8019 Alder Avenue, Fontana, California 92336, Fontana, 92336 - bed, bath
ACTIVE$1,200,000
8019 Alder Avenue, Fontana, California 92336
0Bed
0Bath
3,450Sqft
6,205Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
New Construction: Built in 2023, this brand new property offers modern design, minimal deferred maintenance, and adherence to current building codes, appealing to tenants and reducing immediate capital expenditures for an owner.
Top Cons:
Limited Owner-Occupant Appeal: As a duplex, the property primarily targets investors, potentially narrowing the buyer pool compared to single-family residences that appeal to owner-occupants.
Compared to the nearby listings
Price:$1.20M vs avg $1.06M (+$135,000)75%
Size:3,450 sqft vs avg 3,798 sqft50%
Price/sqft:$348 vs avg $31350%
More Insights
Built in 2023 (2 years old).
Condition: This is a brand new construction property, built in 2023, which immediately qualifies it for an 'Excellent' rating. The images confirm a modern aesthetic with high-quality finishes throughout, including a contemporary kitchen with new stainless steel appliances, white shaker cabinets, and a large island. Bathrooms feature modern vanities, fixtures, and tiling. Recessed lighting, new flooring, and the inclusion of self-owned solar further underscore its top-tier condition, meeting current quality standards with no deferred maintenance.
Year Built
2023
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$348
HOA
-
Days on market
-
Sold On
-
MLS number
OC24178902
Home ConditionExcellent
Features
View-
About this home
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.
Condition Rating
Excellent
This is a brand new construction property, built in 2023, which immediately qualifies it for an 'Excellent' rating. The images confirm a modern aesthetic with high-quality finishes throughout, including a contemporary kitchen with new stainless steel appliances, white shaker cabinets, and a large island. Bathrooms feature modern vanities, fixtures, and tiling. Recessed lighting, new flooring, and the inclusion of self-owned solar further underscore its top-tier condition, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
New Construction: Built in 2023, this brand new property offers modern design, minimal deferred maintenance, and adherence to current building codes, appealing to tenants and reducing immediate capital expenditures for an owner.
Cash Flow Potential: Explicitly marketed as a 'cash flowing' duplex, this property presents an immediate income-generating opportunity, making it highly attractive to investors seeking passive revenue.
Optimal Unit Mix: The desirable unit mix of one 4-bedroom/2.5-bath unit and one 3-bedroom/2-bath unit caters to a broad tenant demographic, maximizing occupancy and rental income potential.
Self-Owned Solar System: Inclusion of a self-owned solar system significantly reduces utility costs for tenants or the owner, enhancing profitability, environmental appeal, and long-term property value.
Strategic Market Location: Located in the 'supply constrained market of Fontana,' the property benefits from strong rental demand and potential for future appreciation due to limited housing inventory.
Cons
Limited Owner-Occupant Appeal: As a duplex, the property primarily targets investors, potentially narrowing the buyer pool compared to single-family residences that appeal to owner-occupants.
Moderate Lot Size: The 6,205 sqft lot, while functional, may not offer extensive outdoor space or significant room for future expansion, which could be a consideration for some buyers.
Lack of Detailed Finish Information: While 'builder spared no expense' is stated, the description lacks specific details on high-end interior finishes or luxury amenities that might differentiate it further in a competitive market.