14836 Arrow Rte

Fontana, CA 92335

$1,200,000
Last Sold Price
5
Beds
11
Baths
7,520 Sq. Ft.
$160 / Sq. Ft.
7,520
Sq. Ft.
$160
per Sq. Ft.
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Closed 4/17/14
Closed 4/17/14

Description

Arrow Garden Apartments is a rare multi-family investment opportunity located in the city of Fontana’s west region. Currently the rents for two bedrooms are $75 or 7.8% below the market rates of $950/Month. Three bedrooms two baths is $350 or 28% below the market rate of $1,225/month. Upon bringing up the current rents to market rate level, this property will generate an additional $1,050/month income and the annual gross income would be at $120,600. The laundry income is approx. $250/month collected...Arrow Garden Apartments is a rare multi-family investment opportunity located in the city of Fontana’s west region. Currently the rents for two bedrooms are $75 or 7.8% below the market rates of $950/Month. Three bedrooms two baths is $350 or 28% below the market rate of $1,225/month. Upon bringing up the current rents to market rate level, this property will generate an additional $1,050/month income and the annual gross income would be at $120,600. The laundry income is approx. $250/month collected for the owner since the laundry machines are owned. Arrow Gardens Apartments is situated on a rare 30,360 SF lot, with 20 assigned parking plus 2 visitors parking that are well served the tenants. Historically, this apartment building has long term tenants averaged lease term over 5 years. This is an ideal investment opportunity for an investor to own a newer built, pride of ownership type of asset in the west Fontana rental market, with healthy rent increases to apply for higher returns in the next 24 months.
  1. Listed by ERIC CHEN • DRE #01489184 • CB RICHARD ELLIS

Property Details for 14836 Arrow Route

Parking Spaces Total
22
Private Pool
No
Cooling Type
Central Air
Total Units
10.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
7520
Assessor Parcel Number
0230-072-32-0000
LISTING CLOSED: 04/17/2014 12:00 AM

Property Details for 14836 Arrow Route

StatusClosed
MLS #CV14000553
Days on Market107
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1986
Lot Size0.70 AC / 30,360 SF
CountySan Bernardino County
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Location

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

Sold By Starburst Realty, Dalida Lim, DRE #01329154

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Building Information for 14836 Arrow Route

Stories2Residences-Year Built1986Building Size-Lot Size0.70 AC / 30,360 SF

Payment Calculator

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$7,348 per month

30 year fixed, 6.36% Interest

Principal and Interest

$5,980

Property Taxes

$1,368

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 14836 Arrow Route

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $8,975
  • Gross Scheduled Income: $107,700
  • Vacancy Allowance: 5235
  • Vacancy Allowance Rate: 5
  • Net Operating Income: $67,223
  • Other Income Description: Monthly Gross Scheduled Rent
  • Gross Multiplier: 11.94
  • Cap Rate: 5.38
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $35,242
  • New Taxes Expense: $13,963
  • Gardener Expense: $3,600
  • Electric Expense: $740
  • Insurance Expense: $1,222
  • Maintenance Expense: $6,148
  • Maintenance Percent: 6.00%
  • Professional Management Expense: $0
  • Trash Expense: $2,942
  • Water Sewer Expense: $6,295
Tax / Assessment Info
  • Tax Tract Number: 0000
  • Tax Lot: 00
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Cooktop
  • Equipment: Community, Garbage Disposal
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Own
  • Cooling: Central Air
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Flooring Type: Carpet
  • Flooring: Carpet
Exterior Features
  • Window Features: Blinds
  • Security Features: Fire Sprinkler System
  • Roof: Composition
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Back Yard, Lawn, Landscaped, Rectangular Lot, Patio Home
  • Number Of Units: 10
  • Levels: Two
  • Water: District
  • Sewer: Conventional Septic
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned, Parking for Guests
  • Open Other Spaces Total: 22
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned, Guest
Unit Information
Unit 1
  • Unit Type Units Total: 9
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $875
  • Unit Type Total Rent: $7,875
  • Unit Type Pro Forma: 950
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $850
  • Unit Type Total Rent: $850
  • Unit Type Pro Forma: 1225
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number With Patio: 10

Property History for 14836 Arrow Route

DateEvent & SourcePriceAppreciation
Apr 17, 2014

Sold

CLAW #CV14000553MR

$1,200,000—
Apr 17, 2014

Sold

CRMLS #CV14000553

$1,200,000—
Mar 13, 2014

Sold (Public Record)

Public Record #913362463

$1,200,000—
DateEvent & SourcePrice
04/17/2014

Sold

CLAW #CV14000553MR

$1,200,000
04/17/2014

Sold

CRMLS #CV14000553

$1,200,000
03/13/2014

Sold (Public Record)

Public Record #913362463

$1,200,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 14836 Arrow Route

Taxable ValueLand$382,616Additions$1,117,840Total$1,500,456
Tax Record2025$16,412 ($1,368 / month)
Home Facts
Baths3Total Finished SqFt7,866 SqFtAbove Grade Finished SqFt7,866 SqFtLot Size30,360 SqFtStyleMulti-Family Res (5+ Units)Year Built1988Year Renovated1988ZoningRMCountySAN BERNARDINOAPN0230-072-32-0000

Schools near 14836 Arrow Route

This home is within Fontana Unified School District.
Rating
School
Type
Grades
Distance
Redwood Elementary School
Public - K to 6
Almeria Middle School
Public - 6 to 8
Summit High School
Public - 9 to 12
Citrus High (Continuation) School
Public - 10 to 12
Rating
School
Distance
Redwood Elementary School
PublicK to 6

Almeria Middle School
Public6 to 8

Summit High School
Public9 to 12

Citrus High (Continuation) School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.