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12015 Silicon Avenue 4, Chino, California 91710, Chino, 91710 - bed, bath

12015 Silicon Avenue 4, Chino, California 91710 home-pic-0
ACTIVE$1,675,000
12015 Silicon Avenue 4, Chino, California 91710
0Bed
0Bath
5,080Sqft
11,256Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Significant Income Generation: Features two permitted ADUs, a studio, and a pending JR ADU, all currently rented, providing substantial and immediate rental income as a quadruplex.
Top Cons:
Incomplete JR ADU Permitting: The buyer is responsible for completing the permitting process and final details for the JR ADU, which may incur additional costs, time, and administrative effort.

Compared to the nearby listings

Price:$1.68M vs avg $710.0K (+$965,000)67%
Size:5,080 sqft vs avg 1,826 sqft67%
Price/sqft:$330 vs avg $37033%

More Insights

Built in 1954 (71 years old).
Condition: The property was completely rebuilt in 2006, making its effective age 18 years, which aligns with the 'Good' category's 'built within 10 to 20 years' criterion. The custom kitchen features granite countertops and a large island, and the main living areas boast travertine flooring. The master bathroom includes a Jacuzzi tub and separate shower, indicating high-quality finishes from the renovation. While the aesthetic style of the 2006 renovation might not be considered 'brand new' by current 2024 trends, the property is move-in ready, well-maintained, and does not require immediate renovations, with all major systems likely functional and within their expected lifespan.
Year Built
1954
Close
-
List price
$1.68M
Original List price
$1.7M
Price/Sqft
$330
HOA
-
Days on market
-
Sold On
-
MLS number
SW24080955
Home ConditionGood
Features
Good View: Back Bay
Patio
ViewBack Bay

About this home

SFR PROPERTY WITH TWO PERMITED ADU's. PROPERTY ALSO HAS A JR ADU THAT BUYER WILL HAVE TO COMPLETE PERMITTING PROCESS FOR, PLANS ALREADY COMPLETED AND MAJORITY OF WORK JUST NEED TO SUBMIT AND FINISH OUT LAST DETAILS TO GET JR. ADU APPROVED. THE PROPERTY WAS COMPLETELY REBUILT IN 2006. MODERN STUNNING HOME WITH DOUBLE DOOR ENTRY WITH A BRIGHT OPEN FLOOR PLAN WITH HIGH CATHEDRAL CEILINGS "HARD TO FIND IN CHINO" ** GREAT OPPORTUNITY FOR INVESTOR OR OWNER OCCUPANT. THIS IS A REMODELED CUSTOM ESTATE HOME, HUGE LOT MORE THAN 11,000 SQ.FT LOT. BUILT WITH A SPANISH FLAIR. THE HOUSE HAS 3 MASTER BEDROOMS IN MAIN HOUSE. HOME HAS AN AMAZING GLASS & WROUGHT IRON DOUBLE DOOR ENTRY, LARGE LIGHTED FRONT YARD WITH AUTOMATIC SPRINKLERS, AUTOMATIC SIDE GATE WITH REMOTE CONTROLS, PLENTY OF EXTRA COURTYARD PARKING, WITH 2 CAR GARAGES AND ADDITIONAL DRIVEWAY PARKING. IT HAS A CUSTOM KITCHEN WITH A LARGE ISLAND W/GRANITE COUNTERTOP. MASTER BEDROOM FEATURES A FIREPLACE, WALK IN CLOSET, SEPARATE SHOWER, JACUZZI TUB AND PRIVATE PATIO. LARGE BALCONY OVERLOOKING COURTYARD. TRAVERTINE FLOOR IN THE LIVING ROOM AND DINING ROOM, MAIN HOUSE ADU AND JR ADU, ALONG WITH STUDIO FULLY RENTED TO THIRD PATIES. COMMON AREA BACK YARD OF PROPERTY SHARED WITH OTHER TENANTS.

Condition Rating
Good
The property was completely rebuilt in 2006, making its effective age 18 years, which aligns with the 'Good' category's 'built within 10 to 20 years' criterion. The custom kitchen features granite countertops and a large island, and the main living areas boast travertine flooring. The master bathroom includes a Jacuzzi tub and separate shower, indicating high-quality finishes from the renovation. While the aesthetic style of the 2006 renovation might not be considered 'brand new' by current 2024 trends, the property is move-in ready, well-maintained, and does not require immediate renovations, with all major systems likely functional and within their expected lifespan.
Pros & Cons

Pros

Significant Income Generation: Features two permitted ADUs, a studio, and a pending JR ADU, all currently rented, providing substantial and immediate rental income as a quadruplex.
Extensive Modern Renovation: Completely rebuilt in 2006, offering a modern open floor plan with high cathedral ceilings, a custom kitchen with granite island, and luxurious travertine flooring.
Generous Lot Size & Parking: Situated on a large 11,256 sq.ft. lot with a lighted front yard, automatic gate, two-car garages, and ample additional courtyard parking.
Luxurious Main House Amenities: Boasts three master bedrooms, including a master suite with a fireplace, walk-in closet, jacuzzi tub, and private patio, enhancing comfort and appeal.
Versatile Investment Opportunity: Ideal for both investors seeking strong rental returns and owner-occupants looking to offset mortgage costs with significant rental income.

Cons

Incomplete JR ADU Permitting: The buyer is responsible for completing the permitting process and final details for the JR ADU, which may incur additional costs, time, and administrative effort.
Shared Common Backyard: The common area backyard is shared among tenants, potentially limiting privacy and exclusive use for an owner-occupant or requiring careful tenant management.
Complex Property Management: As a quadruplex with multiple units and tenants, managing the property can be more intricate and demanding than a single-family residence, potentially requiring professional oversight.

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