$2,105,000
$2,550,000
17.5%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
3 Baths
0.73 Acres Lot
SOLD DATE : 10/01/2024
Key Details
Sold Price $2,105,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24113214
Sold Date 10/01/24
Bedrooms 7
HOA Y/N No
Lot Size 0.735 Acres
Property Description
This property is part of the nine (9) property Fontana Apartment Portfolio. The seller is willing to sell each property individually. Constructed in 1975, the apartment complex sits on a 0.73-acre parcel (32,000 square feet) and consists of three single-story buildings with a total building area of 8,842 square feet. The two-bedroom/one-bathroom single family residence in the front features a single-car garage, a fenced front yard, and a front porch. The back buildings offer seven two-bedroom/one-bathroom floor plans and two three-bedroom/one-bathroom floor plans. Each unit features a single-car garage, a wall-unit air conditioning, and a private back yard. All units share the on-site laundry room and are 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. For higher education, the Chaffey College Fontana Campus is within a five-minute drive from the subject properties. This public community college is served by a 50,000-square-foot campus offering general education courses, associate degrees for transfer, and courses that support the advancement of career. Additionally,
This property is part of the nine (9) property Fontana Apartment Portfolio. The seller is willing to sell each property individually. Constructed in 1975, the apartment complex sits on a 0.73-acre parcel (32,000 square feet) and consists of three single-story buildings with a total building area of 8,842 square feet. The two-bedroom/one-bathroom single family residence in the front features a single-car garage, a fenced front yard, and a front porch. The back buildings offer seven two-bedroom/one-bathroom floor plans and two three-bedroom/one-bathroom floor plans. Each unit features a single-car garage, a wall-unit air conditioning, and a private back yard. All units share the on-site laundry room and are 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. For higher education, the Chaffey College Fontana Campus is within a five-minute drive from the subject properties. This public community college is served by a 50,000-square-foot campus offering general education courses, associate degrees for transfer, and courses that support the advancement of career. 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 1
Others
Acceptable Financing Cash
Space Rent $1,124
Listing Terms Cash
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Bought with Douglas McCauley • MARCUS & MILLICHAP