8969 Newport Ave
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8969 Newport Ave
24 Unit Apartment Building $8,500,000 ($354,167/Unit) 4.96% Cap Rate Fontana, CA 92335
Investment Highlights
- New construction
- Washer and dryer hook ups in each unit
- Individual patios and balconies
- Lower price per square foot
- Tankless water heaters
Executive Summary
New construction. These 24 units are spacious apartments with in-unit washer and dryer hook ups. Each unit has a private balcony or patio. Each unit has their own efficient tankless water heaters. New dining, retail growth and developments continue in the city of Fontana making it a great city to invest in the Inland Empire. Please inquire about tours and other available properties.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $8,500,000 | Apartment Style | Garden |
| Price Per Unit | $354,167 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.73 AC |
| Cap Rate | 4.96% | Construction Status | Under Construction |
| Gross Rent Multiplier | 12.83 | Building Size | 31,000 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment |
| Price | $8,500,000 |
| Price Per Unit | $354,167 |
| Sale Type | Investment |
| Cap Rate | 4.96% |
| Gross Rent Multiplier | 12.83 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.73 AC |
| Construction Status | Under Construction |
| Building Size | 31,000 SF |
| No. Stories | 3 |
| Year Built | 2024 |
Unit Amenities
- Balcony
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Vaulted Ceiling
- Stainless Steel Appliances
- Double Pane Windows
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $2,725 | 1,250 |
| 2+2 | 15 | $2,425 | 1,050 |
| 1+1 | 6 | $2,000 | 900 |
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Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 0194-012-02 | Total Assessment | $676,260 |
| Land Assessment | $676,260 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0194-012-02
Land Assessment
$676,260
Improvements Assessment
$0
Total Assessment
$676,260
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | R-3 (High Density) |
| R-3 (High Density) |
-
Ken Ishiki -
Lyon Stahl Investment Real Estate
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8969 Newport Ave
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