For Sale
$1,200,000

8019 Alder AveFontana, CA 92336

New Construction Duplex, High Occupancy, Excellent ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • $1,200,000 asking price for a stabilized multifamily investment.
  • New construction duplex (2 units) in Fontana, CA.
  • 3,450 square feet total, with 100% occupancy.
  • $63,880 Net Operating Income (NOI) yielding a 5.32% cap rate.
  • $600,000 per unit price.
  • Features a desirable unit mix (one 4 bed/2.5 bath, one 3 bed/2 bath).

Property Details for 8019 Alder Ave

Property type
Apartment buildings
Square Feet
3,450 SF
Year Built
2023
Buildings
2
Stories
2
Units
2

Location Insight

City
Fontana
County
San Bernardino
State
California
Latitude
34.108233
Longitude
-117.4180922
8019 Alder Ave, Fontana, California

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8019 Alder Ave
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