Investment Overview

Seller Financing Available at 5% Interest Only - 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. 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.