8244 Beech Avenue, Fontana, CA 92335

$3,199,000
List Price
$3,199,000
Status
ACTIVE
MLS#
CV22211280
Year Built
1989
Lot Size
49,000
Acres
1.12
Lot Location
Item610UnitsAcre
Days on Market
66
Property Type
Multifamily
Property Sub Type
Apartment
Stories
One Level

Property Description

SELLER FINANCING AVAILABLE. CONTACT LISTING AGENT. DRIVE BY ONLY. DO NOT DISTURB TENANTS. We are pleased to exclusively present a twelve-unit, single story multifamily investment property located in the City of Fontana, California. This offering presents qualified investors the opportunity to acquire a value-add asset in one of the most desirable rental markets in the Inland Empire. The subject property consists of expansive, two- and three- bedroom units ranging in size from 825 – 1,100 square feet of living space with improvements under current ownership that include: tile flooring, dual pane windows, kitchens, asphalt/slurry, and A/C. Units are individually metered for gas & electricity with individual water heaters and presents tenants with an on-site laundry room (machines leased). Located off Foothill Boulevard, the offering benefits from its convenient access to retail, entertainment, schools, medical offices, parks & freeways-- all within reach. Furthermore, proximity to Interstates 10, 15, and 210 freeways grants tenants access to surrounding employment hubs throughout the Inland Empire-- as well as Los Angeles & Orange County regions. The strong demand for rentals in the area is evidenced by its historical 100% occupancy as it caters to families & working professionals alike. With significant upside potential and growing demand for this submarket, the offering presents the astute investor the opportunity to acquire an appreciating, cash flowing asset with additional upside through proactive management to capture 51.98% upside in rents achievable at the property.

Additional Information

Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Central Air
View
Mountain(s), Neighborhood
Sewer
SepticTypeUnknown
Water
Public
Interior Features
AllBedroomsDown
Attached Structure
Attached
Number Of Units Total
12
Gross Scheduled Income
$199,829
Operating Expense
69680

Listing courtesy of Listing Agent: SEAN HWANGBO (seanhwangbo@outlook.com) from Listing Office: REALTY ONE GROUP WEST.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 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, 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.