Fontana, CA 92335,9281 Pepper AVE
Fontana, CA 92335,9281 Pepper AVE
Fontana, CA 92335,9281 Pepper AVE
Fontana, CA 92335,9281 Pepper AVE
Fontana, CA 92335,9281 Pepper AVE
Fontana, CA 92335,9281 Pepper AVE
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$1,825,000

Est.Price: ?

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Est. payment /mo

0.36 Acres Lot


SOLD DATE : 10/13/2023

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW23120918

Sold Date 10/13/23

HOA Y/N No

Year Built 1978

Lot Size 0.362 Acres

Property Sub-Type Apartment

Property Description

Pleased to exclusively present the Pepper Tree Apartments, an 8-unit, multi family investment property located in the City of Fontana, California. This offering presents qualified investors the opportunity to acquire a well maintained asset in one of the most desirable rental markets in the Inland Empire. The subject property is comprised exclusively of two bedroom units averaging736 square feet of living space. Units are individually metered for electricity with a central water heater and presents tenants with an on-site laundry room. Carport parking is available for all tenants along with extra open spaces that could translate to an additional income stream. Located off Randall Ave, the offering benefits from its convenient access to retail, entertainment, schools, medical offices, parks & freeways--all within reach. Furthermore, proximity to Interstates 10, 15, and 210 freeways grants tenants access to surrounding employment hubs throughout the Inland Empire as well as Los Angeles & Orange County regions. With significant upside potential and growing demand for this submarket, the offering presents the astute investor the opportunity to acquire a cash flowing asset with additional upside through proactive management to capture projected 44% upside in rents.

Location

State CA

County San Bernardino

Area 264 - Fontana

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 8

Pool None

Community Features Gutter(s), Sidewalks

Total Parking Spaces 12

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 0193121450000

Energy Description 4713.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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CRMLS – RECore
Listed by Rick Applebaum Morgan Skenderian
Bought with ERIC CHEN CB RICHARD ELLIS
John Herkenrath

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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