8019 Alder AveFontana, CA 92336

Property Details for 8019 Alder Ave

Year built

2023

Property size (Sq ft)

3,450 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional two-unit apartment building, newly constructed in 2023, presents a rare investment opportunity in the high-demand Fontana, CA market. Boasting a total of 3,450 square feet across two stories, the property features a desirable unit mix: one 4-bedroom, 2.5-bathroom unit and one 3-bedroom, 2-bathroom unit. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $63,880, translating to a compelling 5.32% capitalization rate. The asking price is $1,200,000, or $600,000 per unit, representing a strong price per square foot of $347.83. Situated on a 6,025 square foot lot at 8019 Alder Ave, Fontana, CA 92336 (APN: 0243-101-32-0000), this property benefits from the inclusion of self-owned solar panels, significantly reducing operating costs. This stabilized investment offers a secure and profitable venture in a thriving market with limited new construction inventory. The property's strong cash flow and attractive features make it an ideal addition to any investment portfolio.

Location Insight

City

Fontana

County

San Bernardino

State

California

Latitude

34.1082

Longitude

-117.418

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