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Sold for $10,850,000
  • Listing Provided by: LE INVESTMENT GROUP
    Bought with: LE INVESTMENT GROUP
    $10,850,000

    8021 Mango Ave, Fontana, CA 92336

    96beds
    96baths
    41,880sqft
    Multi Family
    Built in 1985
    -- sqft lot
    $10,785,000 Zestimate®
    $259/sqft
    $2,713 Estimated rent

    Home value

    $10,785,000

    $9.71M - $11.97M

    $2,713/mo

    Zestimate® history
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    $68,935/mo

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    What's special

    Private balconiesTwo-bedroom two-bathroom units
    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.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    ALBERT LE DRE #01468313 909-256-7889,

    LE INVESTMENT GROUP

    Bought with:

    ALBERT LE, DRE #01468313

    LE INVESTMENT GROUP

    Source: CRMLS,MLS#: IV24168540MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 96
    • Bathrooms: 96
    Appliances
    • Laundry: Common Area
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 41,880
    • Total interior livable area: 41,880 sqft

    Property

    Parking
    • Total spaces: 56
    • Parking features: Carport
    • Carport spaces: 56
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: Community
    Lot
    • Size: 2.43 Acres
    • Features: 26-30 Units/Acre
    Details
    • Parcel number: 0190241100000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1985

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Suburban, Pool
    Location
    • Region: Fontana

    Other

    Other facts
    • Listing terms: Submit

    Price history

    DateEventPrice
    1/27/2025Sold$10,850,000-13.2%$259/sqft
    Source: CRMLS #IV24168540 Report a problem
    11/5/2024Price change$12,500,000-3.8%$298/sqft
    Source: CRMLS #IV24168540 Report a problem
    8/15/2024Listed for sale$12,999,999$310/sqft
    Source: CRMLS #IV24168540 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92336

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $10,785,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $10,785,000