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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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    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#: PW24217123MLS LogoOriginating 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

    DateEventPrice
    7/3/2025Sold$900,000-18.2%$400/sqft
    Source: CRMLS #PW24217123
    5/1/2025Contingent$1,100,000$489/sqft
    Source: CRMLS #PW24217123
    5/1/2025Listed for sale$1,100,000+44.7%$489/sqft
    Source: CRMLS #PW24217123
    1/16/2020Sold$760,000+0%$338/sqft
    Source: CRMLS #WS19249943
    11/21/2019Pending sale$759,900$338/sqft
    Source: Coldwell Banker George Realty #WS19249943

    Public tax history

    YearProperty taxesTax 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
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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