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November 21, 2018
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SOUTHERN CALIFORNIA NEWS
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Fontana Multifamily Property Sells for $172k/Unit

2/09/18

Valencia Avenue Apartments, a 16-unit apartment property in Fontana, sold for $2.75 mil, or $172k/unit. The property sits on .76 acres at 16645 Valencia Ave.

The two-story building was built in 1987. The property consists of an excellent unit mix of eight large two-bedroom/one-bathroom units of approximately 875 sf, and eight three-bedroom/two-bathroom units of approximately 1.3k sf. It is located near downtown Fontana, close to Arrow Blvd and Sierra Ave, with many retail shops and restaurants along The Historic Route 66, Foothill Blvd.

Edward Pan and David Lin with Marcus & Millichap represented the seller, an individual/personal trust.





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