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8332 Nuevo Ave, Fontana, CA 92335
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8332 Nuevo Ave Fontana, CA 92335

$1,180,000 Sold Price as of 08/07/2019
  • 10 Beds
  • 5 Baths
  • 3,879 Sq.Ft.
Sold
$1,180,000 Sold Price as of 08/07/2019 Refinance Your Mortgage
Map preview of 8332 Nuevo Ave, Fontana, CA 92335

Property Overview: 8332 Nuevo Ave Fontana, CA has 10 bedrooms, 5 bathrooms, 3,879 living square feet and 13,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Nuevo 5 Apartments, 5-unit single story community with 2 bedrooms and 1 bathroom apts, is located in the Fontana Opportunity Zone *, and in prime residential street just two blocks from the Fontana Civic Center. More than $200,000 in capital improvements and the ability to raise rents 16% with minimal or no added investment. Apartments are spacious, bright, have skylights, new double pane windows and dual pane sliding doors to access the private courtyards, each has 3-head mini split HVAC unit, SS stove and 1 assigned carport parking. The building has a new 30-year roof, new 400 amp main electric panel, and 100 amp sub-panels for each apartment, new water main, is newly painted, the carport asphalt was newly resurfaced, and a new drought tolerant, water saving landscaping. All apartments have granite counters and 3 apartments have been fully upgraded with new floors and wood trim, new painted interiors, newly refurbished kitchen cabinets, new tub / shower enclosure, new bathroom vanity and faucet, new doors, lots of closet / linen storage space, new office/computer desk space, all new interior and exterior LED lights, new vertical blinds, new water heaters. The complex is fully occupied with some long term tenants. Proforma rent is $8,000 per month, monthly expenses less taxes are $660, Proforma NOI is $73,090 per year making the Proforma CAP rate 5.6. Please refer to MLS data for OM and See Virtual Tour of Apartments.

Listed by Katelyn Mejia | BRE #02069096 | CIBA Real Estate
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 95

Home details

Lot Sq. Ft
13,500
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
AR19091411
City
Fontana
County
San Bernardino
Time on Site
1388 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 6
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,860
  • Total Rent: $82,320
  • Pro Forma/Market Rent: $96,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $82,320
  • Net Operating Income: $59,410
  • Gross Operating Income: --
  • # of Rented Garages: 6
Annual Expense Breakdown
  • Total Operating Expense: $22,910
  • Electric: $460
  • New Taxes: $14,950
  • Trash: $1,950
  • Gardener: $1,440
  • Insurance: $1,900
  • Maintenance: $350
  • Professional Management: $0
  • Water/Sewer: $1,860

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 8332 Nuevo Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Zoned, Electric, ENERGY STAR Qualified Equipment
Heating Information
  • Has Heating
  • Central, Zoned, Electric, High Efficiency
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, In Kitchen, Washer Hookup
Room Information
  • Flooring: Laminate, Tile
  • All Bedrooms Down, Kitchen, Laundry, Main Floor Bedroom, Master Bedroom
Kitchen Information
  • Has Appliances
  • Gas Range, Water Heater
Interior Features
  • Granite Counters, Storage, Unfurnished
  • Levels: One
  • Window Features: Blinds, Double Pane Windows, ENERGY STAR Qualified Windows
  • Security Features: Fire and Smoke Detection System, Smoke Detector(s)
  • Door Features: Insulated Doors
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, New Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Parking Features: Carport, Street
Lot Information
  • Lot Features: 6-10 Units/Acre, Garden, Landscaped, Rectangular Lot, Sprinklers Drip System, Sprinklers In Front, Yard
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 0191152300000
  • Year Built Source: Assessor
  • Architectural Style: Ranch
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: 2+ Access Exits, 32 Inch Or More Wide Doors, 36 Inch Or More Wide Halls, No Interior Steps
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
Location / Neighborhood
Location Information
  • Directions: Exit S on Sierra Ave from 210 E, right on Upland, left on Nuevo Ave. The building is on your right hand side
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Park, Storm Drains, Street Lights, Suburban
View more facts & features

