fbpx

9 am to 6 pm

Monday to Friday

790 Ferrari Ln

Ontario, CA 91764

1 909 294 2593

kris@theapartmentdealer.com

Price Range: From to

Compare Listings

21 Units in Fontana

9249 Cypress Ave, Fontana, CA 92335, USA
Sold for$3,390,000$161,429/Per Unit

Description

Transaction Details

  • Kris Sold the Property for $250,000 More Than Any Other Real Estate Firm Proposed to the Owner
  • Represented Both Buyer and Seller
  • Record-Breaking Price for the Market Area
  • Huge Upside in Rental Income!

Property Description

  • First Time on Market in Over 20 Years!
  • 21 Spacious 2-Bed Units Built in 1988
  • Unit Mix
    • 1 (Mgr Quarters) Oversized 2-Bed/2-Bath Unit + Den
    • 20 Large 2-Bed/1-Bath Units
  • Tenants Enjoy Private Patios/Balconies, Central A/C & Heat and Onsite Laundry Facility
  • Gate & Secured Entry, Covered Carport & Open Space Parking (2 Spaces Per Unit)
  • Individual Washer/Dryer Hookup in Each Unit
  • Newer Roof & Brand-New Asphalt Throughout Property
  • In Proximity to Schools, Transportation & Shopping
  • Proforma GRM: 10.60, Cap Rate: 6.21%
  • Well-Maintained Asset-Substantial Upside in Rental Income
  • Address: 9249 Cypress Ave
  • City: Fontana
  • State/county: California
  • Zip/Postal Code: 91754
  • Country: United States

Detail

Updated on April 17, 2018 at 3:13 pm

  • Price: Sold for $3,390,000
  • Property Size: 1768 SqFt
  • Land Area: 7197 SqFt
  • Year Built: 1948
  • Property Type: Multi Family
  • Property Status: Closed Listing, Sold

Additional details

  • # of Units: 21
  • Unit Mix: 1 (2+2), 20 (2+1)
  • Zoning: R3
  • Cap Rate: 4.77%
  • GRM: 12.63
  • We Represented: Seller/Buyer
  • Close of Escrow: 10/31/17

Video

WalkScore

walkscore59 / Somewhat Walkable more details here

Contact info

Deepen Shah
Deepen Shah
(909) 294-2603(909) 568-5200
Kristopher German
Kristopher German
(909) 294-2593(909) 645-0443
Facebook

Inquire about this property

Do You Own Multi-Family Properties?
NoYes

Are You an Agent?
NoYes

15585

BE SURE WE HAVE YOUR EMAIL

Get All of Our Latest Listings and Educational Emails

15856