$10,850,000Sold Price
41,880 Sqft
105,850 Sqft

8021 Mango Avenue, Fontana, CA 92336

  • Commercial Sale Property Type
  • 1985 Year Built
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.

Basic Details
Commercial Sale
Other
Sold
CRIV24168540
$12,500,000
159
41,880 Sqft
1985
105,850 Sqft
2.43 Acre
Closed
Features
Public Sewer
: Other
Address Map
CA
San Bernardino
Fontana
92336
Mango Avenue
8021
W118° 34' 8.9''
8021 Mango Ave, Fontana, CA 923
Additional Info
LE INVESTMENT GROUP
ALBERT LE
albert.le@leinvestmentgroup.com
Sold
Public
For Sale
Price History
01/27/2025
$10,850,000
08/14/2024
$12,999,999
$12,999,999
Additional Information
41880
Listing Information
2025-01-28T02:54:11Z
BayEast
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    Sriram Akella
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    Lakshmi Suneeta Chinta
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