16296 Merrill

Fontana, CA 92335

$13,830,000

2.19 acres
Built 1989

Listed by MacroReal Inv Grp Inc. · MLS #TR26236475

Listing status & updates

MLS last changed: Not supplied by this listing source
Availability last checked: No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

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16296 Merrill, Fontana, CA 92335 · MLS #TR26236475

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

ACTUAL PROPERTY APPEARANCE, COLORS, MATERIALS, LANDSCAPING, AND FINISHES MAY VARY.** Las Brisas Apartments is a 52-unit, two-story garden-style multifamily community located at 16296 Merrill Avenue in Fontana, California.

Year built

Built in 1989.

Property size

2.19 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

**ALL PHOTOS ARE RENDERINGS AND ENHANCED FOR MARKETING PURPOSES ONLY. ACTUAL PROPERTY APPEARANCE, COLORS, MATERIALS, LANDSCAPING, AND FINISHES MAY VARY.** Las Brisas Apartments is a 52-unit, two-story garden-style multifamily community located at 16296 Merrill Avenue in Fontana, California. Built circa 1988, the property offers a highly desirable family-oriented unit mix consisting entirely of two- and three-bedroom floor plans, with approximately 85% two-bedroom units and 15% three-bedroom units. The community features a gated residential setting with covered parking, a swimming pool, laundry facilities, picnic/common outdoor areas, on-site management, and private patio or balcony-style outdoor spaces. Unit interiors offer functional layouts with air conditioning, heating, ceiling fans, dishwasher, disposal, range, and private outdoor space, creating a practical and comfortable living environment for renter households. Positioned near Merrill Avenue and Oleander Avenue, with convenient access to Interstate 10, public transportation, schools, shopping, and nearby employment corridors, Las Brisas Apartments offers investors a well-located Inland Empire multifamily asset with strong resident appeal and durable demand for larger rental units.

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THE NEIGHBORHOOD

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16296 Merrill, Fontana, CA 92335

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THE DETAILS

The details, all in one place.

Property type: ResidentialIncome
Category: Residential
Year built: 1989
Garage spaces: 0
Pool: No
Pool features: Community
Parcel: 0191182570000

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

Investor outlook Rental potential, ownership costs and property management

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—

Estimated monthly rent$57,625.00

Cap rate—

Annual operating income: —

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

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Listing information

MLS #TR26236475 · California Regional MLS

Listing brokerage: MacroReal Inv Grp Inc.
Listing agent: Grady Liu

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.

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 © 2023 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. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.