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16885 Reed Street

Fontana, CA 92336
  • $1,100,000
  • STATUS: Active
  • ON SITE: 187 Days
  • MLS #: PW24217123
UPDATED: 49 min ago
$1,100,000
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Listing Agent(s): Carlos Ascencio of Re/Max Top Producers (909-590-8853) and Krisante Gunewardena of RE/MAX TOP PRODUCERS(909-590-8853)


Description

We present an incredible opportunity to bring to life a 10-unit condominium project in the thriving city of Fontana. This proposed development is designed to feature the elegant charm of Santa Barbara-style architecture, paired with spacious, modern floor plans that cater to todays urban lifestyle.Positioned in a prime location, this project will be surrounded by bustling shopping centers, key public transportation hubs, and local parks and schools making it an attractive destination for future homeowners. The areas demand for well-designed, centrally located housing is high, and this project promises to meet that demand.With Fontana's continued growth and development, now is the perfect time for developers to capitalize on this opportunity. Build a community that combines style, comfort, and convenience, and become part of one of Southern Californias most dynamic residential markets.The Seller Has Already received Tenantive Approval and Tract Map approval thru planning for the Proposed 10 Unit Condominium project. Ready for Buyer or Investor to submit Permits request and start building away. "With 3 existing rental units generating income, this property offers immediate income returns while you secure permits and begin transforming it into a 10-condo investment project."

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T10:34:26.883. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/156939720
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16885 Reed Street Fontana, CA 92336

  • Price: $1,100,000
  • Status: Active
  • On Site: 187 Days
  • Updated: 49 min ago
  • MLS #: PW24217123
0
Beds
0
Baths
0
½ Baths
0.42
Acres
1951
Built
Neighborhood:
264 - Fontana
County:
San Bernardino
Area:
264 - Fontana
Property Description
We present an incredible opportunity to bring to life a 10-unit condominium project in the thriving city of Fontana. This proposed development is designed to feature the elegant charm of Santa Barbara-style architecture, paired with spacious, modern floor plans that cater to todays urban lifestyle.Positioned in a prime location, this project will be surrounded by bustling shopping centers, key public transportation hubs, and local parks and schools making it an attractive destination for future homeowners. The areas demand for well-designed, centrally located housing is high, and this project promises to meet that demand.With Fontana's continued growth and development, now is the perfect time for developers to capitalize on this opportunity. Build a community that combines style, comfort, and convenience, and become part of one of Southern Californias most dynamic residential markets.The Seller Has Already received Tenantive Approval and Tract Map approval thru planning for the Proposed 10 Unit Condominium project. Ready for Buyer or Investor to submit Permits request and start building away. "With 3 existing rental units generating income, this property offers immediate income returns while you secure permits and begin transforming it into a 10-condo investment project."
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Back YardYard Number Of Separate Electric Meters 3 Parking Total 1 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Cooling See Remarks Cooling YN Yes Fireplace Features None Fireplace YN No Heating See Remarks Heating YN Yes Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street LightsSidewalks Contingency Buyer to participate with sellers 1031 exchange Garage YN Yes Gross Income 46200 Gross Scheduled Income 46200 Insurance Expense 1900 Land Lease YN No Laundry Features See Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeSubmit Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 0 Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Total Actual Rent 3850 Trash Expense 0 Utilities Electricity ConnectedSewer Connected Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T10:34:26.883. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Carlos Ascencio of Re/Max Top Producers (909-590-8853) and Krisante Gunewardena of RE/MAX TOP PRODUCERS(909-590-8853)