8021 Mango Avenue, Fontana, CA 92336
  • MLS#: IV24168540 ( Apartment )
  • Street Address: 8021 Mango Avenue
  • Viewed: 1
  • Price: $12,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1985
  • Bldg sqft: 0
  • Days On Market: 98
  • Additional Information
  • County: SAN BERNARDINO
  • City: Fontana
  • Zipcode: 92336
  • Provided by: LE INVESTMENT GROUP
  • Contact: ALBERT ALBERT
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 41880.00
Carport Spaces
  1. 56.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 85
Electric Expense
  1. 36089.00
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 25208.00
Laundry Features
  1. Common Area
Laundry Income
  1. 10167.00
Levels
  1. Two
Lot Features
  1. 26-30 Units/Acre
Netoperatingincome
  1. 781212.00
Newtaxesexpense
  1. 131113.00
Number Of Separate Electric Meters
  1. 56
Number Of Separate Gas Meters
  1. 56
Parcel Number
  1. 0190241100000
Pool Features
  1. Community
Professionalmanagementexpense
  1. 18000.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 421078242:CRM
Totalexpenses
  1. 394779.00
Trash Expense
  1. 10000.00
Vacancyallowance
  1. 48576
Water Sewer Expense
  1. 36089.00
Water Source
  1. Public
Year Built
  1. 1985
Year Built Source
  1. Assessor