NOT LISTED FOR SALE

16645 Valencia Ave Fontana, CA 92335

5 Beds
3 Baths
17,120 Sq Ft
0.76 Acres Lot

Sale Details

Date Sold: January 3, 2024

Last sale price $4,580,000 $268 Per Sq Ft

136 Days on Market

About This Home

As of January 2024

***Price Reduction***
We are pleased to present the rare opportunity to acquire a 16-unit multi-family investment in Fontana, California. The property is located at 16645 Valencia Ave in Fontana. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The property has great unit mix consisting of 8 two-bedroom/ one-bath units and 8 three-bedroom/two-bath units with large unit sizes of over 1,000 PSF.

Last Agent to Sell the Property

Grady Liu

MacroReal Inv Grp Inc. License #01290494 Listed on: 06/12/2023

Co-Listed By

Hao Ding

MacroReal Inv Grp Inc. License #02024511

Last Buyer's Agent

YANNELLY PEREZ

EXP REALTY OF CALIFORNIA INC License #02091667

EXP REALTY OF CALIFORNIA INC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 33,120 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 16 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 17,120 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 6 / 1
  • Assessor Parcel Number 0191241360000
  • $6,875 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 16 Units

Building Details

  • 1 Separate Water Meter
  • Electric Expense $1,204
  • Gardener Expense $3,000
  • Insurance Expense $6,848
  • Maintenance Expense $8,000
  • Professional Management Expense $9,600
  • Trash Expense $9,522
  • Water Sewer Expense $14,554
  • New Taxes Expense $55,675
  • Operating Expense $108,403
  • Gross Income $353,700
  • Net Operating Income $234,893

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0.76 Acres

Parking

16

Listing Details

  • CapRate: 4.81
  • Professional Management Expense: 9600.00
  • Property Attached: Yes
  • Water Sewer Expenses: 14554.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 0191241360000
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 267.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 16.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 16.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 9522.00
  • 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: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 33120.00
  • Lot Size Acres: 0.7603

Multi Family

  • Electric Expense: 1204.00
  • Gross Income: 353700.00
  • Gross Operating Income: 343296.00
  • Gross Scheduled Income: 346800.00
  • Insurance Expense: 6848.00
  • Lot Size Area: 33120.0000 Square Feet
  • Maintenance Expense: 8000.00
  • Net Operating Income: 234893.00
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 108403.00
  • Rent Control: No
  • Total Expenses: 108403.00

Tax Info

  • New Taxes Expense: 55675.00
  • Tax Block: 1
  • Tax Census Tract: 28.04
  • Tax Lot: 6
  • TaxOtherAnnualAssessmentAmount: 6875.00
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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
01/03/2024 01/03/24 Sold $4,580,000 -6.1% $268 / Sq Ft
07/21/2023 07/21/23 Price Changed $4,880,000 -3.2% $285 / Sq Ft
06/12/2023 06/12/23 For Sale $5,040,000 -- $294 / 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
2025 $58,072 $4,671,600 $948,600 $3,723,000
2024 $37,958 $3,067,676 $920,302 $2,147,374
2023 $36,693 $3,007,526 $902,257 $2,105,269
2022 $36,361 $2,948,555 $884,566 $2,063,989
2021 $35,878 $2,890,741 $867,222 $2,023,519
2020 $35,640 $2,861,100 $858,330 $2,002,770
2019 $34,693 $2,805,000 $841,500 $1,963,500
2018 $10,528 $551,131 $68,892 $482,239
2017 $6,087 $540,324 $67,541 $472,783
2016 $5,985 $529,730 $66,217 $463,513
2015 $5,908 $521,773 $65,222 $456,551
2014 $5,913 $511,552 $63,944 $447,608
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2024

    Grady Liu

    MacroReal Inv Grp Inc.

    (626) 236-8934

    8 Total Sales

    Grady Liu
    Section Image

  • H

    Seller Co-Listing Agent in 2024

    Hao Ding

    MacroReal Inv Grp Inc.

    (626) 898-5868

    7 Total Sales

    Hao Ding
    Section Image

  • Y

    Buyer's Agent in 2024

    YANNELLY PEREZ

    EXP REALTY OF CALIFORNIA INC

    (626) 512-7026

    3 Total Sales

    YANNELLY PEREZ
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR23104081

California Regional Multiple Listing Service (CRMLS)
California San Bernardino County Fontana 92335

16645 Valencia Ave, Fontana, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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