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Sold for $6,150,000
  • Listed by: CB RICHARD ELLIS • Eric Chen • Contact: 909-418-2071
    Bought with: CB RICHARD ELLIS
    $6,150,000

    9223 Cypress Ave, Fontana, CA 92335

    36beds
    34baths
    16,868sqft
    Multi Family
    Built in 2024
    -- sqft lot
    $-- Zestimate®
    $365/sqft
    $2,483 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,483/mo

    Zestimate® history
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    What's special

    Modern newly constructed residencesPicnic areaBeautiful garden courtyardPrivate patios or balconiesContemporary kitchensHigh-end finishesIn-unit laundry
    We are pleased to present the unique opportunity to acquire 9223 Cypress Ave, strategically located in Fontana, California. This brand-new 14-unit townhome development offers investors the chance to capitalize on the strong demand for high-quality housing in the Inland Empire while generating stable and attractive returns at a 5.05% CAP rate. The development is situated on ±38,160 square feet of land, with a total building area of ±21,866 square feet. Conveniently located near major highways, retail centers, and employment hubs, the property provides easy access to Interstate 10, Interstate 15, and State Route 210, ensuring seamless connectivity throughout the Inland Empire and Greater Los Angeles region. 9223 Cypress Ave comprises 14 townhome-style units with a mix of 2-bedroom/1.5-bathroom and 3-bedroom/2.5-bathroom floor plans. The modern, newly constructed residences feature high-end finishes, open-concept living areas, and private garages. Each unit is thoughtfully designed to include spacious layouts, contemporary kitchens, and in-unit laundry. Select units offer private patios or balconies, enhancing the overall living experience. Additionally, the community’s common area features include, a beautiful garden courtyard and picnic area for tenant enjoyment. Fontana is a thriving and rapidly growing city, known for its strong rental market, employment opportunities, and excellent access to transportation. The property benefits from its proximity to major retail centers, dining, parks, and recreational amenities, as well as key employment hubs such as the Inland Empire Logistics Centers and Kaiser Permanente Fontana Medical Center. The Fontana area’s demand for quality rental housing, combined with the property’s high quality construction and prime location, makes 9223 Cypress Ave an exceptional investment opportunity. This offering presents a rare chance to acquire a newly built, income-producing asset in one of Southern California’s most dynamic rental markets. Whether for a first-time purchaser, seasoned investor, or 1031 exchange buyer, 9223 Cypress Ave provides long-term stability and growth potential in an area with strong economic and demographic fundamentals.

    Zillow last checked:

    Listing updated:

    Listed by:

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with:

    Eric Chen, DRE #01489184

    CB RICHARD ELLIS

    Source: CRMLS,MLS#: CV25056074MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 36
    • Bathrooms: 34
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 16,868
    • Total interior livable area: 16,868 sqft

    Property

    Parking
    • Total spaces: 20
    • Parking features: Garage
    • Garage spaces: 16
    • Uncovered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    Lot
    • Size: 0.88 Acres
    • Features: 11-15 Units/Acre
    Details
    • Parcel number: 0193101630000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 2024

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Sidewalks
    Location
    • Region: Fontana

    Financial & listing details

    • Price per square foot: $365/sqft
    • Tax assessed value: $200,960
    • Annual tax amount: $3,048
    • Date on market: 3/13/2025
    • Cumulative days on market: 160 days
    • Listing terms: Cash,Cash to New Loan
    • Total actual rent: 487200

    Price history

    DateEventPrice
    5/30/2025Sold$6,150,000-6.8%$365/sqft
    Source: CRMLS #CV25056074 Report a problem
    4/10/2025Pending sale$6,600,000$391/sqft
    Source: CRMLS #CV25056074 Report a problem
    3/14/2025Listed for sale$6,600,000+3284.6%$391/sqft
    Source: CRMLS #CV25056074 Report a problem
    7/16/2024Listing removed--
    Source: Zillow Rentals Report a problem
    6/26/2024Listed for rent$2,700
    Source: Zillow Rentals Report a problem
    11/12/2019Sold$195,000-11%$12/sqft
    Source: CRMLS #IV19093548 Report a problem
    6/12/2019Price change$219,000-4.4%$13/sqft
    Source: ALEJANDRO SOTO BROKER #IV19093548 Report a problem
    5/25/2019Price change$229,000-5.4%$14/sqft
    Source: ALEJANDRO SOTO BROKER #IV19093548 Report a problem
    5/9/2019Price change$242,000-0.8%$14/sqft
    Source: ALEJANDRO SOTO BROKER #IV19093548 Report a problem
    4/24/2019Listed for sale$244,000$14/sqft
    Source: ALEJANDRO SOTO BROKER #IV19093548 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2022$3,048 +36.5%$200,960 +2%
    2021$2,234 +5.4%$197,020 +1%
    2020$2,118 -0.8%$195,000 -2%
    2019$2,136 -55.2%$198,900 +2%
    2018$4,766 +1808.3%$195,000 +809.6%
    2017$250 $21,438 +2%
    2016$250 +1.7%$21,018 +1.5%
    2015$246 -68.2%$20,702 +2%
    2014$773 $20,296 +16%
    2004-- $17,500
    Find assessor info on the county website

    Neighborhood: 92335

    Nearby schools

    GreatSchools rating