8711 Lomita Drive

Rancho Cucamonga, CA 91701

$1,070,013
Last Sold Price
9
Beds
7
Baths
3,598 Sq. Ft.
$297 / Sq. Ft.
3,598
Sq. Ft.
$297
per Sq. Ft.

Description

We are pleased to offer 8711 Limita Drive, a 4-unit investment opportunity located in the master-planned community of Rancho Cucamonga. Situated on a corner lot within the city's best school district, this 4-unit property is comprised of large 2 & 3-bedroom units, each with varying degrees of upgrades to the interiors including new flooring and new countertops that reflect true pride of ownership. Additionally, each unit features a private patio with many offering views of the nearby San Bernardino...We are pleased to offer 8711 Limita Drive, a 4-unit investment opportunity located in the master-planned community of Rancho Cucamonga. Situated on a corner lot within the city's best school district, this 4-unit property is comprised of large 2 & 3-bedroom units, each with varying degrees of upgrades to the interiors including new flooring and new countertops that reflect true pride of ownership. Additionally, each unit features a private patio with many offering views of the nearby San Bernardino Mountains. The Lomita Drive Apartments offers below-average maintenance thanks in part to the community HOA which provides water, insurance, gardening, and more allowing ownership to simply collect rents without the burden of common investment property management. The HOA also provides tenants with a community swimming pool and ample common areas offering a sense of community to the neighborhood. With the low maintenance, low turnover, and stabilized current rents, this is an excellent and smart investment opportunity for any investor. Large 2 & 3-Bedroom Units w/Mountain Views, Excellent Rental Location Near Schools, Parks & Major Retail, Corner Lot with Excellent Exposure, Various Degrees of Upgrades to All Interiors, Extremely Low Maintenance Investment, Community Swimming Pool & Common Areas
  1. Listed by Doug Rodermund • DRE #01314304 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 8711 Lomita Drive

Parking Spaces Total
8
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3598
Assessor Parcel Number
0202-381-01-0000
Property Attached YN
false

Location

Listing Courtesy of Morgan Skenderian, Doug Rodermund, DRE #01314304

Sold By Berkshire Hathaway H.S.C.P., James Bangar, DRE #00867272

Add your commute
LISTING UPDATED: 05/19/2021 10:17 AM

Property Details for 8711 Lomita Drive

StatusClosed
MLS #PW21001450
Days on Market65
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.24 AC / 10,454 SF
CountySan Bernardino County

Location

Listing Courtesy of Morgan Skenderian, Doug Rodermund, DRE #01314304

Sold By Berkshire Hathaway H.S.C.P., James Bangar, DRE #00867272

Add your commute

Building Information for 8711 Lomita Drive

Stories-Residences-Year Built1973Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$6,864 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,839

Property Taxes

$1,025

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8711 Lomita Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $240
  • Gross Scheduled Income: $72,840
  • Vacancy Allowance: 2185
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $70,655
  • Net Operating Income: $42,762
  • Laundry Income: $240
  • Gross Multiplier: 15.5
  • Cap Rate: 3.8
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $27,893
  • Operating Expense Percent: 38.30%
  • New Taxes Expense: $12,367
  • Gardener Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Maintenance Expense: $1,500
  • Other Expense: $11,700
  • Other Expense Description: HOA
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $27,893
Tax / Assessment Info
  • Tax Tract Number: 8089
  • Tax Census Tract: 20.15
  • Tax Lot: 22
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: Community
  • Pool: Community/Common
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 1595
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 1595
  • Unit Type Type: 3
Unit 4
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1695
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 8711 Lomita Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 8711 Lomita Drive

Taxable ValueLand$390,150Additions$723,091Total$1,113,241
Tax Record2023$12,300 ($1,025 / month)
Home Facts
Total Finished SqFt3,598 SqFtAbove Grade Finished SqFt3,598 SqFtLot Size10,500 SqFtStyleQuadraplexYear Built1973CountySAN BERNARDINOAPN0202-381-01-0000

Schools near 8711 Lomita Drive

This home is within Chaffey Joint Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Carnelian Elementary School
PublicK to 6

Alta Loma Junior High School
Public7 to 8

Alta Loma High School
Public9 to 12

Chaffey Community Day School
Public9 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morgan Skenderian, Doug Rodermund, DRE #01314304

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.