$2,820,000
$3,500,000
19.4%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
0.61 Acres Lot
SOLD DATE : 08/30/2024
Key Details
Sold Price $2,820,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24113115
Sold Date 08/30/24
Bedrooms 2
HOA Y/N No
Lot Size 0.606 Acres
Property Description
SELLER FINANCING AVAILABLE - This property is part of the nine (9) property Fontana Apartment Portfolio. The seller is willing to sell each property individually. Constructed in 1978, the apartment complex is located on a rectangular 0.61-acre parcel (26,400 square feet) and has a building area of 11,628 square feet. The property consists of fourteen two-bedroom/one-bathroom floor plans (approximately 830 square feet per unit) and features fourteen carport parking spaces, ample open parking spaces with a long driveway, an on-site laundry facility, and open space in the back for possible ADUs or other future developments. Each unit offers wall-unit air conditioning and is individually metered for gas and electricity. The properties are conveniently located just south of Foothill Blvd, more commonly known as Historic Route 66, and approximately two miles away from I-10 Freeway, providing residents with easy access to cities in Los Angeles and Palm Springs. With an average daily traffic count of over 55,000, Foothill Blvd offers residents with multiple dining and shopping options, including Cardenas Markets, Walgreens, Superior Grocers, El Super, Stater Bros. Markets, and Smart & Final within two-mile radius of the properties. Additionally, majority of the properties are within walkable distance to the Downtown Fontana Core Districts that are bound by Foothill Blvd on the north, Randall Avenue on the south, Juniper Avenue on the west, and Mango Avenue on the east. Downtown Fontana is envisioned as a vibrant, active, family-friendly hub for shopping, dining, and socializing.
SELLER FINANCING AVAILABLE - This property is part of the nine (9) property Fontana Apartment Portfolio. The seller is willing to sell each property individually. Constructed in 1978, the apartment complex is located on a rectangular 0.61-acre parcel (26,400 square feet) and has a building area of 11,628 square feet. The property consists of fourteen two-bedroom/one-bathroom floor plans (approximately 830 square feet per unit) and features fourteen carport parking spaces, ample open parking spaces with a long driveway, an on-site laundry facility, and open space in the back for possible ADUs or other future developments. Each unit offers wall-unit air conditioning and is individually metered for gas and electricity. The properties are conveniently located just south of Foothill Blvd, more commonly known as Historic Route 66, and approximately two miles away from I-10 Freeway, providing residents with easy access to cities in Los Angeles and Palm Springs. With an average daily traffic count of over 55,000, Foothill Blvd offers residents with multiple dining and shopping options, including Cardenas Markets, Walgreens, Superior Grocers, El Super, Stater Bros. Markets, and Smart & Final within two-mile radius of the properties. Additionally, majority of the properties are within walkable distance to the Downtown Fontana Core Districts that are bound by Foothill Blvd on the north, Randall Avenue on the south, Juniper Avenue on the west, and Mango Avenue on the east. Downtown Fontana is envisioned as a vibrant, active, family-friendly hub for shopping, dining, and socializing.
Location
State CA
County San Bernardino
Area Fontana (92335)
Zoning Other
Building
Lot Description Sidewalks
Story 2
Others
Acceptable Financing Cash
Space Rent $1,025
Listing Terms Cash
Financing Cash
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Bought with Douglas McCauley • MARCUS & MILLICHAP