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Golden Management Acquires 56 Unit Multifamily Property On Mango Avenue In Fontana For $10.85M
SOLD
$10,850,000
California
See Similar DealsMultiFamily
Sold 02/20/2025
SOLD
Golden Management Acquires 56 Unit Multifamily Property On Mango Avenue In Fontana For $10.85M
8021 Mango Avenue
See Similar DealsMultiFamily
Sold 02/20/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in the transaction is a 56-unit multifamily asset located at 8021 Mango Avenue in Fontana, California. The sale occurred on February 20, 2025, with a sale price of $10,850,000, equating to a price per unit of $193,750.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,850,000
- Units: 56
- Price Per Unit: $193,750
- Buyer: Golden Management
- Market: Fontana
Golden Management completed the acquisition of the Mango Tree multifamily property in an all-cash deal, further solidifying its portfolio in the multifamily sector.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$578,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,547.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,434.54
Annual Debt Service$617,214.42
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