Phuoc Huynh, Broker License #01141011 Listed on: 06/15/2015

Last Buyer's Agent

Yiu Kwei

KW Vision License #01875802

KW Vision

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,570

Year Built

  • Built in 1974

Lot Details

  • 9,000 Sq Ft Lot
  • No Common Walls
  • Front Yard

HOA Fees

  • $870 Monthly HOA Fees

Home Design

  • 3,598 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Additional Features

  • Leased Washer and Dryer
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 8089
  • Assessor Parcel Number 0202381020000

Community Details

Overview

  • 4 Units

Recreation

  • Community Pool

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $337
  • New Taxes Expense $2,014
  • Gross Income $4,575
  • Net Operating Income $3,331

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,570

Year Built

Built in 1974

Lot Details

0

HOA Fees

$870 per month

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 0202381020000
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 202.89

Exterior Features

  • Pool Features: Association, Community, In Ground
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 8.00

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 870.00
  • Association Fee Frequency: Monthly
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 9000.00
  • Price Per Lot Square Foot: 81.11
  • Lot Size Acres: 0.2070

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 4575.00
  • Gross Scheduled Income: 4575.00
  • Insurance Expense: 337.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 9000.0000 Square Feet
  • Net Operating Income: 3331.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 1244.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2014.00
  • Tax Lot: 21
  • Tax Tract Number: 8089

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2017
Closed on
Jun 29, 2017
Sold by
Lin Yi Fen
Bought by
Rich Rainbow Llc
Seller's Agent
Yiu Kwei
KW Vision
Buyer's Agent
Hui Ju Tsai
Berkshire Hathaway HomeServices California Properties
List Price
$950,000
Sold Price
$935,000
Premium/Discount to List
-$15,000
-1.58%
Current Estimated Value
$1,397,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$462,022
Avg. Annual Appreciation
5.94%
Original Mortgage
$450,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 15, 2015
Closed on
Aug 5, 2015
Sold by
Tang Hao
Bought by
Lin Yi Fen
Seller's Agent
Phuoc Huynh
Phuoc Huynh, Broker
Buyer's Agent
Yiu Kwei
KW Vision
List Price
$719,888
Sold Price
$730,000
Premium/Discount to List
$10,112
1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.10%
Original Mortgage
$355,000
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 1999
Sold by
Patel Hiralal B
Bought by
Tang Hao

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
7.7%

Purchase Details

Closed on
Aug 15, 1995
Sold by
Patel Hiralal B
Bought by
Patel Hiralal B and Patel Chandrakanta H
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $935,000 First American Title
Grant Deed $730,000 Fidelity National Title
Grant Deed $225,000 Fidelity National Title Ins
Interfamily Deed Transfer -- Commonwealth Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,000 New Conventional
Previous Owner $450,000 Commercial
Previous Owner $355,000 Purchase Money Mortgage
Previous Owner $75,000 Credit Line Revolving
Previous Owner $325,000 Unknown
Previous Owner $332,350 Unknown
Previous Owner $190,000 Unknown
Previous Owner $146,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2017 08/16/17 Sold $935,000 -1.6% $260 / Sq Ft
08/01/2017 08/01/17 Pending -- -- --
06/19/2017 06/19/17 For Sale $950,000 +30.1% $264 / Sq Ft
08/13/2015 08/13/15 Sold $730,000 +1.4% $203 / Sq Ft
06/23/2015 06/23/15 Pending -- -- --
06/15/2015 06/15/15 For Sale $719,888 -- $200 / 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 $11,570 $1,063,871 $375,484 $688,387
2024 $11,570 $1,043,011 $368,122 $674,889
2023 $11,311 $1,022,560 $360,904 $661,656
2022 $11,283 $1,002,509 $353,827 $648,682
2021 $11,279 $982,852 $346,889 $635,963
2020 $10,817 $972,774 $343,332 $629,442
2019 $10,940 $953,700 $336,600 $617,100
2018 $10,697 $935,000 $330,000 $605,000
2017 $8,324 $744,600 $204,000 $540,600
2016 $8,099 $292,134 $72,710 $219,424
2015 $3,316 $287,746 $71,618 $216,128
2014 $3,224 $282,109 $70,215 $211,894
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15129443

California Regional Multiple Listing Service (CRMLS)

APN: 0202-381-02