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6/06/25
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A 14-unit multifamily property in Fontana traded for $6.15 mil, or $439k/unit. Built in 2024, the property is located at 9223 Cypress Ave, east of I-15 between Foothill Blvd and I-10.
The property consists of all townhouse-style units that feature spacious bi-level layouts with an average unit size of 1.2k sf. The units include stainless steel appliances, quartz countertops, hardwood cabinetry, waterproof plank flooring, recessed lighting and in-unit washer/dryers.
The property benefits from excellent regional connectivity. With proximity to State Route 210 (SR-210) and SR-60, residents enjoy seamless access to major employment and lifestyle hubs across Los Angeles, Riverside and San Bernardino counties.
CBRE’s Eric Chen, Kevin Sin and Blake Torgerson represented both the buyer, Cypress Apartments Properties LLC, and the seller, Masters Development LLC, in the transaction. According to Chen, the listing generated seven offers and entered escrow in under two weeks, a reflection on the strength of the Fontana market and the quality of the property.
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