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8021 Mango Avenue

Fontana, CA 92336

– beds
– baths
– sqft
~2 acre lot
1985 build
– on site

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.

Listed By CRMLS_CA / ALBERT LE / LE INVESTMENT GROUP / 909-256-7889

Last checked: Checking… • Last updated Nov 7, 2024 •

MLS# IV24168540 —

The Building

Year Built:

1985
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

41880.00
Building Area Units:

Square Feet
# of Buildings:

7
Total Number Of Units:

56
Stories Total:

2
# of Separate Gas Meters:

56
# of Separate Water Meters:

1
# of Separate Electric Meters:

56

Interior

Levels:

Two
Entry Location:

1
Fireplace:

No
Fireplace:

None
Laundry:

Common Area
Laundry:

1

Location

Directions:

8021 Mango Ave, Fontana, CA 92336
Latitude:

34.10801900
Longitude:

-117.43086400

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

26-30 Units/Acre
Lot Size Area:

2.4300
Lot Size Acres:

2.4300
Lot Size SqFt:

105850.80
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

L
Tax Census Tract:

29.01
Tax Tract:

29
Tax Lot:

52O

The Listing

Special Listing Conditions:

Standard
Parcel Number:

0190241100000

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Suburban
Pool:

Community
Private Pool:

No

Parking

Parking Spaces:

56.00
Carport Spaces:

56.00

Explore the Area

My Commute

From

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Provided by WalkScore® Inc.

Bike Score®

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Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/5/24 Nov 5, 2024	Price Changed	CRMLS_CA	$12,500,000	-3.8%
8/14/24 Aug 14, 2024	Listed / Active	CRMLS_CA	$12,999,999

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This multifamily located in Fontana, CA 92336 is currently for sale for $12,500,000. 8021 Mango Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 92 days. This multifamily is in the attendance area of Fontana A. B. Miller High School and North Tamarind Elementary School.

Listing Courtesy of: CRMLS_CA and LE INVESTMENT GROUP. Based on information from California Regional Multiple Listing Service, Inc. as of 22:03 on Nov 14.

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.