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8449 Palmetto Ave, Fontana, CA 92335
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8449 Palmetto Ave Fontana, CA 92335

$1,100,000 Sold Price as of 04/02/2024
  • 11 Beds
  • 6 Baths
  • 5,297 Sq.Ft.
Sold
$1,100,000 Sold Price as of 04/02/2024 Refinance Your Mortgage
Map preview of 8449 Palmetto Ave, Fontana, CA 92335

Property Overview: 8449 Palmetto Ave Fontana, CA has 11 bedrooms, 6 bathrooms, 5,297 living square feet and 42,094 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime Investment Opportunity With 4 Individual Houses On A HUGE (42,094 sq.ft.) Lot Ideal For Multifamily Development. Very attractive unit mx comprised of a Front House which is 4 Bedroom + 2 Baths, Two (2) 2 Bedroom + 1 Bath Houses, and One 1 Bed + 1 Bath House. Situated on Palmetto Ave in between Arrow and Foothill Blvd the asset is perfectly located next to Fontana Middle School and Pacific Electric Trail, it is walking distance to Fontana Library and Technology Center, Miller Park, Fontana City Hall, and everything the city of Fontana has to offer. This Asset is a wonderful opportunity for the right investor who wants a value add property with the opportunity for future multifamily development.

Listed by Matthew Guerra | BRE #02022646 | KW Executive
Last checked: 4 minutes ago | Last updated: April 4th, 2024 | Source CRMLS | DOM: 59

Home details

Lot Sq. Ft
42,094
HOA Dues
$0/mo
Year built
1926
Garage
1 Car
Property Type:
Fourplex
Status
Sold
MLS#
AR24002019
City
Fontana
County
San Bernardino
Time on Site
259 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $2,950
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $81,600
  • Net Operating Income: $46,954
  • Gross Operating Income: --
  • Vacancy Allowance: $2,448
Annual Expense Breakdown
  • Total Operating Expense: $32,198
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 8449 Palmetto Ave

Interior Features
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 0192121200000
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Between arrow and foothill on palmetto
Neighborhood Information
  • Community Features: Biking, Curbs, Park, Sidewalks, Street Lights, Suburban
View more facts & features

Local Fontana Agent

Sale History for 8449 Palmetto Ave

Last sold for $1,100,000 on April 2nd, 2024

  • April, 2024

  • Apr 2, 2024

    Date

    Sold

    CRMLS: AR24002019

    $1,100,000

    Price

  • Jan 4, 2024

    Date

    Active

    CRMLS: AR24002019

    $1,198,000

    Price

  • February, 2020

  • Feb 7, 2020

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

  • December, 2019

  • Dec 10, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 8449 Palmetto Ave

Assessed Value (2020): $264,115
Year Land Value Improved Value Assessed Value
2020 $70,359 $193,756 $264,115

Home Value Compared to the Market

This property vs the competition

8449 Palmetto Ave sold on April 2, 2024 for 93.23% higher than the current median sold price for the city of Fontana which is $620,000. The median sold price per/sqft for Fontana is $362 and this home is sold at $226.17 per/sqft which puts the price per square foot 37.52% lower than the current median sale per square foot for the city of Fontana.

About 8449 Palmetto Ave

Detailed summary of property

8449 Palmetto Ave is a fourplex that recently sold in Fontana, CA 92335. This fourplex offered 11 bedrooms, 6 bathrooms, roughly 5,297 living square feet, and sits on an approximately 42,094 square foot lot. 8449 Palmetto Ave was first listed on ArdentRealEstateGroup.com on January 4, 2024. The homeowner sold the property for $1,100,000. Home in Fontana are selling for a median price of $620,000 and a median price per square foot of $362. Based on Ardent Real Estate Group's Fontana Market Data, this home is sold 93.23% higher than the current median priced home. Local homes that are currently for sale include 820 E Richland St, 536 N 1st Ave and 203 E Park St. While the average home in Fontana, CA is selling in 61 days, 8449 Palmetto Ave has a days on market of 59 days. There are currently 370 homes for sale in the Fontana real estate market and 308 of them are single family homes while 57 of them are condos and 5 are townhomes. For more information on this home for sale at 8449 Palmetto 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 8449 Palmetto Ave

Public county record property details
Beds
3
Baths
3
Year built
1926
Sq. Ft.
2,624
Lot Size
11,881
Stories
2
Type
Single Family Residential
Pool
No
Spa
No
County
San Bernardino
Lot#
8
APN
0192-121-20-0000

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
$580,000
Median List Price/Sq.Ft.
$406
Median Sold Price
$593,000
Median Sold Price/Sq.Ft.
$416
Total Inventory
93
Median Sale to List Price %
100.85%
Avg Days on Market
40
Loan Type
Conventional (30%), FHA (50%), VA (5%), Cash (0%), Other (10%)

Thinking of Selling?

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(714) 706-1823

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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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