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8582 Tamarind Ave 9 Unit Apartment Building $2,115,000 ($235,000/Unit) 5.52% Cap Rate Fontana, CA 92335
INVESTMENT HIGHLIGHTS
- Nine-unit multifamily community built in 1985
- Unit Mix: 6 two-bedroom and 3 one bedroom units
- Current Cap Rate: 5.52% - Pro Forma: 6.19%
- +- 7,548 rentable SF on +_ 0.50 Acres
- 13 carports + 4 open spaces, on-site laundry room and select units with balconies
- Recent Upgrades: All HVAC condensers replaced within the past 5 years, water lines upgraded to Pex piping in all the two-bedroom units
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Tamarind Avenue Apartments, located at 8582 Tamarind
Avenue in Fontana, California. Built in 1985, the property sits on approximately 0.50 acres and offers
±7,548 rentable square feet.
The unit mix features a majority two-bedroom units along with one-bedroom layouts, appealing to a
broad tenant base. Amenities include on-site parking with 13 covered carports and 4 open spaces
(approximately 1.9 spaces per unit), a shared laundry room, and select units with private balconies.
The property demonstrates strong in-place financials, with additional upside through continued rent
growth as several units remain below market levels. The new owner will also benefit from recent
improvements, including all HVAC condensers replaced within the past five years and upgraded water
lines for the two-bedroom units completed approximately three years ago.
Situated in Fontana, one of the fastest-growing cities in the Inland Empire, the asset benefits from
steady rental demand fueled by the region’s expansive logistics and warehousing industry. Nearby
employment hubs include Amazon fulfillment centers, Kaiser Permanente Medical Center, Ontario
International Airport, and major distribution centers for UPS, FedEx, and Walmart. The location also
offers excellent accessibility to I-10, I-15, and CA-210 freeways, reinforcing tenant demand and longterm
market stability.
Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property.
For Further Information, Please Contact the Listing Agents
Avenue in Fontana, California. Built in 1985, the property sits on approximately 0.50 acres and offers
±7,548 rentable square feet.
The unit mix features a majority two-bedroom units along with one-bedroom layouts, appealing to a
broad tenant base. Amenities include on-site parking with 13 covered carports and 4 open spaces
(approximately 1.9 spaces per unit), a shared laundry room, and select units with private balconies.
The property demonstrates strong in-place financials, with additional upside through continued rent
growth as several units remain below market levels. The new owner will also benefit from recent
improvements, including all HVAC condensers replaced within the past five years and upgraded water
lines for the two-bedroom units completed approximately three years ago.
Situated in Fontana, one of the fastest-growing cities in the Inland Empire, the asset benefits from
steady rental demand fueled by the region’s expansive logistics and warehousing industry. Nearby
employment hubs include Amazon fulfillment centers, Kaiser Permanente Medical Center, Ontario
International Airport, and major distribution centers for UPS, FedEx, and Walmart. The location also
offers excellent accessibility to I-10, I-15, and CA-210 freeways, reinforcing tenant demand and longterm
market stability.
Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property.
For Further Information, Please Contact the Listing Agents
PROPERTY FACTS
| Price | $2,115,000 | Apartment Style | Low-Rise |
| Price Per Unit | $235,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 5.52% | Building Size | 7,548 SF |
| Gross Rent Multiplier | 11.63 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 2.22/1,000 SF |
| Zoning | R-3, Fontana | ||
| Price | $2,115,000 |
| Price Per Unit | $235,000 |
| Sale Type | Investment |
| Cap Rate | 5.52% |
| Gross Rent Multiplier | 11.63 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 7,548 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | R-3, Fontana |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 6 | - | - |
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PROPERTY TAXES
| Parcel Number | 0192-221-18 | Improvements Assessment | $282,191 |
| Land Assessment | $54,870 | Total Assessment | $337,061 |
PROPERTY TAXES
Parcel Number
0192-221-18
Land Assessment
$54,870
Improvements Assessment
$282,191
Total Assessment
$337,061
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8582 Tamarind Ave
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