Search
8711 Lomita Dr, Rancho Cucamonga, CA 91701
Image 2 for 8711 Lomita Dr, Rancho Cucamonga, CA 91701
Image 3 for 8711 Lomita Dr, Rancho Cucamonga, CA 91701
View Photos

8711 Lomita Dr Rancho Cucamonga, CA 91701

$1,070,013 Sold Price as of 05/18/2021
  • 9 Beds
  • 7 Baths
  • 3,598 Sq.Ft.
Sold
$1,070,013 Sold Price as of 05/18/2021 Refinance Your Mortgage
Map preview of 8711 Lomita Dr, Rancho Cucamonga, CA 91701

Property Overview: 8711 Lomita Dr Rancho Cucamonga, CA has 9 bedrooms, 7 bathrooms, 3,598 living square feet and 10,454 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer 8711 Limita Drive, a 4-unit investment opportunity located in the master-planned community of Rancho Cucamonga. Situated on a corner lot within the city's best school district, this 4-unit property is comprised of large 2 & 3-bedroom units, each with varying degrees of upgrades to the interiors including new flooring and new countertops that reflect true pride of ownership. Additionally, each unit features a private patio with many offering views of the nearby San Bernardino Mountains. The Lomita Drive Apartments offers below-average maintenance thanks in part to the community HOA which provides water, insurance, gardening, and more allowing ownership to simply collect rents without the burden of common investment property management. The HOA also provides tenants with a community swimming pool and ample common areas offering a sense of community to the neighborhood. With the low maintenance, low turnover, and stabilized current rents, this is an excellent and smart investment opportunity for any investor. *Large 2 & 3-Bedroom Units w/Mountain Views, *Excellent Rental Location Near Schools, Parks & Major Retail, *Corner Lot with Excellent Exposure, *Various Degrees of Upgrades to All Interiors, *Extremely Low Maintenance Investment, *Community Swimming Pool & Common Areas

Listed by Doug Rodermund | BRE #01314304 | Morgan Skenderian
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 65

Home details

Lot Sq. Ft
10,454
HOA Dues
$0/mo
Year built
1973
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21001450
City
Rancho Cucamonga
County
San Bernardino
Time on Site
1206 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.8%
  • Gross Rent Multiplier: 15.5
  • Gross Scheduled Income: $72,840
  • Net Operating Income: $42,762
  • Gross Operating Income: $70,655
  • Vacancy Allowance: $2,185
  • Laundry Income: $240
Annual Expense Breakdown
  • Total Operating Expense: $27,893
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $12,367
  • Trash: $0
  • Gardener: $0
  • Insurance: $0
  • Maintenance: $1,500
  • Water/Sewer: $0
  • Other Expenses: $11,700
  • Other Expense Description: HOA

Property Details for 8711 Lomita Dr

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 0202381010000
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of Base Line Road & East of Carnelian Street
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Rancho Cucamonga Agent

Sale History for 8711 Lomita Dr

Last sold for $1,070,013 on May 18th, 2021

  • May, 2021

  • May 20, 2021

    Date

    Sold

    CRMLS: PW21001450

    $1,070,013

    Price

  • May 5, 2021

    Date

    Pending

    CRMLS: PW21001450

    $1,128,888

    Price

  • Mar 10, 2021

    Date

    Active Under Contract

    CRMLS: PW21001450

    $1,128,888

    Price

  • Jan 25, 2021

    Date

    Active

    CRMLS: PW21001450

    $1,128,888

    Price

  • Jan 25, 2021

    Date

    Active Under Contract

    CRMLS: PW21001450

    $1,128,888

    Price

  • Jan 4, 2021

    Date

    Active

    CRMLS: PW21001450

    $1,128,888

    Price

  • August, 2017

  • Aug 26, 2017

    Date

    Expired

    CRMLS: PW17039857

    $995,000

    Price

  • Mar 21, 2017

    Date

    Active

    CRMLS: PW17039857

    $995,000

    Price

  • Mar 20, 2017

    Date

    Pending

    CRMLS: PW17039857

    $995,000

    Price

  • Feb 27, 2017

    Date

    Active

    CRMLS: PW17039857

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    • Large 2 & 3 Bedroom Units • Best School District in Rancho Cucamonga • Excellent Rental Location, No Vacancies in Area • Corner Lot with Excellent Exposure • Community Pool and Common Areas

  • August, 2016

  • Aug 8, 2016

    Date

    Sold (Public Records)

    Public Records

    $725,000

    Price

  • September, 2010

  • Sep 2, 2010

    Date

    Sold (Public Records)

    Public Records

    $535,000

    Price

Show More

Tax History for 8711 Lomita Dr

Assessed Value (2020): $769,376
Year Land Value Improved Value Assessed Value
2020 $265,302 $504,074 $769,376

Home Value Compared to the Market

This property vs the competition

8711 Lomita Dr sold on May 18, 2021 for 48.54% higher than the current median sold price for the city of Rancho Cucamonga which is $760,000. The median sold price per/sqft for Rancho Cucamonga is $445 and this home is sold at $313.75 per/sqft which puts the price per square foot 29.49% lower than the current median sale per square foot for the city of Rancho Cucamonga.

