Address
8424 Cypress Avenue Fontana, CA
Price
$ 5,875,000
Property Attributes
  • MLS#IV21030873
  • TypeIncome
  • CountySAN BERNARDINO
  • CityFontana
  • AreaFontana
  • Zip92335
  • Style
  • Price$ 5,875,000
  • Bedrooms15
  • Full Bathrooms15
  • Half Bathrooms0
  • Lot Size1.26 Acres
Listing Provided Courtesy Of:
SHAREEF AWAD with EMAAR ENTERPRISE.
Data Source:
CRMLS
Property Description

Excellent investment opportunity, 3 years old apartment complex contains 15 units with steady income and fix expenses since it was built and completed on December 2018, Hard to find similar income property in the market, it is located in an area with high rental demand and has been 100% leased since it was built with zero vacancy factor, a state of the art complex with a lot of upgrades included, easy to manage, potential for higher income every year.

Price History
2/15/2021 Listed $5,999,950
3/27/2021 3% - $5,875,000

General Features

Community Features Curbs, Gutter(s), Sidewalks
Garage Spaces 30
Garage Y/N Yes
Listing Agent SHAREEF AWAD - BRE#01849030
Listing Agent State License 01849030
MLS Area 264 - Fontana
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Terms Submit
Total Actual Rent 28825
Total Units 15
Water Sewer Expense 12300

Interior Features

Common Walls 2+ Common Walls, No One Above, No One Below
Laundry Features Laundry Room

Exterior Features

Lot Features 11-15 Units/Acre
Lot Size Acres 1.26
Lot Size Area 54739
Lot Size Source Builder
Lot Size Square Feet 54739
Lot Size Units Square Feet
Number of Buildings 3
Number of Separate Electric Meters 15
Number of Separate Gas Meters 15
Number of Separate Water Meters 2
Total Parking 13
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92335

Price
AVG $920K
$5.88M
Visits
AVG 30
44
Year Built
AVG 1974
2018
Walkscore
AVG 55
70
Data Provided by Walkscore ® not using MLS data

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