Local Fontana Agent

Sale History for 8332 Nuevo Ave

Last sold for $1,180,000 on August 7th, 2019

  • August, 2019

  • Aug 8, 2019

    Date

    Sold

    CRMLS: AR19091411

    $1,180,000

    Price

  • Jul 30, 2019

    Date

    Active Under Contract

    CRMLS: AR19091411

    $1,278,000

    Price

  • Jun 10, 2019

    Date

    Active

    CRMLS: AR19091411

    $1,278,000

    Price

  • Jun 10, 2019

    Date

    Price Change

    CRMLS: AR19091411

    $1,278,000

    Price

  • Jun 7, 2019

    Date

    Withdrawn

    CRMLS: AR19091411

    $1,300,000

    Price

  • Apr 26, 2019

    Date

    Active

    CRMLS: AR19091411

    $1,300,000

    Price

  • August, 2019

  • Aug 7, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,180,000

    Price

  • April, 2019

  • Apr 30, 2019

    Date

    Canceled

    CRMLS: AR19091392

    $1,300,000

    Price

  • Apr 26, 2019

    Date

    Active

    CRMLS: AR19091392

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    Nuevo 5 Apartments is a five-unit single story community with 2 bedrooms and 1 bathroom, located in the Fontana Opportunity Zone *, and in prime residential street just two blocks from the Fontana Civic Center. Each apartment is spacious, bright, has a skylight, new double pane windows and dual pane sliding doors to access the private courtyards, each has 3-head mini split HVAC unit, SS stove and 1 assigned carport parking. The building has a new 30-year roof, new main electric panel, and 100 amp sub-panels for each apartment, is newly painted, the carport asphalt was newly resurfaced, and a new drought tolerant landscaping with an automatic drip irrigation system. Each unit is individually metered for electricity and gas. All apartments have granite counters and 3 apartments have been fully upgraded with new floors and wood trim, new painted interiors, newly refurbished kitchen cabinets, new tub / shower enclosure, new bathroom vanity and faucet, new doors, lots of closet / linen storage space, new office/computer desk space, all new interior and exterior LED lights, new vertical blinds, new water heaters in three apartments. The Nuevo 5 apartment complex is fully occupied with some long term tenants. Proforma rent is $8,000 per month, Expenses are $22,910 per year, Proforma NOI is $73,090 per year making the Proforma CAP rate 5.6. Please refer to MLS data for OM and See Virtual Tour of Apartments.

  • March, 2019

  • Mar 28, 2019

    Date

    Leased

    CRMLS: CV19061240

    $1,450

    Price

  • Mar 19, 2019

    Date

    Active

    CRMLS: CV19061240

    $1,450

    Price

  • Listing provided courtesy of CRMLS

    Well maintained complex near Downtown Fontana. 2 bedrooms, 1 bathroom. Nice Kitchen with granite counter tops, with Laundry Hook Ups in kitchen. Nice size enclosed patio. Waster & Trash included. Carport in back with street parking in front. Small dog okay with $50 more per month with approved pet.

  • August, 2017

  • Aug 12, 2017

    Date

    Sold

    CRMLS: AR17135211

    $732,000

    Price

  • Jul 14, 2017

    Date

    Pending

    CRMLS: AR17135211

    $725,000

    Price

  • Jun 15, 2017

    Date

    Active

    CRMLS: AR17135211

    $725,000

    Price

  • Listing provided courtesy of CRMLS

    Fontana is a City with over 203,000 residents and this fabulous property is centrally located nestled on a beautiful tree lined street and close to down town Fontana with easy access to shopping, restaurants, medical facilities, police department and many other businesses around the area, this is a perfect investor property, with mayor upside potential. Property is tenant occupied and each of the five units is 2 bedroom and 1 bath with updated kitchens and new flooring, swamp coolers and fully rented. This property is located about 1.45 miles south of 210 freeway. Please do not disturbe tenants, subject to inspection.

  • August, 2017

  • Aug 11, 2017

    Date

    Sold (Public Records)

    Public Records

    $732,000

    Price

  • February, 2015

  • Feb 19, 2015

    Date

    Price Change

    CRMLS: IV14257353

    $699,777

    Price

  • Dec 12, 2014

    Date

    Price Change

    CRMLS: IV14257353

    $729,777

    Price

  • Dec 12, 2014

    Date

    Price Change

    CRMLS: IV14257353

    $729,000

    Price

  • Listing provided courtesy of CRMLS

    Great property to own, surrounded by many single family residences, near City Hall, not far from Hospital, near Bus lines and Train for your transportation needs...................... each property has their own private cemented yard, and or patio, all separately metered for Gas and Electricity, Has covered parking, and recently remodeled and or upgraded......Roof looks to be in Great condition....... a must see..

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Tax History for 8332 Nuevo Ave

Assessed Value (2020): $1,180,000
Year Land Value Improved Value Assessed Value
2020 $350,000 $830,000 $1,180,000

Home Value Compared to the Market

This property vs the competition

8332 Nuevo Ave sold on August 7, 2019 for 101.79% higher than the current median sold price for the city of Fontana which is $633,343. The median sold price per/sqft for Fontana is $351 and this home is sold at $329.47 per/sqft which puts the price per square foot 6.13% lower than the current median sale per square foot for the city of Fontana.

About 8332 Nuevo Ave

Detailed summary of property

8332 Nuevo Ave is a apartment that recently sold in Fontana, CA 92335. This apartment offered 10 bedrooms, 5 bathrooms, roughly 3,879 living square feet, and sits on an approximately 13,500 square foot lot. 8332 Nuevo Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,180,000. Home in Fontana are selling for a median price of $633,343 and a median price per square foot of $351. Based on Ardent Real Estate Group's Fontana Market Data, this home is sold 101.79% higher than the current median priced home. Local homes that are currently for sale include 774 N 1st Ave, 215 E Belmont St and 896 N Cota St. While the average home in Fontana, CA is selling in 54 days, 8332 Nuevo Ave has a days on market of 95 days. There are currently 321 homes for sale in the Fontana real estate market and 254 of them are single family homes while 65 of them are condos and 2 are townhomes. For more information on this home for sale at 8332 Nuevo Ave Fontana, CA 92335 contact Ardent Real Estate Group and we will put you in touch with one of our Fontana agents.

Public Facts for 8332 Nuevo Ave

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
3,879
Lot Size
13,500
Stories
--
Type
Apartments (Generic)
Pool
No
Spa
No
County
San Bernardino
Lot#
16
APN
0191-152-30-0000

The source for these homes facts are from public records.

92335 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$565,000
Median List Price/Sq.Ft.
$419
Median Sold Price
$573,000
Median Sold Price/Sq.Ft.
$374
Total Inventory
81
Median Sale to List Price %
104.18%
Avg Days on Market
23
Loan Type
Conventional (42.11%), FHA (26.32%), VA (0%), Cash (26.32%), Other (5.26%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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