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Sold for $1,920,000
  • Listed by: Morgan Skenderian • Rick Applebaum • Contact: 949-251-8800
    Bought with: CB RICHARD ELLIS
    $1,920,000

    9281 Pepper Ave, Fontana, CA 92335

    16beds
    8baths
    5,888sqft
    Multi Family
    Built in 1978
    -- sqft lot
    $1,021,600 Zestimate®
    $326/sqft
    $2,082 Estimated rent

    Home value

    $1,021,600

    $817,000 - $1.32M

    $2,082/mo

    Zestimate® history
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    $2,082/mo

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    $12,026/mo

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    What's special

    Medical officesExtra open spacesCarport parkingCentral water heater
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Rick Applebaum DRE #01273871 949-251-8800,

    Morgan Skenderian,

    Paul Espinosa DRE #01942627,

    Morgan Skenderian

    Bought with:

    Eric Chen, DRE #01489184

    CB RICHARD ELLIS

    Source: CRMLS,MLS#: PW23120918MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 8
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 5,888
    • Total interior livable area: 5,888 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: Carport
    • Carport spaces: 8
    • Uncovered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.36 Acres
    Details
    • Parcel number: 0193121450000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1978

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Gutter(s), Sidewalks
    Location
    • Region: Fontana

    Financial & listing details

    • Price per square foot: $326/sqft
    • Date on market: 7/6/2023
    • Cumulative days on market: 13 days
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange

    Price history

    DateEventPrice
    10/13/2023Sold$1,920,000+5.2%$326/sqft
    Source: CRMLS #PW23120918 Report a problem
    7/19/2023Pending sale$1,825,000$310/sqft
    Source: CRMLS #PW23120918 Report a problem
    7/6/2023Listed for sale$1,825,000$310/sqft
    Source: CRMLS #PW23120918 Report a problem
    6/22/2018Listing removed$1,050
    Source: Zillow Rental Manager Report a problem
    6/20/2018Listed for rent$1,050-7.5%
    Source: Zillow Rental Manager Report a problem
    11/4/2016Listing removed$1,135+33.5%
    Source: Zillow Rental Manager Report a problem
    6/8/2014Listing removed$850
    Source: Postlets Report a problem
    6/4/2014Listed for rent$850
    Source: Postlets Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92335

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,021,600
    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
    $1,021,600