The Cypress Avenue Townhomes is a brand new 2024 constructed 14-unit luxurious townhome community located in Fontana, CA. The property boasts the ideal unit mix of Eight – 3 Bed/ 2.5 Bath, and Six – 2 Bed/ 1.5 Townhome style floorplan with an average unit size of more than 1,200 square feet. The Cypress Avenue Townhomes were constructed using solid, high quality building methods intended to last for years with minimal to no maintenance costs. Each unit includes high end finishes, washer and dryer hookups, and direct access two-car garages in the 3-Bedroom units. Fontana continues to represent a strong investment submarket, regularly outperforming its neighboring cities in both market occupancy and rent growth. The property is located just minutes from a variety of daily conveniences including shopping, dining, and retail services, notably including Fontana High School, Northgate Market, and Kaiser Permanente Medical Center. The property enjoys quick access to Interstate 10, providing residents with easy commutable access to the greater San Bernardino area.
The income description goes here to explain
| List Price | $6,900,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 16 spots |
| Year Built | 2024 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 0193101630000 |
| MLS # | OC24176678 |
| Property ID | 320797519 |
| Lot Sqft | 38,160 |
| Zoning | Unknown |
| Total Units | 14 |
| Days on Market | 467 |
| Original List Price | $7,199,999 |
| Date Updated | October 17, 2024 |
| Date Created | August 26, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $40,600 | $0 |
| Net Income (Yr) | $ 333,065 |
| Cap Rate | 4.83% |
Brett Bayless an agent of . Lic #01718244
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REAL ESTATE AGENT