Le Investment Group Successfully Closes Sale of 56-Unit Multifamily Property – The Mango Tree Apartments
8021 Mango Ave., Fontana, CA 92336
January 27, 2025 – Le Investment Group is pleased to announce the successful closing of The Mango Tree Apartments, a 56-unit multifamily property located at 8021 Mango Ave., Fontana, CA. The property was sold for $10,850,000, equating to $193,750 per unit.
This transaction was distinguished by its all-cash, quick 14-day close, underscoring the strong investor demand for well-positioned multifamily assets. Le Investment Group represented both the Seller and Purchaser, demonstrating its expertise in structuring and executing seamless transactions that maximize value for all parties.
The sale closed at a 4.50% cap rate, with a GRM of 13.09 and a Pro Forma CAP rate of 6.86%, highlighting the property’s strong income potential and upside opportunities in the Fontana rental market. The property was a value-add play, with low existing rents and renovations required, presenting significant potential for increased revenue and asset appreciation.
“We are proud to have successfully facilitated this transaction with such efficiency,” said Albert Le, Managing Partner at Le Investment Group, adding, “This sale helps demonstrate the momentum of the current commercial real estate landscape. Investors are eager to re-enter the market after a period of hesitation, and this transaction highlights the demand for well-located, income-generating properties. People are ready to get back into the market and are tired of sitting on the sidelines.”
Le Investment Group remains committed to delivering superior outcomes for its clients in the multifamily sector and beyond. As we continue to expand our portfolio and market presence, we look forward to more successful transactions in the future.
For more information on this transaction or other investment opportunities, please contact:
Albert Le
Managing Partner
Le Investment Group
9220 Haven Avenue, Suite 340
Rancho Cucamonga 91730
Office: (909) 256-7889
Cell: (714) 814-2088
Fax: (909) 354-3191
License CA 01468313
Albert.le@leinvestmentgroup.com
About Le Investment Group
Le Investment Group, based in Rancho Cucamonga, California, is a full-service commercial real estate brokerage serving clients throughout California, covering the Inland Empire, Riverside County, San Bernardino County, Los Angeles County, San Diego County, Orange County, as well as all areas of Central and Northern California. Additionally, we facilitate out-of-state transactions. We are dedicated to providing commercial real estate services and representation for private and institutional clients. New and seasoned clients will find it valuable to consult with Le Investment Group concerning acquisitions and dispositions of multifamily, multi-tenant retail, single-tenant NNN, industrial, and hospitality assets.
