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$12,500,000
132 Days On Site

8021 Mango Avenue
Fontana, CA 92336

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
41,880
SqFt
$298
/SqFt
1985
Built
County:
San Bernardino
Listed by ALBERT LE of LE INVESTMENT GROUP [email protected]

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8021 Mango Avenue8021 Mango Avenue8021 Mango Avenue8021 Mango Avenue
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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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Listing Snapshot
Price 
$12,500,000
Days On Site 
132 Days
Bedrooms 
N/A
Inside Area (SqFt) 
41,880 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.43 Acres
Year Built 
1985
MLS® Number 
IV24168540
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoPrice changed to $12,500,000
2 months agoListing updated with changes from the MLS®
4 months agoStatus changed to Active
4 months agoListing first seen on site
General Features
Acres 
2.43
Carport 
56
Number Of Stories 
2
Parking Spaces 
56
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
41880
Stories 
Two
Water Source 
Public
Interior Features
Fireplace Features 
None
Laundry Features 
Common Area
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Exterior Features
Pool Features 
Community
Community Features
Building Access 
1
Community Features 
PoolSuburban
Financing Terms Available 
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MLS Area 
264 - Fontana


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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