NOT LISTED FOR SALE

8970 Newport Ave Fontana, CA 92335

Estimated Value: $445,000 - $657,000

2 Beds
2 Baths
2,232 Sq Ft
$235/Sq Ft Est. Value

Last Sold August 08, 2022

Last sale price $430,000 $193 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,257/month

13 Days on Market

Highlights

  • Fireplace in Bathroom
  • Laundry Room
  • 2 Attached Carport Spaces
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring

About This Home

As of August 2022

Cash Buyers Only! Property will not support traditional financing. 2 studios and lot to the right of the property is included as part of the sale
Possible multiple ADU or multi unit complex development-check with City. Close to shopping centers and Downtown Fontana and City Hall.
Each unit have separate gas and electric meters. One water and sewer connection for both.

Last Agent to Sell the Property

Kevin Kuo

eXp Realty of California Inc License #01884395 Listed on: 06/29/2022

eXp Realty of California Inc

Last Buyer's Agent

Sonny Lee

RE/MAX CHAMPIONS License #01344743

RE/MAX CHAMPIONS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,033

Year Built

  • Built in 1940

Lot Details

  • 0.46 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 2,232 Sq Ft Home
  • Tile Flooring

Kitchen

  • Gas Oven
  • Microwave
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Water Heater

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas
  • Legal Lot and Block 558 / L
  • Tax Tract Number 32
  • Assessor Parcel Number 0194011110000

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $720
  • Operating Expense $3,120
  • Gross Income $16,800
  • Net Operating Income $13,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,033

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 720.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 0194011110000
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Fireplace Features: Bath, Kitchen
  • Levels: One
  • Price Per Square Foot: 192.65

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Gas Oven, Microwave, Water Heater
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 20130.00
  • Lot Size Acres: 0.4621

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas

Multi Family

  • Average Studio Area: 1116 Square Feet
  • Gross Income: 16800.00
  • Gross Scheduled Income: 16800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 20130.0000 Square Feet
  • Net Operating Income: 13680.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3120.00
  • Rent Control: No
  • Total Expenses: 3120.00

Tax Info

  • Tax Block: L
  • Tax Census Tract: 32.02
  • Tax Lot: 558
  • Tax Tract Number: 32.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2022
Closed on
Jul 26, 2022
Sold by
A & C New Place Llc
Bought by
Liu Shuangfeng and Liu Sanfeng
Seller's Agent
Kevin Kuo
eXp Realty of California Inc
Buyer's Agent
Sonny Lee
RE/MAX CHAMPIONS
List Price
$425,000
Sold Price
$430,000
Premium/Discount to List
$5,000
1.18%
Current Estimated Value
$523,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,536
Avg. Annual Appreciation
6.28%

Purchase Details

Listed on
Jun 29, 2022
Closed on
Jul 19, 2022
Sold by
Weikai Huang
Bought by
Liu Sanfeng
Seller's Agent
Kevin Kuo
eXp Realty of California Inc
Buyer's Agent
Sonny Lee
RE/MAX CHAMPIONS
List Price
$425,000
Sold Price
$430,000
Premium/Discount to List
$5,000
1.18%

Purchase Details

Listed on
Sep 19, 2013
Closed on
Nov 13, 2013
Sold by
Cheng Edward
Bought by
A & C New Place Llc
Seller's Agent
Mike Cheng
IRN REALTY
Buyer's Agent
Lisa Lin
IRN REALTY
List Price
$249,000
Sold Price
$245,000
Premium/Discount to List
-$4,000
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%

Purchase Details

Closed on
Apr 24, 2010
Sold by
Us Bank National Association
Bought by
Cheng Edward

Purchase Details

Closed on
Feb 22, 2010
Sold by
Mejia Jesus and Mejia Rosa
Bought by
Us Bank National Association

Purchase Details

Closed on
Feb 18, 2004
Sold by
Z & I Investments Inc
Bought by
Mejia Jesus and Mejia Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2003
Sold by
Plasencia Zubin
Bought by
Z & I Investments Inc

Purchase Details

Closed on
May 5, 2003
Sold by
Fuller Larry and Fuller Lynda
Bought by
Plasencia Zubin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Liu Shuangfeng $430,000 Stewart Title Of California
Liu Sanfeng -- Stewart Title Of California
Liu Shuangfeng -- Stewart Title Of California
A & C New Place Llc $245,000 The Nations Title Co Of Ca
Cheng Edward $112,000 Lawyers Title Company
Us Bank National Association $116,250 Lawyers Title
Mejia Jesus $330,000 Fidelity National Title Co
Z & I Investments Inc -- --
Plasencia Zubin $200,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mejia Jesus $264,000
Previous Owner Plasencia Zubin $185,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/08/2022 08/08/22 Sold $430,000 +1.2% $193 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
06/29/2022 06/29/22 For Sale $425,000 +73.5% $190 / Sq Ft
11/20/2013 11/20/13 Sold $245,000 -1.6% $335 / Sq Ft View Prior Sale
11/02/2013 11/02/13 Pending -- -- --
09/19/2013 09/19/13 For Sale $249,000 -- $340 / 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 $6,033 $447,372 $447,372 --
2024 $6,033 $438,600 $438,600 --
2023 $5,807 $430,000 $430,000 $0
2022 $4,261 $283,016 $173,275 $109,741
2021 $4,201 $277,466 $169,877 $107,589
2020 $4,214 $274,621 $168,135 $106,486
2019 $4,062 $269,236 $164,838 $104,398
2018 $4,039 $263,957 $161,606 $102,351
2017 $3,935 $258,781 $158,437 $100,344
2016 $3,802 $253,706 $155,330 $98,376
2015 $3,710 $249,895 $152,997 $96,898
2014 $3,675 $245,000 $150,000 $95,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22140762

California Regional Multiple Listing Service (CRMLS)

APN: 0194-011-11