9281 Pepper Avenue, Fontana, CA 92335

About this property

Pleased to exclusively present the Pepper Tree Apartments, an 8-unit, multi family investment property located in the City of Fontana, California. This offering presents qualified investors the opportunity to acquire a well maintained asset in one of the most desirable rental markets in the Inland Empire. The subject property is comprised exclusively of two bedroom units averaging736 square feet of living space. Units are individually metered for electricity with a central water heater and presents tenants with an on-site laundry room. Carport parking is available for all tenants along with extra open spaces that could translate to an additional income stream. Located off Randall Ave, the offering benefits from its convenient access to retail, entertainment, schools, medical offices, parks & freeways--all within reach. Furthermore, proximity to Interstates 10, 15, and 210 freeways grants tenants access to surrounding employment hubs throughout the Inland Empire as well as Los Angeles & Orange County regions. With significant upside potential and growing demand for this submarket, the offering presents the astute investor the opportunity to acquire a cash flowing asset with additional upside through proactive management to capture projected 44% upside in rents.

Listing description from the October 2023 sale, as reported to CRMLS.

Sale history

$1,920,000

Sold October 2023 · listed $1,825,000, on market July 2023 · MLS #PW23120918 · Source: CRMLS

Listing Agent: Rick Applebaum · Listing Office: Morgan Skenderian · Contact: 949-251-8800 · Bought with: ERIC CHEN · CB RICHARD ELLIS

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