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Shawn Luong
626-643-7090
reoagent@shawnluong.com

CalBRE# 00857818
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Shawn Luong
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626-643-7090
reoagent@
shawnluong.com

CalBRE# 00857818
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15515 Randall Avenue,  Fontana CA, 92335 (Residential Income)

Status: Pending
MLS#: CV17127907
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Last Updated: 10/21/2017 10:39 AM
Description for 15515 Randall Avenue Fontana, CA 92335
12 units in 7 separate buildings on a corner lot of almost one acre, offered at a cap rate of over 7% proforma, 9 GRM. The apartment complex consists of 3 Houses, 2 Duplexes, 1 fourplex and one Casita. 1(3+2) SFR, 1(3+1) SFR, 2 (2+1) SFR, 3 (2+1) and 5 (1+1). Each unit has its own address. Plenty of parking, no rent control. very good upside as rents are still below market, 100% occupancy with many long term tenants, Property located on the South East Corner of Randall and Elm. Across from the elementary school. Two newer (2006) residential community developments on two of the other corners of Randall & Elm. Currently, 2 of the tenants have their own utility meters and the other 10 share three common gas and electric meters. Sellers are in the process of submetering with four new meter panels connected to four subpanels. Sellers will credit buyers to complete the project. Sellers have notified the tenants that either the submeters will come first or Ratio Utility Billing Systems (RUBS) will be implemented.
Price
$1,500,000
San Bernardino
CV17127907
Pending
Description
12 units in 7 separate buildings on a corner lot of almost one acre, offered at a cap rate of over 7% proforma, 9 GRM. The apartment complex consists of 3 Houses, 2 Duplexes, 1 fourplex and one Casita. 1(3+2) SFR, 1(3+1) SFR, 2 (2+1) SFR, 3 (2+1) and 5 (1+1). Each unit has its own address. Plenty of parking, no rent control. very good upside as rents are still below market, 100% occupancy with many long term tenants, Property located on the South East Corner of Randall and Elm. Across from the elementary school. Two newer (2006) residential community developments on two of the other corners of Randall & Elm. Currently, 2 of the tenants have their own utility meters and the other 10 share three common gas and electric meters. Sellers are in the process of submetering with four new meter panels connected to four subpanels. Sellers will credit buyers to complete the project. Sellers have notified the tenants that either the submeters will come first or Ratio Utility Billing Systems (RUBS) will be implemented.
Listing Information
Property Type: Cluster, Bungalow, 2 Story
0.73 Acres 31,800 sq.ft. $190.57
1940 2
Frame, Stucco
12 Total
Neighborhood
Room Information
Dryer Connection
Interior Features
Window/Wall Unit
Wall Unit
Exterior / Lot Features
20 Parking Spaces, Unassigned, Uncovered, Driveway, Shared Driveway
Stucco, Frame
Shingle
None
No Pool
RS
Wood
Sidewalks, Street Lights, Curbs Walk, Suburban, Storm drains
Driving Directions
corner of Randall and Elm
Financial Considerations
0233211170000
$139,200 Income ,$38,561Expense
Listing Price History

Fontana Real Estate

Fontana is located in California. Fontana, California 92335 has a population of 207,460.

The median household income in Fontana, California 92335 is $64,995. The median household income for the surrounding county is $54,100 compared to the national median of $53,482. The median age of people living in Fontana 92335 is 30 years.

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Courtesy: SHAWN LUONG - CENTURY 21 MASTERS SHAWN LUONG
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