$6,150,000
$6,600,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
7 Baths
SOLD DATE : 05/30/2025
Key Details
Sold Price $6,150,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV25056074
Sold Date 05/30/25
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present the unique opportunity to acquire 9223 Cypress Ave, strategically located in Fontana, California. This brand-new 14-unit townhome development offers investors the chance to capitalize on the strong demand for high-quality housing in the Inland Empire while generating stable and attractive returns at a 5.05% CAP rate. The development is situated on 38,160 square feet of land, with a total building area of 21,866 square feet. Conveniently located near major highways, retail centers, and employment hubs, the property provides easy access to Interstate 10, Interstate 15, and State Route 210, ensuring seamless connectivity throughout the Inland Empire and Greater Los Angeles region. 9223 Cypress Ave comprises 14 townhome-style units with a mix of 2-bedroom/1.5-bathroom and 3-bedroom/2.5-bathroom floor plans. The modern, newly constructed residences feature high-end finishes, open-concept living areas, and private garages. Each unit is thoughtfully designed to include spacious layouts, contemporary kitchens, and in-unit laundry. Select units offer private patios or balconies, enhancing the overall living experience. Additionally, the communitys common area features include, a beautiful garden courtyard and picnic area for tenant enjoyment. Fontana is a thriving and rapidly growing city, known for its strong rental market, employment opportunities, and excellent access to transportation. The property benefits from its proximity to major retail centers, dining, parks, and recreational amenities, as well as key employment hubs such as the Inland Empire Logi
Location
State CA
County San Bernardino
Zoning Assessor
Direction Continue straight onto CA-60 W, Take exit 48 for Valley Way, Continue onto Armstrong Rd, Use the left 2 lanes to turn left onto
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 0193101630000
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Bought with Eric Chen CB RICHARD ELLIS