8582 Tamarind Ave - Apartments FOR SALE


Fontana, CA 92335
$2,115,000 USD
909-456-7013
8582 Tamarind Ave, Fontana, CA for Sale
$2,115,000 USD
Apartments - FOR SALE
1/8
null | 5.52% Cap Rate

8582 Tamarind Ave
Fontana, CA 92335


HIGHLIGHTS

  • Nine-unit multifamily community built in 1985
  • +- 7,548 rentable SF on +_ 0.50 Acres
  • Unit Mix: 6 two-bedroom and 3 one bedroom units
  • 13 carports + 4 open spaces, on-site laundry room and select units with balconies
  • Current Cap Rate: 5.52% - Pro Forma: 6.19%
  • Recent Upgrades: All HVAC condensers replaced within the past 5 years, water lines upgraded to Pex piping in all the two-bedroom units

OVERVIEW

Marcus & Millichap is pleased to present Tamarind Avenue Apartments, located at 8582 Tamarind Avenue in Fontana, California. Built in 1985, the property sits on approximately 0.50 acres and offers ±7,548 rentable square feet. The unit mix features a majority two-bedroom units along with one-bedroom layouts, appealing to a broad tenant base. Amenities include on-site parking with 13 covered carports and 4 open spaces (approximately 1.9 spaces per unit), a shared laundry room, and select units with private balconies. The property demonstrates strong in-place financials, with additional upside through continued rent growth as several units remain below market levels. The new owner will also benefit from recent improvements, including all HVAC condensers replaced within the past five years and upgraded water lines for the two-bedroom units completed approximately three years ago. Situated in Fontana, one of the fastest-growing cities in the Inland Empire, the asset benefits from steady rental demand fueled by the region’s expansive logistics and warehousing industry. Nearby employment hubs include Amazon fulfillment centers, Kaiser Permanente Medical Center, Ontario International Airport, and major distribution centers for UPS, FedEx, and Walmart. The location also offers excellent accessibility to I-10, I-15, and CA-210 freeways, reinforcing tenant demand and longterm market stability. Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property. For Further Information, Please Contact the Listing Agents

FOR SALE DETAILS

PRICE

$2,115,000 USD

PRICE/SF

$280 USD /SF

# OF UNITS

9

PRICE/UNIT

$235,000

CAP RATE

5.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,437 SF

ZONING

R-3, Fontana

APN/PARCEL ID

0192-221-18

ASK ABOUT THIS PROPERTY

Kevin StruveMarcus & MillichapMore Info
909-456-7013

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Kevin StruveMarcus & MillichapMore Info
909-456-7013

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