8021 Mango Ave - Apartments FOR SALE
Fontana, CA 92336 |
8021 Mango Ave
Fontana, CA 92336
HIGHLIGHTS
- 2nd Substantial price reduction of $1,000,000 from $12.5 Million to $11.5 Million / Seller is motivated to meet the market & sell this asset.
- ProForma rents already being achieved by new lease-ups. / Priced below market at $205,357/unit.
- Rents for subject property are approximately 40% under market per recent rental survey conducted.
- True value-add opportunity by replacing current below market rents & continuing unit renovations. / 6.88% ProForma Cap Rate
- 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 /The property was constructed in 1985 & is positioned on a large 2.43 Acre Lot.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
2nd Million Dollar Price Reduction
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
49473
STORIES
2
YEAR BUILT
1985
PARKING SPACES
96
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
0190-241-10
