16534 Arrow Blvd
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16534 Arrow Blvd
17 Unit Apartment Building $8,300,000 ($488,235/Unit) 4.76% Cap Rate Fontana, CA 92335
Executive Summary
New 2024 Construction!!!! Perfect Property to Upgrade to or for your 1031 Exchange, Beautiful Townhouse style 17- unit multifamily property.
Gated 3-bedroom 2.5-bath with its own 2-car garage. Modern interior design, 2 story with its own laundry room. 3 of the 17-unit have a full size
backyard. Beautiful decorative rock through the property to give a high-quality appearance. Each unit has a Master-Bedroom-Balcony to enjoy the
fresh air and relax. AC units, Kitchen Cabinets, Water-Heaters and Appliances are all new. Roof, plumbing and electrical won’t need to be replaced
for years to come. The property has RUBS for the Water to be billed to the tenants, and the general area’s light is off set by the solar panels.
Season Investors will recognize the Value once they walk the property. These are accurate numbers of income and expenses, not based on Pro
Forma, do to being 100% occupied and 10 months of expense operation.
Gated 3-bedroom 2.5-bath with its own 2-car garage. Modern interior design, 2 story with its own laundry room. 3 of the 17-unit have a full size
backyard. Beautiful decorative rock through the property to give a high-quality appearance. Each unit has a Master-Bedroom-Balcony to enjoy the
fresh air and relax. AC units, Kitchen Cabinets, Water-Heaters and Appliances are all new. Roof, plumbing and electrical won’t need to be replaced
for years to come. The property has RUBS for the Water to be billed to the tenants, and the general area’s light is off set by the solar panels.
Season Investors will recognize the Value once they walk the property. These are accurate numbers of income and expenses, not based on Pro
Forma, do to being 100% occupied and 10 months of expense operation.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$590,040
|
$26.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$17,701
|
$0.80
|
| Effective Gross Income |
$572,339
|
$25.92
|
| Taxes |
$103,750
|
$4.70
|
| Operating Expenses |
$73,150
|
$3.31
|
| Total Expenses |
$176,900
|
$8.01
|
| Net Operating Income |
$395,439
|
$17.91
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $590,040 |
| Annual Per SF | $26.72 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $17,701 |
| Annual Per SF | $0.80 |
| Effective Gross Income | |
|---|---|
| Annual | $572,339 |
| Annual Per SF | $25.92 |
| Taxes | |
|---|---|
| Annual | $103,750 |
| Annual Per SF | $4.70 |
| Operating Expenses | |
|---|---|
| Annual | $73,150 |
| Annual Per SF | $3.31 |
| Total Expenses | |
|---|---|
| Annual | $176,900 |
| Annual Per SF | $8.01 |
| Net Operating Income | |
|---|---|
| Annual | $395,439 |
| Annual Per SF | $17.91 |
Property Facts
| Price | $8,300,000 | Apartment Style | Townhome |
| Price Per Unit | $488,235 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.88 AC |
| Cap Rate | 4.76% | Building Size | 22,080 SF |
| Gross Rent Multiplier | 14.06 | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment |
| Price | $8,300,000 |
| Price Per Unit | $488,235 |
| Sale Type | Investment |
| Cap Rate | 4.76% |
| Gross Rent Multiplier | 14.06 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.88 AC |
| Building Size | 22,080 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 17 | $2,970 | 1,275 - 1,410 |
Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 0191-121-38 | Total Assessment | $6,030,200 |
| Land Assessment | $1,030,200 | Annual Taxes | $103,750 ($4.70/SF) |
| Improvements Assessment | $5,000,000 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0191-121-38
Land Assessment
$1,030,200
Improvements Assessment
$5,000,000
Total Assessment
$6,030,200
Annual Taxes
$103,750 ($4.70/SF)
Tax Year
2024
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16534 Arrow Blvd
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