8019 Alder Ave
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8019 Alder Ave
2 Unit Apartment Building $1,685,616 CAD ($842,808 CAD/Unit) 5.32% Cap Rate Fontana, CA 92336
Investment Highlights
- New construction 2 unit property
- In the heart of rapidly growing Fontana
- Great unit mix with one 4 bed 2.5 bath and one 3 bed 2 bath
Executive Summary
Rare opportunity to purchase a cash flowing new construction duplex in the supply constrained market of Fontana. Desirable unit mix with one 4 bedroom 2.5 bath unit and one 3 bedroom 2 bath unit. Builder spared no expense and even included self owned solar for the property.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$111,218
|
$32.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$111,218
|
$32.24
|
| Taxes |
$18,564
|
$5.38
|
| Operating Expenses |
$2,813
|
$0.82
|
| Total Expenses |
$21,377
|
$6.20
|
| Net Operating Income |
$89,841
|
$26.04
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $111,218 |
| Annual Per SF | $32.24 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $111,218 |
| Annual Per SF | $32.24 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,564 |
| Annual Per SF | $5.38 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,813 |
| Annual Per SF | $0.82 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $21,377 |
| Annual Per SF | $6.20 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $89,841 |
| Annual Per SF | $26.04 |
Property Facts
| Price | $1,685,616 CAD | Property Subtype | Apartment |
| Price Per Unit | $842,808 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.32% | Building Size | 3,450 SF |
| Gross Rent Multiplier | 12.17 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Price | $1,685,616 CAD |
| Price Per Unit | $842,808 CAD |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| Gross Rent Multiplier | 12.17 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,450 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2.5 | 1 | $5,050 CAD | 2,250 |
| 3+2 | 1 | $4,207 CAD | 1,200 |
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Marcus & Millichap
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8019 Alder Ave
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