8021 Mango Avenue , Fontana, CA 92336
Fontana, CA 92336
Description
True value-add opportunity by replacing current below market rents & continuing unit renovations. / 6.25% ProForma Cap Rate / ProForma Rents will be achieved with new lease ups. / Rents for subject property are approximately 40% under market per recent rental survey conducted. / Excellent Unit Mix of 70% 2-Bedroom, 2- Bathroom Units (40), & 30% 1-Bedroom, 1- Bathroom Units (16). First time to the market in 30+ years. True value-add opportunity, with rents for subject property being approximately 40% under market. Welcome to this exceptional 56-unit apartment building the Mango Tree Apartments, ideally located in the heart of Fontana, CA. Built in 1985 and set on a generous 2.43-acre lot, this property offers a perfect blend of comfort and convenience for residents. The community features 16 spacious one-bedroom, one bathroom units and 40 two-bedroom, two-bathroom units. Residents benefit from private balconies, perfect for relaxing and enjoying the surroundings.
Details
| Mls | IV24168540 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1985 |
| Days On Site | 116 |
| Listing Provided By | LE INVESTMENT GROUP 909-256-7889 | ALBERT LE |
Features
| Sq Feet | 41,880 |
|---|---|
| Car Port | Yes |
| Pool | Yes |
| Storys | 2 |
| Units | 56 |
| Buildings | 7 |
| Acreage | 2.43 |
Market Activity 92336
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Fontana |
| Zip Code | 92336 |
| Area | 264 Fontana |
| Listing VS Median (in 92336) | |
Price: $12,500,000 low | high Med: $699,000 SqFt: 41,880 low | high Med: 1,576 $ / SqFt: $298 low | high Med: $444 On Site: 116 low | high Med: 27.000000 | |