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$2,115,000
Est. payment /mo
3 Beds
0.5 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID CV25252493
Bedrooms 3
Lot Size 0.496 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
The Tamarind Avenue Apartments are located at 8582 Tamarind Avenue in Fontana, California. Built in 1985, the property sits on approximately 0.50 acres and offers 7,548 rentable square feet. The unit mix features a majority two-bedroom units along with one-bedroom layouts, appealing to a broad tenant base. Amenities include on-site parking with 13 covered carports and 4 open spaces (approximately 1.9 spaces per unit), a shared laundry room, and select units with private balconies. The property demonstrates strong in-place financials, with additional upside through continued rent growth as several units remain below market levels. The new owner will also benefit from recent improvements, including all HVAC condensers replaced within the past five years and upgraded water lines for the two-bedroom units completed approximately three years ago. Situated in Fontana, one of the fastest-growing cities in the Inland Empire, the asset benefits from steady rental demand fueled by the regions expansive logistics and warehousing industry. Nearby employment hubs include Amazon fulfillment centers, Kaiser Permanente Medical Center, Ontario International Airport, and major distribution centers for UPS, FedEx, and Walmart. The location also offers excellent accessibility to I-10, I-15, and CA-210 freeways, reinforcing tenant demand and long term market stability. Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property. For Further Information, Please Contact the Listing Agents.
Location
State CA
County San Bernardino
Zoning Public Rec
Direction Tamarind Ave and Arrow Blvd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 0192221180000
Acceptable Financing Cash
Listing Terms Cash
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Listed by Kevin Struve MARCUS & MILLICHAP