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8019 Alder Ave 2 Unit Apartment Building $1,642,548 CAD ($821,274 CAD/Unit) 5.32% Cap Rate Fontana, CA 92336
Investment Highlights
- New construction 2 unit property
- In the heart of rapidly growing Fontana
- Great unit mix with one 4 bed 2.5 bath and one 3 bed 2 bath
Executive Summary
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.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$108,244
|
$31.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,244
|
$31.38
|
| Taxes |
$18,068
|
$5.24
|
| Operating Expenses |
$2,738
|
$0.79
|
| Total Expenses |
$20,806
|
$6.03
|
| Net Operating Income |
$87,438
|
$25.34
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $108,244 |
| Annual Per SF | $31.38 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $108,244 |
| Annual Per SF | $31.38 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,068 |
| Annual Per SF | $5.24 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,738 |
| Annual Per SF | $0.79 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,806 |
| Annual Per SF | $6.03 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $87,438 |
| Annual Per SF | $25.34 |
Property Facts
| Price | $1,642,548 CAD | Property Subtype | Apartment |
| Price Per Unit | $821,274 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.32% | Building Size | 3,450 SF |
| Gross Rent Multiplier | 12.17 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Price | $1,642,548 CAD |
| Price Per Unit | $821,274 CAD |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| Gross Rent Multiplier | 12.17 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,450 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2.5 | 1 | $4,921 CAD | 2,250 |
| 3+2 | 1 | $4,100 CAD | 1,200 |
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Property Taxes
| Parcel Number | 0243-101-32 | Total Assessment | $1,256,549 CAD (2025) |
| Land Assessment | $328,099 CAD (2025) | Annual Taxes | $18,068 CAD ($5.24 CAD/SF) |
| Improvements Assessment | $928,450 CAD (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
0243-101-32
Land Assessment
$328,099 CAD (2025)
Improvements Assessment
$928,450 CAD (2025)
Total Assessment
$1,256,549 CAD (2025)
Annual Taxes
$18,068 CAD ($5.24 CAD/SF)
Tax Year
2023
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8019 Alder Ave
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