8019 Alder AveFontana, CA 92336
- Apartment buildings
- 3,450 SF
Property Details for 8019 Alder Ave
- Year built
- 2023
- Property size (Sq ft)
- 3,450 SF
- Property type
- Apartment buildings
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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