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8740 Lomita Dr, Rancho Cucamonga, CA 91701
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8740 Lomita Dr Rancho Cucamonga, CA 91701

$1,175,000 Sold Price as of 11/08/2021
  • 9 Beds
  • 7 Baths
  • 3,470 Sq.Ft.
Sold
$1,175,000 Sold Price as of 11/08/2021 Refinance Your Mortgage
Map preview of 8740 Lomita Dr, Rancho Cucamonga, CA 91701

Property Overview: 8740 Lomita Dr Rancho Cucamonga, CA has 9 bedrooms, 7 bathrooms, 3,470 living square feet and 9,147 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: CAN BE PURCHASED WITH 8750 LOMITA DR, RANCHO CUCAMONGA. (Next Door) 8740 Lomita Dr is a well kept fourplex in the City of Rancho Cucamonga. These units are located in ”The Eastwood Apartments” HOA, which consists of 22 individually owned fourplexes totaling 88 units. The Eastwood Apartments HOA offers many amenities for tenants & surety for an investor. The building consists of one 2 bedroom/1 bathroom unit, two 2 bedroom / 2 bath units, and a 3 bedroom/2 bathroom unit. The building is situated on a parcel totaling 0.21 acres. The asset is well landscaped with a central courtyard. Parking is ample for the residents and guests with assigned, carport and street parking. The Eastwood Apartments are well situated near major retail, educational & employment opportunities. The asset is located near the 10 and 210 Freeways, which allows the tenants to connect with the greater Southern California area and beyond. This offering provides an investor the opportunity to acquire a well-maintained apartment property with tremendous rental upside. Investors can take advantage of the attractive residential financing. The neighborhood has convenient access to a wide variety of activities, transportation and retail amenities.

Listed by Mark Bridge | BRE #01316702 | Mark Bridge, Broker
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
9,147
HOA Dues
$975/mo
Year built
1973
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC21204817
City
Rancho Cucamonga
County
San Bernardino
Time on Site
962 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,120
  • Total Rent: $1,120
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,120
  • Total Rent: $1,120
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $57,480
  • Net Operating Income: $26,375
  • Gross Operating Income: $56,330
  • Vacancy Allowance: $1,150
  • Gross Spendable Income: $26,375
  • Laundry Income: $420
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $30,270
  • Electric: $500
  • Gas/Fuel: $1,192
  • New Taxes: $12,660
  • Trash: $0
  • Insurance: $576
  • Maintenance: $2,387
  • Professional Management: $11,700
  • Water/Sewer: $500
  • Other Expenses: $755
  • Other Expense Description: Misc.

Property Details for 8740 Lomita Dr

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Gas Dryer Hookup, Washer Hookup
Kitchen Information
  • Has Appliances
  • Disposal, Gas Range
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Spa
  • Spa Features: Association, Community
Exterior Features
  • No Pool
  • Pool Features: Association, Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Carport
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Mountain(s), Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 0202381200000
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Name: Eastwood Apartments
  • Association Fee: $975 (Monthly)
  • Association Amenities: Pool, Spa/Hot Tub, Electricity, Insurance, Trash, Management, Maintenance Front Yard
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: 10 Freeway
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

Local Rancho Cucamonga Agent

Sale History for 8740 Lomita Dr

Last sold for $1,175,000 on November 8th, 2021

  • November, 2021

  • Nov 8, 2021

    Date

    Sold

    CRMLS: OC21204817

    $1,175,000

    Price

  • Sep 22, 2021

    Date

    Active

    CRMLS: OC21204817

    $1,148,888

    Price

Tax History for 8740 Lomita Dr

Assessed Value (2020): $391,501
Year Land Value Improved Value Assessed Value
2020 $81,943 $309,558 $391,501

Home Value Compared to the Market

This property vs the competition

8740 Lomita Dr sold on November 8, 2021 for 51.17% 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 $331.09 per/sqft which puts the price per square foot 25.6% lower than the current median sale per square foot for the city of Rancho Cucamonga.

About 8740 Lomita Dr

Detailed summary of property

8740 Lomita Dr is a multi family that recently sold in Rancho Cucamonga, CA 91701. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 3,470 living square feet, and sits on an approximately 9,147 square foot lot. 8740 Lomita Dr was first listed on ArdentRealEstateGroup.com on September 22, 2021. The homeowner sold the property for $1,175,000. 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 51.17% higher than the current median priced home. Local homes that are currently for sale include 3856 Pontiac Ave, 10680 Burton St and 1185 W Grand Blvd. This home does have a Homeowners Association and the monthly fee is $975 per month. While the average home in Rancho Cucamonga, CA is selling in 48 days, 8740 Lomita Dr has a days on market of 14 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 8740 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 8740 Lomita Dr

Public county record property details
Beds
9
Baths
1
Year built
1973
Sq. Ft.
3,598
Lot Size
9,000
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
Yes
Spa
No
County
San Bernardino
Lot#
4
APN
0202-381-20-0000

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%)

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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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