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$12,500,000

Beds
Unknown
sq ft
Unknown

8021 Mango Ave, Fontana, CA 92336

8021 Mango Ave

Fontana, CA 92336

  • 134 days on market
    • Price drop $499,999↓
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.

Details

Property type

Apartment

Lot size

2.43 acres

Price per sq ft

Unknown

Year built

1985

Price History

12/05/2024
CRMLS

CRMLS #IV24168540

Price change
$12,500,000
-3.85%
08/14/2024
CRMLS

CRMLS #IV24168540

Listed
$12,999,999

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Suburban

Status: Active

Tomo last checked: 12/26/2024 at 10:25 AM

Listing updated: 12/13/2024 at 9:14 PM

Listed by: ALBERT LE, LE INVESTMENT GROUP Phone #: (909) 256-7889

MLS: CRMLS #IV24168540

CRMLS logo

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