8019 Alder Avenue, Fontana, California 92336, Fontana, - bed, bath
ACTIVE$1,200,000
8019 Alder Avenue, Fontana, California 92336
0Bed
0Bath
3,450Sqft
6,205Lot
Year Built
2023
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC24178902
Home ConditionExcellent
Features
View-
About this home
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.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (3 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,450 | 3,798 | 50% |
| Lot Size | 6,205 | 18,278 | 25% |
| Price | $1.2M | $1.06M | 75% |
| Price per square foot | $348 | $312.5 | 50% |
| Built year | 2023 | 9795981 | 100% |
| HOA | |||
| Days on market | 434 | 256 | 75% |
Condition Rating
Excellent
The property is a new construction duplex built in 2023. The images show modern design elements, suggesting high-quality finishes and appliances in both the kitchen and bathrooms. Given the new construction status, all components are expected to be new or virtually new, meeting current quality standards.
Pros & Cons
Pros
New Construction: The property is a new construction duplex, minimizing immediate maintenance concerns and appealing to tenants seeking modern amenities.
Cash Flowing Potential: The property is presented as a cash-flowing investment, offering immediate income potential for the buyer.
Desirable Unit Mix: The unit mix (4 bed/2.5 bath and 3 bed/2 bath) caters to a broad range of tenant profiles, increasing occupancy potential.
Self-Owned Solar: The inclusion of self-owned solar panels reduces utility costs for tenants and potentially increases property value.
Supply Constrained Market: Located in Fontana, a supply-constrained market, potentially leading to higher demand and rental rates.
Cons
Price Point: The list price of $1.2 million may be a barrier to entry for some investors, requiring significant capital.
Fontana Location: While supply-constrained, Fontana's specific micro-location within the city needs careful evaluation regarding tenant quality and long-term appreciation potential.
Limited Information: The description lacks details on specific amenities, finishes, and operating expenses, requiring further due diligence.