Fontana, CA 92336,8021 Mango Avenue
Fontana, CA 92336,8021 Mango Avenue
Fontana, CA 92336,8021 Mango Avenue
9
Listed by ALBERT LE β€’ LE INVESTMENT GROUP
Bought with ALBERT LE β€’ LE INVESTMENT GROUP
$10,850,000
$12,500,000
13.2%
Est.Price: ?

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41,880 SqFt

8021 Mango Avenue Fontana, CA 92336

Est. payment /mo
SOLD DATE : 01/27/2025

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Key Details

Sold Price $10,850,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 41,880 sqft

Price per Sqft $259

MLS Listing ID CRIV24168540

Sold Date 01/27/25

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1985

Lot Size 2.430 Acres

Property 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.

Location

State CA

County San Bernardino

Interior

Fireplace No

Laundry Other

Building

Water Public

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Bay East AOR and Contra Costa AOR

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