Fontana, CA 92336,8021 Mango AVE
Fontana, CA 92336,8021 Mango AVE
Fontana, CA 92336,8021 Mango AVE
9
$10,850,000
$12,500,000
13.2%
Est.Price: ?

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41,880 SqFt

8021 Mango AVE Fontana, CA 92336

Est. payment /mo
SOLD DATE : 01/27/2025

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Key Details

Sold Price $10,850,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 41,880 sqft

Price per Sqft $259

MLS Listing ID IV24168540

Sold Date 01/27/25

HOA Y/N No

Year Built 1985

Lot Size 2.430 Acres

Acres 2.43

Property Sub-Type Apartment

Property 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.

Location

State CA

County San Bernardino

Area 264 - Fontana

Interior

Fireplaces Type None

Laundry Common Area

Exterior

Pool Community

Community Features Suburban

Private Pool No

Building

Lot Description 26-30 Units/Acre

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Lease Land No

Confidential INFO

TERMS Submit

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE See Remarks

SHOW INSTRUCTIONS Contact for full offering memorandum. Drive by only, please do not disturb the tenants.

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CRMLS Plus
Listed by LE INVESTMENT GROUP
Bought with LE INVESTMENT GROUP
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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