8021 Mango Avenue, Fontana, California 92336
  • $12,500,000
  • $12,999,999

Overview

Property ID: IV24168540
  • Apartment, Residential Income
  • Property Type
  • 41880 Sqft
  • Area Size
  • 1985
  • Year Built

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: 8021 Mango Avenue
  • City: Fontana
  • State/county: CA
  • Zip/Postal Code: 92336
  • Country: US

Details

Updated on January 28, 2025 at 1:13 am
  • Property ID IV24168540
  • Price $12,500,000
  • Property Size 41880 Sqft
  • Land Area 2.43 Acres
  • Year Built 1985
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Submit
  • Sewer Public Sewer
  • County San Bernardino
  • Property Type Residential Income
  • Pool Community
  • Community Features Suburban, Pool

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