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Multifamily

SELLER FINANCING

16405 Valencia Ave, Fontana, CA 92335

Listing Price: $5,000,000

Cap Rate
2.80%
Number of Units
20
GRM
10.66
Occupancy
100.0%
Price/Unit
$250,000

Investment Overview

Seller Financing Available at 5% Interest Only - Constructed in 1988, the apartment complex is located on a rectangular 0.83-acre parcel (36,400 square feet) and has a building area of 14,056 square feet. The property consists of four one-bedroom/one-bathroom floor plans and sixteen two-bedroom/one-bathroom floor plans. The apartment features twenty single-car garages/storage rooms, twenty open parking spaces, an on-site laundry facility, a community courtyard with lounge chairs and barbeque grill, and well-maintained landscaping. Each unit offers central air conditioning and a deck/patio. All units are individually metered for gas and electricity.

This property is part of a nine (9) property Fontana Apartment Portfolio. The seller is willing to sell each property individually or the entire portfolio as a whole. 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. Beyond the retail, restaurants, and residential options within the districts, the city of Fontana aims to create a comfortable and safe pedestrian-oriented destination for residents, local businesses, and tourists. With Fontana Metrolink and Transit Station as the center, the Downtown Districts include Civic Core, Sierra Core, Gateway Core, Mixed-Use Core, Multi-Family Core, and Neighborhood Core. These districts aim to encourage the development of higher-intensity residential and mixed-use developments to enliven the downtown and support existing and new businesses.

The city of Fontana has experienced significant economic growth over the past decade, transforming from a primarily agricultural area into a thriving industrial and commercial hub. This can be attributed to its strategic location, diverse economy, robust infrastructure, and business-friendly environment. As the premier industrial development in the Inland Empire, the Speedway Commerce Center features a 6.5 million square feet (MSF) state-of-the-art Class A campus and is poised to capture the ideal labor force. Phase I, which has two buildings totaling approximately 1.8 MSF broke ground in Summer 2023. Phase 2 offers BTS opportunities from 900,000 SF to over 3 MSF and breaks ground in 2Q 2024. Lastly, Phase 3 will include an additional 1.5 MSF. This development is located at the intersection of I-15 and I-10, connecting Southern California to the ports and the rest of the country.

Investment Highlights

  • SELLER FINANCING AVAILABLE | Over 80% Rental Upside
  • Majority Two-Bedroom Floor Plan | 1988 Construction
  • On-Site Laundry & Community Courtyard
  • Single-Car Garages & Ample Open Parking
  • Central Air Conditioning
  • Possible ADUs
  • Individually Metered for Gas & Electricity
  • This property is part of a nine (9) property Fontana Apartment Portfolio. The seller is willing to sell each property individually or the entire portfolio as a whole.

Exclusively Listed By

Multifamily

SELLER FINANCING

Listing Price: $5,000,000

Cap Rate
2.80%
Number of Units
20
GRM
10.66
Occupancy
100.0%
Price/Unit
$250,000

Investment Highlights

  • SELLER FINANCING AVAILABLE | Over 80% Rental Upside
  • Majority Two-Bedroom Floor Plan | 1988 Construction
  • On-Site Laundry & Community Courtyard
  • Single-Car Garages & Ample Open Parking
  • Central Air Conditioning
  • Possible ADUs
  • Individually Metered for Gas & Electricity
  • This property is part of a nine (9) property Fontana Apartment Portfolio. The seller is willing to sell each property individually or the entire portfolio as a whole.

Investment Overview

Seller Financing Available at 5% Interest Only - Constructed in 1988, the apartment complex is located on a rectangular 0.83-acre parcel (36,400 square feet) and has a building area of 14,056 square feet. The property consists of four one-bedroom/one-bathroom floor plans and sixteen two-bedroom/one-bathroom floor plans. The apartment features twenty single-car garages/storage rooms, twenty open parking spaces, an on-site laundry facility, a community courtyard with lounge chairs and barbeque grill, and well-maintained landscaping. Each unit offers central air conditioning and a deck/patio. All units are individually metered for gas and electricity. This property is part of a nine (9) property Fontana Apartment Portfolio. The seller is willing to sell each property individually or the entire portfolio as a whole. 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. Beyond the retail, restaurants, and residential options within the districts, the city of Fontana aims to create a comfortable and safe pedestrian-oriented destination for residents, local businesses, and tourists. With Fontana Metrolink and Transit Station as the center, the Downtown Districts include Civic Core, Sierra Core, Gateway Core, Mixed-Use Core, Multi-Family Core, and Neighborhood Core. These districts aim to encourage the development of higher-intensity residential and mixed-use developments to enliven the downtown and support existing and new businesses. The city of Fontana has experienced significant economic growth over the past decade, transforming from a primarily agricultural area into a thriving industrial and commercial hub. This can be attributed to its strategic location, diverse economy, robust infrastructure, and business-friendly environment. As the premier industrial development in the Inland Empire, the Speedway Commerce Center features a 6.5 million square feet (MSF) state-of-the-art Class A campus and is poised to capture the ideal labor force. Phase I, which has two buildings totaling approximately 1.8 MSF broke ground in Summer 2023. Phase 2 offers BTS opportunities from 900,000 SF to over 3 MSF and breaks ground in 2Q 2024. Lastly, Phase 3 will include an additional 1.5 MSF. This development is located at the intersection of I-15 and I-10, connecting Southern California to the ports and the rest of the country.

Exclusively Listed By

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