Aventerra II
16225 Arrow Boulevard
Fontana,
CA 92335
106 Units
Property Summary
Price | Call for Details |
Units | 106 |
Year Built | 1986 |
Rentable SF | 90,781 |
Lot Size Acres | 4.70 |
Investment Highlights
- Highly Desirable Mix of Two – and Three- Bedroom Floorplans
- Well-Appointed Community with Numerous Amenities
- Operational Upside and Economies of Scale (as a portfolio)
- Commutable to Over 3.5 Million Jobs
- Sizeable Growth in Regional Median Income
Property Description
The Mogharebi Group is pleased to present the opportunity to acquire Aventerra II, a sprawling multifamily community located at 16225 Arrow Boulevard in Fontana, California. Aventerra II comprises 106 units spread across 13 buildings, offering tenants spacious two- and three-bedroom floorplans. The property boasts a variety of appealing tenant amenities, such as central air conditioning, fully equipped kitchens, and private balconies / patios. Furthermore, throughout the secured access complex, residents will find a pool, spa, and laundry facility. Notably, Aventerra II sits just steps away from its sister property, Aventerra I, these are operated as one property, called simply “Aventerra” but exist on two separate fenced parcels. This unique operation allows for both properties to leverage the area’s prime location benefits, particularly the commuter benefits. Aventerra is within close proximity to the 10 Freeway and to the Historic Route 66, both offer easy access to the region’s robust job markets and along with them – a pool of quality tenants. Both Aventerra I and II can be purchased together as a portfolio with their 52-unit sister property, Citrus Breeze, which sits just across the street from Aventerra I. This bundle strategy allows for 3 properties totaling 324 units to be operated together with relative ease.
16225 Arrow Boulevard
Fontana, CA 92335
Fontana, CA 92335
Situated in the southwestern region of California, Fontana is the second largest city in San Bernardino County and is known for its vibrant logistics industry. Fontana is positioned 50 miles east of Los Angeles and 19 miles southwest of Riverside.
Listing Advisors
Otto Ozen
Bryan LaBar
Jordan Pakzad
Based on this listing