8021 Mango Avenue, Fontana CA
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 by | LE INVESTMENT GROUP | ||
rennie last checked | May 06, 2025 at 07:38am | ||
Last updated | February 19, 2025 at 08:00am | ||
Cumulative days on market | 159 days | ||
Closed Date | January 27, 2025 | ||
Source | CRMLS |