Investment Overview

Seller Financing Available at 5% Interest Only - The property sits on a substantial parcel of 1.69 acres (73,660 square feet) that consists of two single-family residences, two duplexes, and three townhouse-style fourplexes for a total building area of 17,887 square feet. Built in 1955, 8421 Oleander Avenue is a three-bedroom/two-bathroom single-family house with an attached single-car garage and a spacious backyard with a built-in oven. Similarly, 8427 Oleander Avenue is a three-bedroom/two-bathroom single-family house with a single-car garage, gated front porch, private driveway, and private backyard with access to additional open parking spaces in the back. The two duplexes consist of all two-bedroom/one-bathroom floor plans with single-car garages, ample open parking spaces, and private backyards. The townhouse-style apartments are built in 2007 and consist of six two-bedroom/one-bathroom units, three two-bedroom/one and one-half-bathroom units, and three three-bedroom/one and one-half-bathroom units. These fourplexes feature pitched tile roofs, double car garages with direct access to units, private spacious backyards, central air conditioning and heating, and selected units have balconies. The community offers its residents a cabana in the spacious common area and an on-site laundry room. All units are individually metered for gas and electricity. The large parcel offers multiple opportunities for future developments and renovations. 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.