Updated Jun 3, 2025
CBRE Brokers Eric Chen Kevin Sin & Blake Torgerson Facilitate $6.15M Multifamily Sale In Fontana
9223 Cypress Avenue
$6,150,000
$281/SF
Building Size
21,866 SF
Asset Type
MultiFamily
Closing
May 29, 2025
About this deal
AI
This multifamily asset located at 9223 Cypress Avenue in Fontana comprises 14 units, encompassing a total of 16,868 square feet. The sale price for this property was $6,150,000, reflecting a price per unit of $439,285 and a price per square foot of $365.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $6,150,000
- Units: 14
- Square Footage: 16,868
- Price Per Unit: $439,285
- Price Per Square Foot: $365
- Market: Fontana
The transaction involved brokers Eric Chen, Kevin Sin, and Blake Torgerson from CBRE, who represented the parties involved in this deal. Their role was crucial in facilitating the successful completion of the transaction.
On the Map
$6,150,000
$281/SF
MultiFamily
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Fontana MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93