G
Seller's Agent in 2024
Grady Liu
MacroReal Inv Grp Inc.
(626) 236-8934
7 Total Sales
16645 Valencia Ave Fontana, CA 92335
Fontana Area
5
Beds
3
Baths
17,120
Sq Ft
0.76
Acre Lot
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
MacroReal Inv Grp Inc. License #01290494 Listed on: 06/12/2023
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 in unit
- 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
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
Listed on
Jun 12, 2023
Closed on
Dec 26, 2023
Sold by
Bought by
Seller's Agent
Grady Liu
MacroReal Inv Grp Inc.
Buyer's Agent
YANNELLY PEREZ
EXP REALTY OF CALIFORNIA INC
List Price
$5,040,000
Sold Price
$4,580,000
Premium/Discount to List
-$460,000
-9.13%
Views
57
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,275,000
Interest Rate
0.069%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 21, 2017
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
$1,600,000
Interest Rate
0.0393%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 1, 2010
Sold by
Bought by
Purchase Details
Closed on
Feb 7, 2003
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
$550,000
Interest Rate
0.0576%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 17, 1997
Sold by
Bought by
Purchase Details
Closed on
Feb 10, 1997
Sold by
Bought by
Purchase Details
Closed on
Dec 15, 1994
Sold by
Bought by
Purchase Details
Closed on
Jun 24, 1994
Sold by
Bought by
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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 |
|---|---|---|---|
| $4,580,000 | Old Republic Title | ||
| $2,750,000 | First American Title Insuran | ||
| -- | None Available | ||
| -- | First American | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | Chicago Title Co | ||
| $403,400 | World 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 | $2,275,000 | ||
| Closed | $2,275,000 | ||
| Previous Owner | $2,680,000 | ||
| Previous Owner | $1,600,000 | ||
| Previous Owner | $550,000 |
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 |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|
| 2026 | $58,072 | $4,765,032 | $967,572 | $3,797,460 |
| 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
-
Grady Liu
-
Hao Ding
H
Seller Co-Listing Agent in 2024
Hao Ding
MacroReal Inv Grp Inc.
(626) 898-5868
6 Total Sales
-
YANNELLY PEREZ
Y
Buyer's Agent in 2024
YANNELLY PEREZ
EXP REALTY OF CALIFORNIA INC
(626) 512-7026
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR23104081
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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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