NOT LISTED FOR SALE
8 Beds
5 Baths
3,325 Sq Ft
0.44 Acre Lot

Sale Details

Date Sold: April 20, 2012

Last sale price $375,000 $113 Per Sq Ft

107 Days on Market

About This Home

As of April 2012

The subject property comprises of five single-story units located within walking distance of Fontana High School in the city of Fontana with easy access to both 10 and 210 Freeways. The property is well located on a quiet residential neighborhood with majority single-family residences surrounded.

Each unit has its own private front and back patios. The property is individually metered for gas and electricity and each unit has individual hot water heaters.

This property has approximately 20,000 square feet of lot size, which includes ample parking spaces for the tenants.

Last Agent to Sell the Property

Douglas McCauley

MARCUS & MILLICHAP License #01155706 Listed on: 11/14/2011

Last Buyer's Agent

Douglas McCauley

MARCUS & MILLICHAP License #01155706 Listed on: 11/14/2011

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 19,166 Sq Ft Lot

Home Design

  • 3,325 Sq Ft Home
  • Cottage
  • Frame Construction
  • Asphalt Roof
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 11 Parking Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tax Lot 001
  • Tax Tract Number 1

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Maintenance Expense $2,872
  • Professional Management Expense $2,394
  • Trash Expense $4,357
  • Water Sewer Expense $960
  • New Taxes Expense $4,620
  • Gross Income $4,200
  • Net Operating Income $29,477

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0.44 Acres

Listing Details

  • CapRate: 7.39
  • Professional Management Expense: 2394.00
  • Water Sewer Expenses: 960.00
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 112.78

Exterior Features

  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 11.00

Utilities

  • Trash Expense: 4357.00

Lot Info

  • Lot Size Sq Ft: 19166.00
  • Lot Size Acres: 0.4400

Multi Family

  • Average1 Bed Area: 500
  • Average2 Bed Area: 775
  • Gross Income: 4200.00
  • Gross Multiplier: 7.92
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 19166.0000 Square Feet
  • Maintenance Expense: 2872.00
  • Net Operating Income: 29477.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 18403.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 4620.00
  • Tax Lot: 001
  • Tax Tract Number: 0001

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
Feb 3, 2016
Sold by
Bought by

Purchase Details

Closed on
Feb 18, 2012
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
$280,000
Interest Rate
3.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 3, 2001
Sold by
Bought by

Purchase Details

Closed on
Aug 18, 2000
Sold by
Bought by

Purchase Details

Closed on
Mar 13, 1998
Sold by
Bought by
Source: Public Records

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
$575,000 First American
$375,000 None Available
-- --
$41,280 Lawyers Title Company
$145,000 Lawyers Title Company
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 $314,000
Previous Owner $280,000
Previous Owner $314,000
Previous Owner $43,000
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
04/20/2012 04/20/12 Sold $375,000 -10.7% $113 / Sq Ft
02/29/2012 02/29/12 Pending -- -- --
11/14/2011 11/14/11 For Sale $420,000 -- $126 / 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 $9,677 $694,297 $125,577 $568,720
2025 $9,677 $680,684 $123,115 $557,569
2024 $8,974 $667,337 $120,701 $546,636
2023 $8,648 $654,252 $118,334 $535,918
2022 $8,545 $641,424 $116,014 $525,410
2021 $8,427 $628,847 $113,739 $515,108
2020 $8,398 $622,399 $112,573 $509,826
2019 $8,146 $610,195 $110,366 $499,829
2018 $8,159 $598,230 $108,202 $490,028
2017 $8,004 $586,500 $106,080 $480,420
2016 $5,783 $397,891 $58,358 $339,533
2015 $5,645 $391,914 $57,481 $334,433
2014 $5,594 $384,237 $56,355 $327,882
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: C11159965

California Regional Multiple Listing Service (CRMLS)
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