$12,500,000 - 8021 Mango Avenue, Fontana

  • 3Beds
  • 3Baths
  • 2.43Acres

Fontana Home Sale

True value-add opportunity by replacing current below market rents & continuing unit renovations. / 6.25% ProForma Cap Rate / ProForma Rents will be achieved with new lease ups. / Rents for subject property are approximately 40% under market per recent rental survey conducted. / Excellent Unit Mix of 70% 2-Bedroom, 2- Bathroom Units (40), & 30% 1-Bedroom, 1- Bathroom Units (16). First time to the market in 30+ years. True value-add opportunity, with rents for subject property being approximately 40% under market. Welcome to this exceptional 56-unit apartment building the Mango Tree Apartments, ideally located in the heart of Fontana, CA. Built in 1985 and set on a generous 2.43-acre lot, this property offers a perfect blend of comfort and convenience for residents. The community features 16 spacious one-bedroom, one bathroom units and 40 two-bedroom, two-bathroom units. Residents benefit from private balconies, perfect for relaxing and enjoying the surroundings.

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Sales Agent

Sam Smith
  • Sam Smith
  • San Clemente Realtor ®
  • Phone: 949-204-5110
  • Cell: 949-204-5110
  • Contact Agent Now

Amenities

  • Parking Spaces56
  • Has PoolYes
  • PoolCommunity

Additional Information

  • Date ListedAugust 10th, 2024
  • Days on Market159
  • Short SaleN
  • RE / Bank OwnedN

Essential Information

  • MLS® #IV24168540
  • Price$12,500,000
  • Bedrooms3
  • Bathrooms3.00
  • Acres2.43
  • Year Built1985
  • TypeResidential Income
  • Sub-TypeApartment
  • StatusClosed
  • Listing AgentAlbert Le
  • Listing OfficeLE INVESTMENT GROUP

Exterior

  • Lot DescriptionTwentySixToThirtyUnitsAcre

Community Information

  • Address8021 Mango Avenue
  • Area264 - Fontana
  • CityFontana
  • CountySan Bernardino
  • Zip Code92336

Interior

  • FireplacesNone
  • # of Stories2
  • StoriesTwo

Price Change History for 8021 Mango Avenue, Fontana, (MLS® #IV24168540)

Date Details Price Change
Closed (from Active) – –
Price Reduced (from $12,999,999) $12,500,000 $499,999 (3.85%)
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Based on information from California Regional Multiple Listing Service, Inc. as of December 9th, 2025 at 8:20pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.