8021 Mango Ave - Apartments FOR SALE


Fontana, CA 92336
$12,500,000 USD
714-814-2088
8021 Mango Ave, Fontana, CA for Sale
$12,500,000 USD
Apartments - FOR SALE
1/23
null | 6.25% Cap Rate

8021 Mango Ave
Fontana, CA 92336


HIGHLIGHTS

  • ProForma Rents will be achieved with new lease ups.
  • Rents for subject property are approximately 40% under market per recent rental survey conducted.
  • First Time To The Market in 30+ Years /The property was constructed in 1985 & is positioned on a large 2.43 Acre Lot.
  • True value-add opportunity by replacing current below market rents & continuing unit renovations. / 6.25% ProForma Cap Rate
  • Excellent Unit Mix of 70% 2-Bedroom, 2- Bathroom Units (40), & 30% 1-Bedroom, 1- Bathroom Units (16).
  • The property features complete fencing with controlled gated access and covered onsite parking. / Onsite Laundry & Fenced Pool

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

56

PRICE/UNIT

$223,214

CAP RATE

6.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PRICE REDUCED Mango Tree Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

96

LAND DETAILS

LAND ACRES

2.43 AC

LAND SF

105,851 SF

ZONING

-

APN/PARCEL ID

0190-241-10

ASK ABOUT THIS PROPERTY

Albert LeLe Investment GroupMore Info
714-814-2088

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Albert LeLe Investment GroupMore Info
714-814-2088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.