We are pleased to exclusively present the Casa Linda Apartments. The subject property is situated in the city of Fontana, California. Built in 1990, this two-story building consists of 11 spacious townhouse units offering 100 percent three-bedroom/two-bath units with an average of 1,140 square feet. The building has pitched roofs, 11 single-car garages with assigned and visitor parking. The complex is enclosed by a security gate and includes an on-site laundry facility. All units are individually metered for gas and electricity with separate water heaters. An estimated $30,000 in renovations were completed in 2013 and 2014 including new paint, carpet and hardwood flooring, tile, central air, heat, kitchen appliances and bathrooms. Each unit offers a fire sprinkler system, enclosed back patio, dishwasher, stove, a walk in closet and vaulted ceilings. Six of the 11 units are currently paying below market rents at $1,180-1,300. The property's newer construction and recent upgrades provide a new owner the opportunity to increase rents and add value. This offering is an ideal investment for an investor pursuing a newer construction, low maintenance property in the West Inland Empire with a stable cash flow. Brokered And Advertised By: MARCUS & MILLICHAP Listing Agent: EDWARD PAN
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