15515 Randall Avenue

  • Fontana

  • $1,500,000
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Residential Income Details

Description
12 units in 7 separate buildings on a corner lot of almost one acre, offered at a cap rate of over 7% proforma, 9 GRM. The apartment complex consists of 3 Houses, 2 Duplexes, 1 fourplex and one Casita. 1(3+2) SFR, 1(3+1) SFR, 2 (2+1) SFR, 3 (2+1) and 5 (1+1). Each unit has its own address. Plenty of parking, no rent control. very good upside as rents are still below market, 100% occupancy with many long term tenants, Property located on the South East Corner of Randall and Elm. Across from the elementary school. Two newer (2006) residential community developments on two of the other corners of Randall & Elm. Currently, 2 of the tenants have their own utility meters and the other 10 share three common gas and electric meters. Sellers are in the process of submetering with four new meter panels connected to four subpanels. Sellers will credit buyers to complete the project. Sellers have notified the tenants that either the submeters will come first or Ratio Utility Billing Systems (RUBS) will be implemented.
Essential
MLS #CV17127907
Price$1,500,000
Number of Units12
Sale TypeStandard
Sub-TypeApartment
StatusPending
Listing BrokerageCENTURY 21 MASTERS
Listing AgentSHAWN LUONG
Listing Agent BRE #00857818
Interior
CoolingWall Window
HeatingWall Heater
Exterior
ParkingUnassigned,Uncovered,Driveway,Shared Driveway,Driveway - Gravel
Garage Spaces0
PoolNone
RoofingShingle
Community
Area264 - Fontana
CommunityCurbs,Sidewalks,Storm Drains,Street Lighting,Suburban
Address15515 Randall Avenue
CityFontana
CountySan Bernardino
StateCA
ZipCode92335
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, November 15, 2017. 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.