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8200 Cherry Avenue

Fontana CA 92335

198084 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Mobile Hacienda Park at 8200 Cherry Ave, Fontana, CA 92335 is a 100% occupied, all-age manufactured housing community in the highly supply-constrained Inland Empire - 50 mobile home spaces plus a manager's single-family residence on 4.55 acres along the Cherry Avenue/I-10 corridor, with convenient access to I-10, I-210, I-15, and major employers including Amazon, Target, UPS, and Kaiser Permanente. New park supply in Southern California is effectively zero, making existing communities functionally irreplaceable. All homes are tenant-owned: residents maintain their homes while the park collects lot rent and structurally lower expenses, capital requirements, and turnover than conventional multifamily, with long resident tenure and stable collections across cycles. Amenities include a pool, laundry facilities, paved interior streets, and mature trees. This fee-simple asset delivers immediate cash flow: in-place NOI of $349,134 (6.35% cap) with pro forma NOI of $370,280 (6.73% cap). Lot rents average $851 per month, below submarket levels, with yield growth through organic rent increases alone, no capital program required. Potential density expansion to as many as 90 spaces (buyer to verify) offers additional upside. Continued employment growth in the corridor and a persistent shortage of attainable housing underpin durable demand in one of Southern California's most resilient affordable housing sectors.

Features

198084 sq. ft. lot size
Multi-Family

Happy sellers in Fontana

92%
92% of sellers in Fontana reported that their sale price either exceeded or met their price expectations.

Fontana stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Fontana over the last 12 months.

Local market activity for multi families in Fontana

In the last 12 months, 15 multi families similar to 8200 Cherry Avenue, have been sold.

This represents a 7% decrease in multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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