NOT LISTED FOR SALE

9107 Sierra Ave Fontana, CA 92335

7 Beds
5 Baths
5,436 Sq Ft
34,412 Sq Ft Lot

Last Sold January 30, 2024

Last sale price $1,450,000 $267 Per Sq Ft

47 Days on Market

About This Home

As of January 2024

This 6 Unit Opportunity is located at 9107 Sierra Ave, Fontana CA 92335. The property is conveniently located walking distance from Kaiser Permanente Medical Center, Falcon Ridge Town Center and Mary Vagal Nature Center. Fontana offers a variety of investment opportunities for those looking to invest in a growing and diverse city with a strong economy and a robust logistics and distribution industry. With its strategic location, growing healthcare sector, and ongoing investments in infrastructure, Fontana is poised for continued economic growth and presents an attractive investment opportunity. With a population of over 213,000 people, the city is known for its diverse community, affordable cost of living, and a strong job market.

Last Agent to Sell the Property

Darren Correa

LE INVESTMENT GROUP License #02066621 Listed on: 10/13/2023

Last Buyer's Agent

Darren Correa

LE INVESTMENT GROUP License #02066621 Listed on: 10/13/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.79 Acre Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 8 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Two Garage Doors
  • Combination Of Materials Used In The Driveway

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 5,436 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 313
  • Tax Tract Number 32
  • Assessor Parcel Number 0194313060000
  • $3,133 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,779
  • Fuel Expense $1,779
  • Insurance Expense $3,000
  • Trash Expense $1,779
  • Water Sewer Expense $1,779
  • Operating Expense $31,121
  • Gross Income $125,400
  • Net Operating Income $84,884

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.79 Acres

Parking

2

Listing Details

  • CapRate: 5.66
  • Property Attached: Yes
  • Water Sewer Expenses: 1779.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0194313060000
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 266.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway - Combination, Concrete, Garage - Two Door
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1779.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 34412.40
  • Lot Size Acres: 0.7900
  • Latitude Manual: 34.08856400

Multi Family

  • Electric Expense: 1779.00
  • Fuel Expense: 1779.00
  • Gross Income: 125400.00
  • Gross Multiplier: 12.01
  • Gross Scheduled Income: 125400.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 0.7900 Acres
  • Net Operating Income: 84884.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 34246.00
  • Rent Control: No
  • Total Expenses: 31121.00

Tax Info

  • Tax Lot: 313
  • Tax Tract Number: 32.02
  • TaxOtherAnnualAssessmentAmount: 3133.00
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Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2024 01/30/24 Sold $1,450,000 -3.3% $267 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
10/13/2023 10/13/23 For Sale $1,499,000 -- $276 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,806 $933,000 $531,800 $401,200
2024 $12,009 $840,200 $579,700 $260,500
2023 $11,823 $850,700 $527,400 $323,300
2022 $8,459 $532,600 $186,400 $346,200
2021 $8,448 $532,300 $186,300 $346,000
2020 $8,495 $528,200 $169,000 $359,200
2019 $8,293 $528,200 $169,000 $359,200
2018 $8,758 $565,600 $175,300 $390,300
2017 $7,443 $458,244 $216,393 $241,851
2016 $7,269 $423,460 $186,298 $237,162
2015 $6,692 $367,193 $213,176 $154,017
2014 $6,047 $360,000 $209,000 $151,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV23191679

California Regional Multiple Listing Service (CRMLS)

APN: 0194-313-06

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