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
November 5, 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
83
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
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/5/2024 at 8:21 PM UTC