8021 Mango Avenue, Fontana, California 92336
- $12,500,000
- $12,999,999
- $12,500,000
- $12,999,999
Overview
- Apartment, Residential Income
- 41880 Sqft
- 1985
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.
Address
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Address: 8021 Mango Avenue
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City: Fontana
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State/county: CA
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Zip/Postal Code: 92336
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Country: US
Details
Updated on January 28, 2025 at 1:13 am-
Property ID IV24168540
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Price $12,500,000
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Property Size 41880 Sqft
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Land Area 2.43 Acres
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Year Built 1985
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Submit
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Sewer Public Sewer
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County San Bernardino
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Property Type Residential Income
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Pool Community
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Community Features Suburban, Pool
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