### Le Investment Group Completes All-Cash Sale of Fontana Apartment Complex
Le Investment Group has successfully closed the sale of The Mango Tree Apartments, a 56-unit multifamily property located at 8021 Mango Ave. in Fontana. The property sold for $10,850,000, translating to $193,750 per unit.
The all-cash transaction was completed in just 14 days at a 4.50% cap rate, with a gross rent multiplier (GRM) of 13.09 and a Pro Forma CAP rate of 6.86%. The sale represented a value-add opportunity, as the property had low existing rents and required renovations, offering strong potential for revenue growth and asset appreciation. Le Investment Group represented both the buyer and the seller in the deal.
“We are proud to have successfully facilitated this transaction with such efficiency,” said Albert Le, managing partner at Le Investment Group. “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.”
