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9281 Pepper Ave, Fontana, CA 92335
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9281 Pepper Ave Fontana, CA 92335

$1,920,000 Sold Price as of 10/13/2023
  • 16 Beds
  • 8 Baths
  • 5,888 Sq.Ft.
Sold
$1,920,000 Sold Price as of 10/13/2023 Refinance Your Mortgage
Map preview of 9281 Pepper Ave, Fontana, CA 92335

Property Overview: 9281 Pepper Ave Fontana, CA has 16 bedrooms, 8 bathrooms, 5,888 living square feet and 15,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pleased to exclusively present the Pepper Tree Apartments, an 8-unit, multi family investment property located in the City of Fontana, California. This offering presents qualified investors the opportunity to acquire a well maintained asset in one of the most desirable rental markets in the Inland Empire. The subject property is comprised exclusively of two bedroom units averaging736 square feet of living space. Units are individually metered for electricity with a central water heater and presents tenants with an on-site laundry room. Carport parking is available for all tenants along with extra open spaces that could translate to an additional income stream. Located off Randall Ave, the offering benefits from its convenient access to retail, entertainment, schools, medical offices, parks & freeways--all within reach. Furthermore, proximity to Interstates 10, 15, and 210 freeways grants tenants access to surrounding employment hubs throughout the Inland Empire as well as Los Angeles & Orange County regions. With significant upside potential and growing demand for this submarket, the offering presents the astute investor the opportunity to acquire a cash flowing asset with additional upside through proactive management to capture projected 44% upside in rents.

Listed by Rick Applebaum | BRE #01273871 | Morgan Skenderian
Co-listed by Paul Espinosa | BRE #01942627 | Morgan Skenderian
Last checked: 3 minutes ago | Last updated: October 13th, 2023 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
15,750
HOA Dues
$0/mo
Year built
1978
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
PW23120918
City
Fontana
County
San Bernardino
Time on Site
441 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $10,533
  • Pro Forma/Market Rent: $1,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $128,880
  • Net Operating Income: $70,978
  • Gross Operating Income: $125,014
  • Vacancy Allowance: $3,866
  • Laundry Income: $2,484
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $54,036
  • Electric: $4,713
  • Gas/Fuel: $4,713
  • New Taxes: $19,447
  • Trash: $4,713
  • Gardener: $1,800
  • Insurance: $2,944
  • Maintenance: $7,501
  • Professional Management: $0
  • Water/Sewer: $4,713
  • Other Expenses: $750
  • Other Expense Description: admin

Property Details for 9281 Pepper Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 0193121450000
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross streets are Randall Avenue and Pepper Avenue
Neighborhood Information
  • Community Features: Gutters, Sidewalks
View more facts & features

Local Fontana Agent

Sale History for 9281 Pepper Ave

Last sold for $1,920,000 on October 13th, 2023

  • October, 2023

  • Oct 13, 2023

    Date

    Sold

    CRMLS: PW23120918

    $1,920,000

    Price

  • Jul 6, 2023

    Date

    Active

    CRMLS: PW23120918

    $1,825,000

    Price

  • September, 2019

  • Sep 4, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2019

  • Mar 13, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 9281 Pepper Ave

Assessed Value (2020): $393,512
Year Land Value Improved Value Assessed Value
2020 $77,297 $316,215 $393,512

Home Value Compared to the Market

This property vs the competition

9281 Pepper Ave sold on October 13, 2023 for 194.35% 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 $309.95 per/sqft which puts the price per square foot 14.38% lower than the current median sale per square foot for the city of Fontana.

About 9281 Pepper Ave

Detailed summary of property

9281 Pepper Ave is a apartment that recently sold in Fontana, CA 92335. This apartment offered 16 bedrooms, 8 bathrooms, roughly 5,888 living square feet, and sits on an approximately 15,750 square foot lot. 9281 Pepper Ave was first listed on ArdentRealEstateGroup.com on July 6, 2023. The homeowner sold the property for $1,920,000. 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 194.35% higher than the current median priced home. Local homes that are currently for sale include 1600 N Placentia Ave, 216 W Santa Fe Ave and 2140 Associated Rd. While the average home in Fontana, CA is selling in 61 days, 9281 Pepper Ave has a days on market of 13 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 9281 Pepper 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 9281 Pepper Ave

Public county record property details
Beds
--
Baths
--
Year built
1978
Sq. Ft.
5,888
Lot Size
15,750
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
San Bernardino
Lot#
12
APN
0193-121-45-0000

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.

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