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    8424 Cypress Avenue

    Fontana, CA 92335
    • $5,875,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: IV21030873
    UPDATED: 22 min ago
    $5,875,000
    • 0
      BEDS
    • 1.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,450
      SQFT
    • $380
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2018
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T15:37:29.283. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/114240270
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    8424 Cypress Avenue Fontana, CA 92335

    • Price: $5,875,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: IV21030873
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.26
    Acres
    15,450
    SQFT
    $380
    $/SQFT
    2018
    Built
    Neighborhood:
    264 - Fontana
    County:
    San Bernardino
    Area:
    264 - Fontana
    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.
    Exterior Features

    Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 15 Parking Total 13 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common WallsNo One AboveNo One Below

    Property Features

    Additional Parcels YN No Common Interest Community Apartment Community Features CurbsGutter(S)Sidewalks Electric Expense 1800 Garage YN Yes Gross Income 345900 Gross Scheduled Income 345900 Insurance Expense 5400 Land Lease YN No Laundry Features Laundry Room Listing Agreement Seller Reserved Listing Service Full Service Listing Terms Submit Net Operating Income 239996 New Construction YN No New Taxes Expense 67764 Number Of Separate Gas Meters 15 Number Of Separate Water Meters 2 Number Of Units Leased 15 Operating Expense 105903 Other Expense 1020 Pest Control Expense 1020 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 28825 Trash Expense 8800 Water Sewer Expense 12300 Water Source Public

    Listing provided courtesy of Shareef Awad of Emaar Enterprise


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T15:37:29.283. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
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    617 Saxony Place #101
    Encinitas CA, 92024