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$3,500,000   Price Analysis
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16665 Valencia Ave
Fontana, CA 92335
28 bed 14 bath 11,628 SqFt ($300/SqFt)
0.61 acre lot. Built 1978
Listed 2024-06-04, Taxes $13,000
Ⓧ USDA Ineligible
due to price & location

near Fontana

SELLER FI NANCING AVAILABLE - This property is part of the nine (9)

Property Fontana Apartment Portfolio. The seller is willing to sell each property individually. Constructed in 1978, the apartment complex is located on a rectangular 0.61-acre parcel (26, 400 square feet) and has a building area of 11, 628 square feet. The property consists of fourteen two-bedroom/one-bathroom floor plans (approximately 830 square feet per unit) and features fourteen carport parking spaces, ample open parking spaces with a long driveway, an on-site laundry facility and open space in the back for possible ADUs or other future developments. Each unit offers wall-unit air conditioning and is individually metered for gas and electricity.

The properties are conveniently located south of Foothill Blvd, more commonly known as Historic Route 66 and approximately two miles away from I-10 Freeway, providing residents with easy access to cities in Los Angeles and Palm Springs. With an average daily traffic count of over 55, 000, Foothill Blvd offers residents with multiple dining and shopping options, including Cardenas Markets, Walgreens, Superior Grocers, El Super, Stater Bros. Markets and Smart and Final within two-mile radius of the properties. Additionally, majority of the properties are within walkable distance to the Downtown Fontana Core Districts that are bound by Foothill Blvd on the north, Randall Avenue on the south, Juniper Avenue on the west and Mango Avenue on the east. Downtown Fontana is envisioned as a vibrant, active, family-friendly hub fr shopping, dining and socializing.


Presented by Douglas Mccauley at
MARCUS & MILLICHAP.


Property MLS #CV24113115 from CRMLS

Bedrooms: 28

Laundry Features: Community

Full Bathrooms: 14

Carport Spaces: 14
Parking Total: 20

Lot Description: Rectangular Lot
Lot Size Acres: 0.6061
Lot Size Square Feet: 26400

Number of Units: 14
Bedrooms in Unit-1: 2
Total Bathrooms in Unit-1: 1

Gardener Expense: 5040.00
Maintenance Expense: 8610.00

Vacancy Allowance: 1722

Community Features: Sidewalks

Source Listing Status: Active
County: San Bernardino
Source Property Type: Residential Income
Insurance Expense: 6562.00
Area: 264 - Fontana
Source Neighborhood: 264 - Fontana
Number of Separate Electric Meters: 15
Number of Separate Gas Meters: 15
Number of Separate Water Meters: 1
Parcel Number: 0191241010000
Trash Expense: 5374.00
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$667,375 + $147,004
$814,379
$13,000
2021$654,289 + $144,122
$798,411
$12,815
2020$647,580 + $142,644
$790,224
$12,867
2019$634,882 + $139,847
$774,729
$12,390
2018$622,433 + $137,105
$759,538
$12,283
2017$610,228 + $134,417
$744,645
$11,928
2016$598,263 + $131,781
$730,044
$11,493
2015$589,277 + $129,802
$719,079
$11,196
2014$577,734 + $127,259
$704,993
$11,070
2013$575,123 + $126,684
$701,807
$11,042
2012$563,846 + $124,200
$688,046
$10,721
2011$552,790 + $121,765
$674,555
$10,420
2010$548,659 + $120,855
$669,514
$10,263
2009$549,962 + $121,142
$671,104
$10,100
2008$539,178 + $118,767
$657,945
$9,832
2007$528,606 + $116,438
$645,044
$9,615

Listed 2024-06-04
$3,500,000
CRMLS
Sold 2002-03-13
$585,000
Public Record
Sold 1989-05-15
$172,000
Public Record

Net Operating Income: 97855.00

Total Square Feet Living: 11628
Year Built: 1978
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: front
Property Age: 46
Property Attached: Yes
Building Total Stories: 2
Structure Type: Apartment

Electric Expense: 4722.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 4722.00
Water Source: Public

Oleander Elementary School is a public elementary school located approximately 0.5 miles away.
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Fontana Middle School is a public middle school located approximately 0.6 miles away.
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Fontana High School is a public high school located approximately 1.3 miles away.
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Living Way Fontana Christian School is a private high school located approximately 0.1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.