NOT LISTED FOR SALE

8582 Tamarind Ave Fontana, CA 92335

Fontana Area
3 Beds
2 Baths
7,548 Sq Ft
0.5 Acre Lot

Sale Details

Date Sold: January 30, 2026

Last sale price $1,972,500 $261 Per Sq Ft

10 Days on Market

About This Home

As of January 2026

The Tamarind Avenue Apartments are located at 8582 Tamarind Avenue in Fontana, California. Built in 1985, the property sits on approximately 0.50 acres and offers ±7,548 rentable square feet.
The unit mix features a majority two-bedroom units along with one-bedroom layouts, appealing to a
broad tenant base. Amenities include on-site parking with 13 covered carports and 4 open spaces
(approximately 1.9 spaces per unit), a shared laundry room, and select units with private balconies.
The property demonstrates strong in-place financials, with additional upside through continued rent
growth as several units remain below market levels. The new owner will also benefit from recent
improvements, including all HVAC condensers replaced within the past five years and upgraded water
lines for the two-bedroom units completed approximately three years ago.
Situated in Fontana, one of the fastest-growing cities in the Inland Empire, the asset benefits from
steady rental demand fueled by the region’s expansive logistics and warehousing industry. Nearby
employment hubs include Amazon fulfillment centers, Kaiser Permanente Medical Center, Ontario
International Airport, and major distribution centers for UPS, FedEx, and Walmart. The location also
offers excellent accessibility to I-10, I-15, and CA-210 freeways, reinforcing tenant demand and long term
market stability. Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property.
For Further Information, Please Contact the Listing Agents.

Last Agent to Sell the Property

Kevin Struve

MARCUS & MILLICHAP Brokerage Email: kevin.struve@marcusmillichap.com License #01266441 Listed on: 11/03/2025

Co-Listed By

Gisele Pinedo

MARCUS & MILLICHAP Brokerage Email: kevin.struve@marcusmillichap.com License #02188347

Last Buyer's Agent

Thomas Gibson

THE WRIGHT ASSOCIATED COMPANIES License #01319085

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 21,620 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 7,548 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 17 Parking Spaces
  • 13 Carport Spaces

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 81
  • Assessor Parcel Number 0192221180000
  • $2,793 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Gardener Expense $2,900
  • Insurance Expense $9,004
  • Maintenance Expense $8,100
  • Pest Control $1,000
  • Supplies Expense $2,250
  • Trash Expense $4,000
  • Water Sewer Expense $6,000
  • New Taxes Expense $22,328
  • Operating Expense $61,975
  • Gross Income $181,800
  • Net Operating Income $116,771

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0.5 Acres

Listing Details

  • CapRate: 5.52
  • Property Attached: Yes
  • Supplies Expense: 2250.00
  • Water Sewer Expenses: 6000.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2900.00
  • Parcel Number: 0192221180000
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 261.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 13.00
  • Total Parking Spaces: 17.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 1000.00
  • Sewer: Public Sewer
  • Trash Expense: 4000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 21620.00
  • Lot Size Acres: 0.4963

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 715 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Electric Expense: 3000.00
  • Gross Income: 181800.00
  • Gross Multiplier: 11.63
  • Gross Scheduled Income: 181800.00
  • Insurance Expense: 9004.00
  • Laundry Income: 2400.00
  • Lot Size Area: 21620.0000 Square Feet
  • Maintenance Expense: 8100.00
  • Net Operating Income: 116771.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 61975.00
  • Rent Control: No
  • Total Actual Rent: 15150.00
  • Total Expenses: 61975.00

Tax Info

  • New Taxes Expense: 22328.00
  • Tax Lot: 1
  • Tax Tract Number: 081-081
  • TaxOtherAnnualAssessmentAmount: 2793.00

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/30/2026 01/30/26 Sold $1,972,500 -6.7% $261 / Sq Ft
11/03/2025 11/03/25 For Sale $2,115,000 -- $280 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25252493

California Regional Multiple Listing Service (CRMLS)
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