$3,898,974

This property is part of the nine (9) property Fontana Apartment Portfolio. The seller is willing to sell each property individually. Constructed in 1988, the apartment complex sits on a rectangular 0.84-acre parcel (36,540 square feet) and consists of two buildings with a total of 15,480 square feet building area. The property features two one-bedroom/one-bathroom floor plans and eighteen two-bedroom/one-bathroom floor plans. The community offers nineteen single-car garages, approximately thirty open parking spaces, a storage/utility room, an on-site laundry room, and a community picnic area in-between two buildings. The first-floor units have private backyards, and the upstairs units have front porches/decks. All units offer central air conditioning and are individually metered for gas and electricity. 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.