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Sold for $5,000,000
  • Listed by: MARCUS & MILLICHAP • Douglas McCauley • Contact: 909-456-3493
    Bought with: MARCUS & MILLICHAP
    $5,000,000

    8421 Oleander Ave, Fontana, CA 92335

    41beds
    26baths
    17,887sqft
    Multi Family
    Built in 1955
    -- sqft lot
    $2,047,300 Zestimate®
    $280/sqft
    $2,584 Estimated rent

    Home value

    $2,047,300

    $1.66M - $2.70M

    $2,584/mo

    Zestimate® history
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    What's special

    This property is part of the nine (9) property Fontana Apartment Portfolio. The seller is willing to sell each property individually. The property sits on a substantial parcel of 1.69 acres (73,660 square feet) that consists of two single-family residences, two duplexes, and three townhouse-style fourplexes for a total building area of 17,887 square feet. Twelve units were constructed in 2007, consisting of six two-bedroom/one-bathroom units, three two-bedroom/one and one-half-bathroom units, and three three-bedroom/one and one-half-bathroom units. These units feature pitched tile roofs, double car garages with direct access to units, private spacious backyards, central air conditioning and heating, and selected units have balconies. Six units were constructed in 1955, consisting of two three-bedroom/two-bathroom single-family residences and four two-bedroom/one-bathroom floor plans. 8421 Oleander Avenue is a single-family house with an attached single-car garage and a spacious backyard with a built-in oven. Similarly, 8427 Oleander Avenue is a single-family house with a single-car garage, gated front porch, private driveway, and private backyard with access to additional open parking spaces in the back. The two duplexes feature single-car garages, ample open parking spaces, and private backyards. The community offers its residents a cabana in the spacious common area and an on-site laundry room. All units are individually metered for gas and electricity. The large parcel offers possible opportunities for future development or ADUs. The properties are conveniently located just south of Foothill Blvd, more commonly known as Historic Route 66, and approximately two miles away from I-10 Freeway, providing residents with easy access to cities in Los Angeles and Palm Springs. With an average daily traffic count of over 55,000, Foothill Blvd offers residents with multiple dining and shopping options, including Cardenas Markets, Walgreens, Superior Grocers, El Super, Stater Bros. Markets, and Smart & Final within two-mile radius of the properties. Additionally, majority of the properties are within walkable distance to the Downtown Fontana Core Districts that are bound by Foothill Blvd on the north, Randall Avenue on the south, Juniper Avenue on the west, and Mango Avenue on the east. Downtown Fontana is envisioned as a vibrant, active, family-friendly hub for shopping, dining, and socializing.

    Zillow last checked:

    Listing updated:

    Listed by:

    Douglas McCauley DRE #01155706 626-695-6776,

    MARCUS & MILLICHAP,

    David Covarrubias DRE #01941403,

    MARCUS & MILLICHAP

    Bought with:

    Douglas McCauley, DRE #01155706

    MARCUS & MILLICHAP

    David Covarrubias, DRE #01941403

    MARCUS & MILLICHAP

    Source: CRMLS,MLS#: CV24113295MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 41
    • Bathrooms: 26
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 17,887
    • Total interior livable area: 17,887 sqft

    Property

    Parking
    • Total spaces: 18
    • Parking features: Garage
    • Garage spaces: 18
    Features
    • Entry location: Front
    • Pool features: None
    Lot
    • Size: 1.69 Acres
    • Features: Lot Over 40000 Sqft
    Details
    • Parcel number: 0191081320000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1955

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Sidewalks
    Location
    • Region: Fontana

    Financial & listing details

    • Price per square foot: $280/sqft
    • Date on market: 6/4/2024
    • Cumulative days on market: 76 days
    • Listing terms: Cash,Cash to New Loan

    Price history

    DateEventPrice
    10/30/2024Sold$5,000,000-15.3%$280/sqft
    Source: CRMLS #CV24113295 Report a problem
    8/21/2024Pending sale$5,900,000$330/sqft
    Source: CRMLS #CV24113295 Report a problem
    6/5/2024Listed for sale$5,900,000$330/sqft
    Source: CRMLS #CV24113295 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92335

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,047,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,047,300