Keegan Cin | Realtor® | License # DRE 01971604

Property

Fontana, CA 92336 16885 Reed Street

16885 Reed Street Fontana, CA - Image 116885 Reed Street Fontana, CA - Image 216885 Reed Street Fontana, CA - Image 3
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Presented By: Carlos Ascencio with Re/Max Top Producers; 562-254-8677
  • MLS# PW24217123
  • 10/18/2024
  • Request Tour
  • Request Info
  • Beds • 3
  • Baths • 3
  • SQFT • 2,250
  • Garage • 1
  • Year Built • 1951

Home Details

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 today’s 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 area’s 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 California’s 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."
Presented By: Carlos Ascencio with Re/Max Top Producers; 562-254-8677

Interior Features for 16885 Reed Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesSeeRemarks
Total Stories1

Other Rooms

Entry Level1

General for 16885 Reed Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityFontana
Community FeaturesStreetLights, Sidewalks
ContingencyBuyer to participate with sellers 1031 exchange
CoolingSeeRemarks
CountySan Bernardino
DirectionsCorner of Sierra AVe and Reed Street
Electric On Property Y/NNo
Entry Location1
Garage Spaces1.0
Garage Y/NYes
Gross Income46200.0
HOANo
HOA Fee$0.0
HeatingSeeRemarks
Home Warranty Y/NNo
Insurance Expense1900.0
Interior FeaturesAllBedroomsDown
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional, Exchange1031, Submit
Lot Size Square Feet18095.0
Lot Size UnitsSquareFeet
MLS Area264 - Fontana
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Operating Expense0.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot75
Tenant PaysCableTv, Electricity, Gas
Total Actual Rent3850.0
Trash Expense0.0
UtilitiesElectricityConnected, SewerConnected
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1951
Year Built SourceAssessor

Exterior for 16885 Reed Street

Building Area Total2250.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, Yard
Lot Size Acres0.4154
Lot Size Area18095.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking1.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $1,100,000
MLS#PW24217123
List Date 10/18/2024
Property Type Multi-Family
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