About 8711 Lomita Dr

Detailed summary of property

8711 Lomita Dr is a multi family that recently sold in Rancho Cucamonga, CA 91701. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 3,598 living square feet, and sits on an approximately 10,454 square foot lot. 8711 Lomita Dr was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,070,013. Home in Rancho Cucamonga are selling for a median price of $760,000 and a median price per square foot of $445. Based on Ardent Real Estate Group's Rancho Cucamonga Market Data, this home is sold 48.54% higher than the current median priced home. Local homes that are currently for sale include 3856 Pontiac Ave, 1185 W Grand Blvd and 3876 Locust St. While the average home in Rancho Cucamonga, CA is selling in 48 days, 8711 Lomita Dr has a days on market of 65 days. There are currently 260 homes for sale in the Rancho Cucamonga real estate market and 195 of them are single family homes while 51 of them are condos and 13 are townhomes. For more information on this home for sale at 8711 Lomita Dr Rancho Cucamonga, CA 91701 contact Ardent Real Estate Group and we will put you in touch with one of our Rancho Cucamonga agents.

Public Facts for 8711 Lomita Dr

Public county record property details
Beds
9
Baths
1
Year built
1973
Sq. Ft.
3,598
Lot Size
10,500
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
San Bernardino
Lot#
22
APN
0202-381-01-0000

The source for these homes facts are from public records.

91701 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$859,000
Median List Price/Sq.Ft.
$454
Median Sold Price
$840,000
Median Sold Price/Sq.Ft.
$465
Total Inventory
64
Median Sale to List Price %
100.14%
Avg Days on Market
16
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (24%), Other (16%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 8711 Lomita Dr

Nearby Homes for Sale

774 N 1st Ave, Upland, CA 91786
$1,175,000
5 Beds
4 Baths
2387 Sq.Ft.
774 N 1st Ave
Upland, CA 91786
221 E Sunkist St, Ontario, CA 91761
$879,000
3 Beds
3 Baths
1816 Sq.Ft.
221 E Sunkist St
Ontario, CA 91761
215 E Belmont St, Ontario, CA 91761
$1,161,600
8 Beds
4 Baths
3336 Sq.Ft.
215 E Belmont St
Ontario, CA 91761
12980 6th St, Chino, CA 91710
$920,000
6 Beds
4 Baths
2398 Sq.Ft.
12980 6th St
Chino, CA 91710
996 E 4th St, Pomona, CA 91766
$925,000
5 Beds
4 Baths
2536 Sq.Ft.
996 E 4th St
Pomona, CA 91766
2458 Chanslor St, Pomona, CA 91766
$1,100,000
8 Beds
5 Baths
3818 Sq.Ft.
2458 Chanslor St
Pomona, CA 91766
2406 Angela St, Pomona, CA 91766
$988,000
8 Beds
6 Baths
3828 Sq.Ft.
2406 Angela St
Pomona, CA 91766
2411 Angela St, Pomona, CA 91766
$1,100,000
8 Beds
5 Baths
3835 Sq.Ft.
2411 Angela St
Pomona, CA 91766
7436 Oleander Ave, Fontana, CA 92336
$860,000
6 Beds
5 Baths
2363 Sq.Ft.
7436 Oleander Ave
Fontana, CA 92336
8529 Oleander Ave, Fontana, CA 92335
$1,275,000
7 Beds
7 Baths
2650 Sq.Ft.
8529 Oleander Ave
Fontana, CA 92335
678 Del Rosa Pl, Pomona, CA 91768
$1,150,000
8 Beds
4 Baths
3600 Sq.Ft.
678 Del Rosa Pl
Pomona, CA 91768
5337 La Sierra Ave, Riverside, CA 92505
$890,000
18 Beds
0 Baths
2519 Sq.Ft.
5337 La Sierra Ave
Riverside, CA 92505

Recently Sold Homes Near 8711 Lomita Dr

8740 Lomita Dr, Rancho Cucamonga, CA 91701
$1,175,000 Last Sold Price
9 Beds
7 Baths
3470 Sq.Ft.
8740 Lomita Dr
Rancho Cucamonga, CA 91701
8750 Lomita Dr, Rancho Cucamonga, CA 91701
$1,125,000 Last Sold Price
9 Beds
7 Baths
3470 Sq.Ft.
8750 Lomita Dr
Rancho Cucamonga, CA 91701
8755 Lomita Dr, Rancho Cucamonga, CA 91701
$1,080,000 Last Sold Price
9 Beds
8 Baths
3598 Sq.Ft.
8755 Lomita Dr
Rancho Cucamonga, CA 91701
7412 Napa Court, Rancho Cucamonga, CA 91730
$1,250,000 Last Sold Price
9 Beds
7 Baths
3746 Sq.Ft.
7412 Napa Court
Rancho Cucamonga, CA 91730

Related Resources to 8711 Lomita Dr

New Listings in 91701
Popular Zip Codes
Popular Cities
Other Rancho Cucamonga Resources

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.

Refi Quote