16885 Reed Street

Fontana, CA 92336

$1,100,000
Price
3
Beds
3
Baths
2,250 Sq. Ft.
$489 / Sq. Ft.
2,250
Sq. Ft.
$489
per Sq. Ft.

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 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...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."
  1. Listed by Carlos Ascencio • DRE #01324790 • Brokerage DRE #01526842 • Re/Max Top Producers • 562-254-8677
  2. Listed by Krisante Gunewardena • DRE #02073733 • Brokerage DRE #01526842 • RE/MAX TOP PRODUCERS

Property Details for 16885 Reed Street

Parking Spaces Total
1
Private Pool
No
Cooling Type
Other/Remarks
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2250
Assessor Parcel Number
0190-154-17-0000
LISTING UPDATED: 10/23/2024 01:42 AM

Property Details for 16885 Reed Street

StatusActive
MLS #PW24217123
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.42 AC / 18,095 SF
CountySan Bernardino County

Building Information for 16885 Reed Street

Stories1Residences-Year Built1951Building Size-Lot Size0.42 AC / 18,095 SF

Property Information for 16885 Reed Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $46,200
  • Gross Scheduled Income: $46,200
  • Net Operating Income: $0
Expense Details
  • Operating Expense: $0
  • Insurance Expense: $1,900
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $1,900
Tax / Assessment Info
  • Tax Tract Number: 1852
  • Tax Census Tract: 28.01
  • CFD/Mello-Roos Fee: $2,205
  • Tax Lot: 75
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: See Remarks
  • Heating Type: Other
  • Heating: See Remarks
  • Heat Equipment: Other/Remarks
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Yard
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected
  • Electric: Electricity Connected, Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,320
  • Unit Type Total Rent: $1,320
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,150
  • Unit Type Total Rent: $1,150
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,375
  • Unit Type Total Rent: $1,375
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 16885 Reed Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16885 Reed Street

Taxable ValueLand$284,134Additions$396,715Total$680,849
Tax Record2024$8,680 ($723 / month)
Home Facts
Total Finished SqFt2,274 SqFtAbove Grade Finished SqFt2,274 SqFtLot Size18,095 SqFtStyleTriplexYear Built1951CountySAN BERNARDINOAPN0190-154-17-0000

Schools near 16885 Reed Street

This home is within Fontana Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Juniper Elementary School
PublicK to 5

Almeria Middle School
Public6 to 8

Fontana A. B. Miller High School
Public9 to 12

Citrus High (Continuation) School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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16885 Reed Street is a multi-family home for sale in Fontana, CA 92336. This property was listed for sale on October 16, 2024 by Re/Max Top Producers, it's currently listed at $1,100,000. It has been on the market for a total of 36 days and was last sold on December 11, 2019. This listing's school district is Fontana Unified School District. Nearby schools include Juniper Elementary School, Almeria Middle School and Fontana A. B. Miller High School. 16885 Reed Street is a 3-bed, 3-bath, 2,250 sqft multi-family home built in 1951.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max Top Producers, Carlos Ascencio, DRE #01324790; RE/MAX TOP PRODUCERS, Krisante Gunewardena, DRE #02073733

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.