Sold for $900,000 on 07/03/25
Listing Provided by:
Carlos Ascencio DRE #01324790 562-254-8677,
Re/Max Top Producers,
Co-Listing Agent: Krisante Gunewardena DRE #02073733,
RE/MAX TOP PRODUCERS
Bought with: Crown Realty and Finance, Inc.
$900,000
16885 Reed St, Fontana, CA 92336
3beds
3baths
2,250sqft
Triplex
Built in 1951
-- sqft lot
$885,300 Zestimate®
$400/sqft
$2,608 Estimated rent
Home value
$885,300
$788,000 - $983,000
$2,608/mo
Zestimate® history
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Owner options
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What's special
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."
Zillow last checked: 8 hours ago
Listing updated: July 03, 2025 at 03:30pm
Listing Provided by:
Carlos Ascencio DRE #01324790 562-254-8677,
Re/Max Top Producers,
Co-Listing Agent: Krisante Gunewardena DRE #02073733,
RE/MAX TOP PRODUCERS
Bought with:
Ramya Sundararaman, DRE #01992812
Crown Realty and Finance, Inc.
Source: CRMLS,MLS#: PW24217123
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Bedroom
- Features: All Bedrooms Down
Heating
- See Remarks
Cooling
- See Remarks
Appliances
- Laundry: See Remarks
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,250
- Total interior livable area: 2,250 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 0.42 Acres
- Features: Back Yard, Yard
Details
- Parcel number: 0190154170000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1951
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected
Community & neighborhood
Community
- Community features: Street Lights, Sidewalks
Location
- Region: Fontana
HOA & financial
Other financial information
- Total actual rent: 3850
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange,Submit
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2025 | Sold | $900,000-18.2%$400/sqft |
Source: | ||
| 5/1/2025 | Contingent | $1,100,000$489/sqft |
Source: | ||
| 5/1/2025 | Listed for sale | $1,100,000+44.7%$489/sqft |
Source: | ||
| 1/16/2020 | Sold | $760,000+0%$338/sqft |
Source: | ||
| 11/21/2019 | Pending sale | $759,900$338/sqft |
Source: Coldwell Banker George Realty #WS19249943 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,355 +7.8% | $694,466 +2% |
| 2024 | $8,680 -14.9% | $680,849 -14.8% |
| 2023 | $10,194 +1.1% | $798,896 +2% |
Find assessor info on the county website
Neighborhood: 92336
Nearby schools
GreatSchools rating
- 5/10Juniper Elementary SchoolGrades: K-5Distance: 0.4 mi
- 4/10Almeria Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Fontana A. B. Miller High SchoolGrades: 9-12Distance: 1.6 mi
Get a cash offer in 3 minutes
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Estimated market value
$885,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$885,300