17761 Citron Ave Fontana, CA 92335

We are pleased to present 17761 Citron Avenue, a 9-unit apartment property comprised of a single-story layout located in the highly localized city of Fontana, California. This value-add opportunity is perfect for an investor looking to acquire an apartment property and maximize its income potential. The property has been under the same ownership since 1988 and since then, is the first time being offered for sale. The units are currently leased to many long-time tenants on a month-to-month agreement at below market rents. With one (1) unit able to be delivered vacant, Buyers can quickly add value and increase income by modernizing the unit(s). With only a short distance from The Kaiser Permanente and Ontario Mills it is within excellent proximity to many inevitabilities. The entire property is paved with a long wide driveway surrounded by brick wall. Eight of the nine total units feature 1 bed + 1 bath with privately gated patio area and two parking spaces each. The front house unit also comes equipped with a small yard ideal for BBQ and family area. The property has been partially re-piped with copper plumbing and has a newer roof recently installed in two of the three buildings. There are security cameras in the exterior of the property for added safety. None of the units have been extensively upgraded which provides prime opportunity for new ownership to do complete unit upgrades and maximize its income potential

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