Fontana, CA 92335,8421 Oleander Avenue
Fontana, CA 92335,8421 Oleander Avenue
Fontana, CA 92335,8421 Oleander Avenue
11
$5,000,000
$5,900,000
15.3%
Est.Price: ?

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9 BD
6 BA
1.69 Acres Lot

8421 Oleander Avenue Fontana, CA 92335

Est. payment /mo
SOLD DATE : 10/30/2024

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Key Details

Sold Price $5,000,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24113295

Sold Date 10/30/24

Bedrooms 9

HOA Y/N No

Lot Size 1.691 Acres

Property Description

This property is part of the nine (9) property Fontana Apartment Portfolio. The seller is willing to sell each property individually. The property sits on a substantial parcel of 1.69 acres (73,660 square feet) that consists of two single-family residences, two duplexes, and three townhouse-style fourplexes for a total building area of 17,887 square feet. Twelve units were constructed in 2007, consisting of six two-bedroom/one-bathroom units, three two-bedroom/one and one-half-bathroom units, and three three-bedroom/one and one-half-bathroom units. These units feature pitched tile roofs, double car garages with direct access to units, private spacious backyards, central air conditioning and heating, and selected units have balconies. Six units were constructed in 1955, consisting of two three-bedroom/two-bathroom single-family residences and four two-bedroom/one-bathroom floor plans. 8421 Oleander Avenue is a single-family house with an attached single-car garage and a spacious backyard with a built-in oven. Similarly, 8427 Oleander Avenue is a single-family house with a single-car garage, gated front porch, private driveway, and private backyard with access to additional open parking spaces in the back. The two duplexes feature single-car garages, ample open parking spaces, and private backyards. The community offers its residents a cabana in the spacious common area and an on-site laundry room. All units are individually metered for gas and electricity. The large parcel offers possible opportunities for future development or ADUs. The properties are conveniently located j
This property is part of the nine (9) property Fontana Apartment Portfolio. The seller is willing to sell each property individually. The property sits on a substantial parcel of 1.69 acres (73,660 square feet) that consists of two single-family residences, two duplexes, and three townhouse-style fourplexes for a total building area of 17,887 square feet. Twelve units were constructed in 2007, consisting of six two-bedroom/one-bathroom units, three two-bedroom/one and one-half-bathroom units, and three three-bedroom/one and one-half-bathroom units. These units feature pitched tile roofs, double car garages with direct access to units, private spacious backyards, central air conditioning and heating, and selected units have balconies. Six units were constructed in 1955, consisting of two three-bedroom/two-bathroom single-family residences and four two-bedroom/one-bathroom floor plans. 8421 Oleander Avenue is a single-family house with an attached single-car garage and a spacious backyard with a built-in oven. Similarly, 8427 Oleander Avenue is a single-family house with a single-car garage, gated front porch, private driveway, and private backyard with access to additional open parking spaces in the back. The two duplexes feature single-car garages, ample open parking spaces, and private backyards. The community offers its residents a cabana in the spacious common area and an on-site laundry room. All units are individually metered for gas and electricity. The large parcel offers possible opportunities for future development or ADUs. 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. 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.

Location

State CA

County San Bernardino

Area Fontana (92335)

Zoning Other

Building

Lot Description Sidewalks

Story 2

Others

Acceptable Financing Cash

Space Rent $969

Listing Terms Cash

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San Diego Regional MLS (SDMLS)
Listed by MARCUS & MILLICHAP
Bought with MARCUS & MILLICHAP

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Lindsay Shuman

Realtor | License ID: 01960302

+1(619) 339-1195

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