9223 Cypress Ave

14 Unit Apartment Building $9,494,100 CAD ($678,150 CAD/Unit) 5.05% Cap Rate Fontana, CA 92335

INVESTMENT HIGHLIGHTS

  • Premium Asset: Brand New Construction, Townhouse Development in Desirable Inland Empire Location
  • Luxurious Unit Amenities: Attached Garages for Select Units, Modern Waterproof Plank Flooring, In-Unit Washer & Dryer, Stainless Steel Appliances
  • Desirable Fontana Community: Prime Location with Growing Demand for High-Quality Housing, Fontana offers accessible transportation, diverse shopping,
  • Prime Income-Producing Property: Great Long-Term Investment with Non-Rent-Controlled Units, Minimal Maintenance, and at 5.05% Cap Rate on Current Rent
  • Excellent Unit Mix: Featuring: Bi – Level Spacious 2B/1.5B TH, & 3B/2.5B TH | Average Unit Size of 1,205 Square Feet
  • Convenient Access to Highways 210 and 60, providing seamless connections to LA, Riverside, and San Bernardino County

EXECUTIVE SUMMARY

CBRE, Inc., as exclusive advisor, is pleased to present the unique opportunity to acquire 9223 Cypress Ave, strategically located in Fontana, California.
This brand-new 14-unit townhome development offers investors the chance to capitalize on the strong demand for high-quality housing in the Inland Empire while generating stable and attractive returns at a 5.05% CAP rate.
The development is situated on ±38,160 square feet of land, with a total building area of ±21,866 square feet. Conveniently located near major highways, retail centers, and employment hubs, the property provides easy access to Interstate 10, Interstate 15, and State Route 210, ensuring seamless connectivity throughout the Inland Empire and Greater Los Angeles region.
9223 Cypress Ave comprises 14 townhome-style units with a mix of 2-bedroom/1.5-bathroom and 3-bedroom/2.5-bathroom floor plans. The modern, newly constructed residences feature high-end finishes, open-concept living areas, and private garages. Each unit is thoughtfully designed to include spacious layouts, contemporary kitchens, and in-unit laundry. Select units offer private patios or balconies, enhancing the overall living experience. Additionally, the community’s common area features include, a beautiful garden courtyard and picnic area for tenant enjoyment.
Fontana is a thriving and rapidly growing city, known for its strong rental market, employment opportunities, and excellent access to transportation. The property benefits from its proximity to major retail centers, dining, parks, and recreational amenities, as well as key employment hubs such as the Inland Empire Logistics Centers and Kaiser Permanente Fontana Medical Center. The Fontana area’s demand for quality rental housing, combined with the property’s high quality construction and prime location, makes 9223 Cypress Ave an exceptional investment opportunity.
This offering presents a rare chance to acquire a newly built, income-producing asset in one of Southern California’s most dynamic rental markets. Whether for a first-time purchaser, seasoned investor, or 1031 exchange buyer, 9223 Cypress Ave provides long-term stability and growth potential in an area with strong economic and demographic fundamentals.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $700,788 $42.04
Other Income - -
Vacancy Loss $35,039 $2.10
Effective Gross Income $665,749 $39.94
Taxes $100,771 $6.05
Operating Expenses $85,330 $5.12
Total Expenses $186,102 $11.16
Net Operating Income $479,647 $28.77

PROPERTY FACTS

Price $9,494,100 CAD
Price Per Unit $678,150 CAD
Sale Type Investment
Cap Rate 5.05%
Gross Rent Multiplier 13.55
No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 0.88 AC
Building Size 21,866 SF
Average Occupancy 100%
No. Stories 2
Year Built 2024
Opportunity Zone Yes

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Hardwood Floors
  • Oven
  • Yard
  • Patio
  • Large Bedrooms

SITE AMENITIES

  • Controlled Access
  • Picnic Area

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1.5 6 $3,884 CAD 1,008
3+2.5 8 $4,316 CAD 1,303 - 1,402

PROPERTY TAXES

  • Listing ID: 35129068

  • Date on Market: 2025-03-13

  • Last Updated:

  • Address: 9223 Cypress Ave, Fontana, CA 92335