Active
8021 Mango Avenue
Fontana CA, 92336
$12,500,000
$298.47 per sqft
Active
41,880 sqft
Condos
Built in 1985
Listed by ALBERT LE with LE INVESTMENT GROUP 909-256-7889
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.
IV24168540
MLSⓇ ID
August 14, 2024
Listed
December 13, 2024
Updated
Map
8021 Mango Avenue
Fontana CA, 92336
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Fireplace Description
None
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
2.43 Acres
Lot Features
26-30 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
264 - Fontana
Days on Market
120
Garage
No
Parking Total
56
View
No
County
San Bernardino
Water Source
Public
Pool
No
Pool Features
Community
Listing History
Date | Event | Price |
|---|---|---|
11/5/2024 | Price change | $12,500,000 -4% |
Listing Contact: 909-256-7889
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Data last updated on 12/13/2024 at 7:53 PM UTC