9251 Wheeler Court, Fontana, CA 92335
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9251 Wheeler Court Fontana, CA 92335

$810,000 Sold Price as of 11/10/2021
  • 5 Beds
  • 5 Baths
  • 2,792 Sq.Ft.
Sold
$810,000 Sold Price as of 11/10/2021 Refinance Your Mortgage

Map preview of 9251 Wheeler Court, Fontana, CA 92335

Property Overview: 9251 Wheeler Court Fontana, CA has 5 bedrooms, 5 bathrooms, 2,792 living square feet and 8,100 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: INCREDIBLE UPSIDE! Opportunity to own this amazing future cash cow! GREAT LOCATION! WALKING DISTANCE TO SHOPPING FOR TENANTS - VERY NICE HIGH PRIDE OF OWNERSHIP NEIGHBORHOOD. This 4Plex is located in one of the most desirable multifamily locations in the area and all 4 units have there own private exclusive single car garages. This complex is perfectly situated near Kaiser Hospital and the 10 Freeway in Fontana. The city of Fontana is centrally located, just minutes down the freeway to Los Angeles County, Orange County, or into the Inland Empire. By purchasing in Fontana, an owner sees the higher returns of the Inland Empire Apartment Market, and yet benefits from being just down the freeway to the much more expensive LA/Orange multifamily markets so you get the great returns in a great location! This bedroom / bath mix consists of: One unit that's 2 bedroom's, 2 bath's, and three units that are 1 bedroom's, 1 bath's. The units are in nice condition and the property has had some recent upgrades which include: Unit #A (2 bedroom)had new flooring, paint, stove & plumbing upgrades in both bathrooms in August 2021. Unit #B -Some plumbing upgrades in the last few months, A/C repairs a few years ago. Unit #C had new flooring, paint, stove installed approximately 1 year ago. Unit #D had new flooring, plumbing upgrades and repairs to the central A/C unit last month. Other improvements include a newer water heater in the shared laundry room. The returns are outstanding!! While actual current rents are low, they are month to month. And at market rents, this investment really performs! At actual rents, at $39,000 annual gross income. At market rents, the property should generate approximately $80,820. annual gross rent. Please see attached marketing package.

Listed by David Proctor | BRE #01182757 | Pinnacle Estate Properties
Co-listed by Serena Ybarra | BRE #01314135 | Pinnacle Estate Properties
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
8,100
HOA Dues
$0/mo
Year built
1978
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
SR21201994
City
Fontana
County
San Bernardino
Time on Site
1099 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $775
  • Total Rent: $775
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $775
  • Total Rent: $775
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $39,000
  • Net Operating Income: $26,832
  • Gross Operating Income: --
  • Laundry Income: $1,100
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $12,168
  • Electric: $360
  • Trash: $2,465
  • Gardener: $900
  • Insurance: $1,505
  • Water/Sewer: $5,450
  • Other Expenses: $960
  • Other Expense Description: Gas

Property Details for 9251 Wheeler Court

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Common Area, See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: See Remarks
Kitchen Information
  • Has Appliances
  • Water Heater Central
Interior Features
  • Unfurnished
  • Levels: One
Exterior Features
Exterior Information
  • Roof: See Remarks
  • Has Fence
  • See Remarks, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned, Covered, Driveway, Garage, Garage Faces Front
Lot Information
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Lawn, Rectangular Lot, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 0194032140000
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Foundation Details: Slab
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
  • Association Name: na
  • Second Association Name: na
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: From 210E. towards Pasadena. Exit on Sierra Ave. Turn left then right on Randall Ave. Then left on Wheeler Ct.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Fontana Agent

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Sale History for 9251 Wheeler Court

Last sold for $810,000 on November 10th, 2021
  • October, 2021

  • Oct 8, 2021

    Date

    Active Under Contract

    CRMLS: SR21201994

    $809,900

    Price

  • Oct 8, 2021

    Date

    Price Change

    CRMLS: SR21201994

    $809,900

    Price

  • Sep 16, 2021

    Date

    Active

    CRMLS: SR21201994

    $779,000

    Price

  • March, 2003

  • Mar 28, 2003

    Date

    Sold (Public Records)

    Public Records

    $265,000

    Price

  • September, 1998

  • Sep 10, 1998

    Date

    Sold (Public Records)

    Public Records

    $145,000

    Price

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Tax History for 9251 Wheeler Court

Assessed Value (2020): $350,949
Year Land Value Improved Value Assessed Value
2020 $87,738 $263,211 $350,949

Home Value Compared to the Market

This property vs the competition

9251 Wheeler Court sold on November 10, 2021 for 30.63% 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 $290.08 per/sqft which puts the price per square foot 19.87% lower than the current median sale per square foot for the city of Fontana.

About 9251 Wheeler Court

Detailed summary of property

9251 Wheeler Court is a fourplex that recently sold in Fontana, CA 92335. This fourplex offered 5 bedrooms, 5 bathrooms, roughly 2,792 living square feet, and sits on an approximately 8,100 square foot lot. 9251 Wheeler Court was first listed on ArdentRealEstateGroup.com on September 16, 2021. The homeowner sold the property for $810,000. 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 30.63% higher than the current median priced home. Local homes that are currently for sale include 7460 Potomac St, 148 Magnolia Ave and 7614 Fern St. While the average home in Fontana, CA is selling in 61 days, 9251 Wheeler Court has a days on market of 20 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 9251 Wheeler Court Fontana, CA 92335 contact Ardent Real Estate Group and we will put you in touch with one of our Fontana agents.

Public Facts for 9251 Wheeler Court

Public county record property details
Beds
5
Baths
5
Year built
1978
Sq. Ft.
2,792
Lot Size
8,100
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
San Bernardino
Lot#
5
APN
0194-032-14-0000

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%)

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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.