52-Unit Garden-Style Apartment
16296 Merrill, Fontana, CA 92335
For Sale
New
$13,830,000
A gated, two-story residential community offers exclusively two- and three-bedroom layouts with private outdoor space.
Property Size40,084 SF
Days on Market7
Property Features for 16296 Merrill
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Amenities
gated residential setting
covered parking
swimming pool
laundry facilities
picnic/common outdoor areas
on-site management
private patio or balcony-style outdoor spaces
air conditioning
heating
ceiling fans
dishwasher
disposal
range
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
MacroReal Inv Grp Inc.
Listed By:
Grady Liu · License #01290494
(626) 236-8934
Source:
Velocityrealtysd
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 8 at 4:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MacroReal Inv Grp Inc.
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Investment Insights
Based on property information with market context.
Las Brisas Apartments is a 52-unit, two-story garden-style apartment property built in 1989. The unit mix consists entirely of two- and three-bedroom residences, approximately 85% with two bedrooms and 15% with three. Apartments include air conditioning, heating, ceiling fans, dishwashers, disposals, ranges, and private patio- or balcony-style areas. Community features include gated access, covered parking, a swimming pool, laundry facilities, shared outdoor areas, and on-site management.
The property is located at 16296 Merrill Avenue in Fontana, California, near Oleander Avenue. Interstate 10, public transportation, schools, shopping, and employment corridors are identified as nearby. The property has a bike score of 65, a walk score of 59, and a transit score of 48.
The property is located at 16296 Merrill Avenue in Fontana, California, near Oleander Avenue. Interstate 10, public transportation, schools, shopping, and employment corridors are identified as nearby. The property has a bike score of 65, a walk score of 59, and a transit score of 48.
Key Highlights
- 52 apartments in a two‑story garden‑style community
- Unit mix: approximately 85% two‑bedroom and 15% three‑bedroom layouts
- Built in 1989
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$542,508
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,850,160
$10.9M
Cap Rate 7%
$7,750,114
$7.8M
Cap Rate 9%
$6,027,867
$6.0M
Market Conditions
NOI Build-Up for 40,084 SF
Gross rent
$1.04M $26.04/SF
− Vacancy
−$57.4K −$1.43/SF
EGI
$986.4K $24.61/SF
− OpEx
−$443.9K −$11.07/SF
NOI
$542.5K $13.53/SF
Area
Fontana, CA
Vacancy
5.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,850,160
Cap Rate 7%
$7,750,114
Cap Rate 9%
$6,027,867
Alternative Uses
Best Use
Apartment 5plus
$7.75M
$6.78M – $9.04M
NOI $542,508 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.66M
$10.21M – $13.61M
NOI $816,463 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
52
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Explore this area
Business Placement
Demographics for 92335, CA
96,605
Population
25,861
Households
3.7
Avg Household Size
31
Median Age
10%
College-Educated
67%
High-School Grad
17.5 sq mi
ZIP Area
5,520
Density / Sq Mi
$75,198
Median Household Income
$35,912
Median Earnings
$1,636
Median Rent
$433,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in San Bernardino County, CA
Properties on Market for Apartment buildings in San Bernardino County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A gated, two-story residential community offers exclusively two- and three-bedroom layouts with private outdoor space.
Where is this apartment building located?
The property is located at 16296 Merrill Fontana, CA.
What is the asking price?
The asking price for this property is $13,830,000.
What are key features of this property?
This property features: 52 apartments in a two‑story garden‑style community; Unit mix: approximately 85% two‑bedroom and 15% three‑bedroom layouts; Built in 1989
