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Listed by: ALBERT LE | LE INVESTMENT GROUP
Sold Jan 27, 2025
$10,850,000

8021 Mango Avenue, Fontana CA

-beds
-baths
41,880sq ft
$259/sq ft
9 days on rennie159 cumulative days on market
IV24168540MLS ®

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 details


Residential IncomeProperty type
105,850.8 ft²Lot area SF
$0Taxes
TwoFloor levels
Listed byLE INVESTMENT GROUP
rennie last checkedMay 06, 2025 at 07:38am
Last updatedFebruary 19, 2025 at 08:00am
Cumulative days on market159 days
Closed DateJanuary 27, 2025
SourceCRMLS

Additional Details


Parking / Storage
Parking places - total56
Additional building details
Year Built1985
Services connectedSuburban, Pool
Sewer typePublic Sewer
Water typePublic
Fireplace fueled byNone
Storeys in building2
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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Disclaimer: This is not an offering for sale. Any such offering can only be made by way of disclosure statement. E&OE. The developer reserves the right to make changes and modifications to the information herein without prior notice. Photos and renderings are representational only and may not be accurate.