PRICE REDUCED Mango Tree Apartments | 8021 Mango Ave
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PRICE REDUCED Mango Tree Apartments 8021 Mango Ave
56 Unit Block of Flats £9,965,000 (£177,946/Unit) 6.25% Net Initial Yield Fontana, CA 92336
Investment Highlights
- ProForma Rents will be achieved with new lease ups.
- First Time To The Market in 30+ Years /The property was constructed in 1985 & is positioned on a large 2.43 Acre Lot.
- Excellent Unit Mix of 70% 2-Bedroom, 2- Bathroom Units (40), & 30% 1-Bedroom, 1- Bathroom Units (16).
- Rents for subject property are approximately 40% under market per recent rental survey conducted.
- True value-add opportunity by replacing current below market rents & continuing unit renovations. / 6.25% ProForma Cap Rate
- The property features complete fencing with controlled gated access and covered onsite parking. / Onsite Laundry & Fenced Pool
Executive Summary
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.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £9,965,000 | Apartment Style | Garden |
| Price Per Unit | £177,946 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.43 AC |
| Net Initial Yield | 6.25% | Building Size | 54,698 SF |
| Gross Rent Multiplier | 10.11 | Average Occupancy | 100% |
| No. Units | 56 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 1.76/1,000 SF |
| Price | £9,965,000 |
| Price Per Unit | £177,946 |
| Sale Type | Investment |
| Net Initial Yield | 6.25% |
| Gross Rent Multiplier | 10.11 |
| No. Units | 56 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.43 AC |
| Building Size | 54,698 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.76/1,000 SF |
Unit Amenities
- Balcony
- Heating
- Kitchen
- Tub/Shower
- Patio
Site Amenities
- Laundry Facilities
- Pool
- Property Manager on Site
- Smoke Free
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 16 | £1,355 | 600 |
| 2+2 | 40 | £1,475 | 800 |
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Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 0190-241-10 | Total Assessment | £3,644,789 |
| Land Assessment | £462,015 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £3,182,774 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0190-241-10
Land Assessment
£462,015
Improvements Assessment
£3,182,774
Total Assessment
£3,644,789
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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PRICE REDUCED Mango Tree Apartments | 8021 Mango Ave
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