8021 Mango Avenue

Fontana, CA 92336

  • 0 Bed(s)
  • 0 Bath(s)
  • 41,880 Sqft
  • 105850.8
    Sqft(Lot)
$12,500,000

Description

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.

  • Property Type

    Residential Income

  • County

    San Bernardino

  • Style

    Residential Income

  • AD ID

    46636176

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1985
    • Building Area Total: 41,880

    Pool Features

    • Community

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 2.43
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 105850.8

  • Listing Price Information

    • Original List Price: 12,500,000
    • Listing Contract Date: 2024-08-10

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 0190241100000

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 264 - Fontana
    • Directions: 8021 Mango Ave, Fontana, CA 92336
    • Source Property Type: Residential Income
    • Area: 264 - Fontana
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 39
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 12/18/2024 @ 08:48

  • MLS: IV24168540
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 41,880 sqft, 105,851 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Fontana , in zip code 92336, this San Bernardino County Home are nearby neighborhoods.