Seller's Agent in 2025
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
2 in this area
60 Total Sales
9223 Cypress Ave Fontana, CA 92335
8
Beds
7
Baths
16,868
Sq Ft
0.88
Acres
Highlights
- 0.88 Acre Lot
- Laundry Room
- Central Heating and Cooling System
- No HOA
About This Home
As of May 2025We are pleased to present the unique opportunity to acquire 9223 Cypress Ave, strategically located in Fontana, California.
This brand-new 14-unit townhome development offers investors the chance to capitalize on the strong demand for high-quality housing in the Inland Empire while generating stable and attractive returns at a 5.05% CAP rate.
The development is situated on ±38,160 square feet of land, with a total building area of ±21,866 square feet. Conveniently located near major highways, retail centers, and employment hubs, the property provides easy access to Interstate 10, Interstate 15, and State Route 210, ensuring seamless connectivity throughout the Inland Empire and Greater Los Angeles region.
9223 Cypress Ave comprises 14 townhome-style units with a mix of 2-bedroom/1.5-bathroom and 3-bedroom/2.5-bathroom floor plans. The modern, newly constructed residences feature high-end finishes, open-concept living areas, and private garages. Each unit is thoughtfully designed to include spacious layouts, contemporary kitchens, and in-unit laundry. Select units offer private patios or balconies, enhancing the overall living experience. Additionally, the community’s common area features include, a beautiful garden courtyard and picnic area for tenant enjoyment.
Fontana is a thriving and rapidly growing city, known for its strong rental market, employment opportunities, and excellent access to transportation. The property benefits from its proximity to major retail centers, dining, parks, and recreational amenities, as well as key employment hubs such as the Inland Empire Logistics Centers and Kaiser Permanente Fontana Medical Center. The Fontana area’s demand for quality rental housing, combined with the property’s high quality construction and prime location, makes 9223 Cypress Ave an exceptional investment opportunity.
This offering presents a rare chance to acquire a newly built, income-producing asset in one of Southern California’s most dynamic rental markets. Whether for a first-time purchaser, seasoned investor, or 1031 exchange buyer, 9223 Cypress Ave provides long-term stability and growth potential in an area with strong economic and demographic fundamentals.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2024
Lot Details
- 0.88 Acre Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 4 Open Parking Spaces
- 16 Car Garage
Home Design
- Apartment
Interior Spaces
- 16,868 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 3102
- Assessor Parcel Number 0193101630000
- $1,861 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 14 Units
Building Details
- 14 Leased Units
- Rent Control
- 14 Separate Electric Meters
- 14 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $900
- Insurance Expense $11,900
- Maintenance Expense $4,200
- Other Expense $3,500
- Pest Control $900
- Professional Management Expense $18,514
- Supplies Expense $1,205
- Trash Expense $5,604
- Water Sewer Expense $12,600
- New Taxes Expense $70,058
- Operating Expense $129,381
- Gross Income $487,200
- Net Operating Income $333,459
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Sold | $6,150,000 | -6.8% | $365 / Sq Ft |
| 04/09/2025 04/09/25 | Pending | -- | -- | -- |
| 03/13/2025 03/13/25 | For Sale | $6,600,000 | +3284.6% | $391 / Sq Ft |
| 11/12/2019 11/12/19 | Sold | $195,000 | -11.0% | -- |
| 06/12/2019 06/12/19 | Price Changed | $219,000 | -4.4% | -- |
| 05/24/2019 05/24/19 | Price Changed | $229,000 | -5.4% | -- |
| 05/08/2019 05/08/19 | Price Changed | $242,000 | -0.8% | -- |
| 04/24/2019 04/24/19 | For Sale | $244,000 | +25.1% | -- |
| 11/03/2017 11/03/17 | Sold | $195,000 | 0.0% | -- |
| 10/11/2017 10/11/17 | Pending | -- | -- | -- |
| 07/25/2017 07/25/17 | For Sale | $195,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
A
Seller's Agent in 2019
ALEJANDRO SOTO
LETSO REALTY
(951) 500-5214
1 in this area
13 Total Sales
-
Seller's Agent in 2017
Vince Franco
SIERRA REALTY FONTANA INC
(909) 822-1197
12 in this area
42 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25056074
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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