8021 Mango AVE, Fontana, CA 92336 - MLS#IV24168540

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Ricardo Gil Jr

rgiljr@gilsre.com +1(209) 226-9649

$12,500,000

Est. payment - /mo

2.43 Acres Lot

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UPDATED:

11/05/2024 07:54 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV24168540

HOA Y/N No

Year Built 1985

Lot Size 2.430 Acres

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

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 56

Pool Community

Community Features Suburban, Pool

Total Parking Spaces 56

Private Pool No

Building

Lot Description 26-30 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 0190241100000

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Listing Terms Submit

Special Listing Condition Standard

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Listed by ALBERT LE • LE INVESTMENT GROUP • 909-256-7889

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Ricardo Gil Jr

+1(209) 226-9649

Broker | CA DRE#01800755

Broker CA DRE#01800755