2 months on rocket

16885 Reed St, Fontana, CA, 92336

$1,100,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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16885 Reed St, Fontana$1,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Garage1 space
Year Built1951
HeatingOther
CoolingOther
FireplaceNone
MLS #PW24217123
Lot Size0.42 Acres
StatusActive

About 16885 Reed St

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."

Property Details

Property Features

Property Information:

  • Year Built: 1951
  • Stories: 1

Listing Office:

  • Office Name: Re/Max Top Producers
  • Office Phone: (562) 254-8677
  • Listing Agent: Carlos Ascencio

Interior Features

Interior Information:

  • Interior: All Bedrooms Down
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space

Lot Features

Lot Information:

  • Lot: Back Yard
  • Lot Size: 0.42 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: Corner of Sierra AVe and Reed Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000
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Housing Market Comparison

See how this home compares to others in Fontana, CA.

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Fontana, CA

City

Med. Sold Price

$637.1K

Med. Price/SqFt

$359

Avg. Days On Market

28

# of Sold Homes

93

16885 Reed St vs Fontana

64 DAYS ON ROCKET

+36 Days

$1,100,000

+$462.8K More

KEY TAKEAWAY

This property is $462.8K more than the Median Sold Price in Fontana, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24217123

Listing Office:

  • Office Name: Re/Max Top Producers
  • Office Phone: (562) 254-8677
  • Listing Agent: Carlos Ascencio

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 1:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$5,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,364

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-840533
3
/10

  • Juniper Elementary School

  • 7655 Juniper Ave

  • 0.43 miles

  • Public District Grades KG-5

school-card-donut-840534
3
/10

  • Mango Elementary School

  • 7450 Mango Ave

  • 0.66 miles

  • Public District Grades KG-5

school-card-donut-840535
3
/10

  • North Tamarind Elementary School

  • 7961 Tamarind Ave

  • 0.81 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,962. Typical income of Fontana, CA residents is between $35k-100k annually. The majority of families are married, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Fontana, CA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Fontana, CA?

Fontana's housing market is diverse, offering a range of options from single-family homes to multi-family units. The architectural styles vary, with a noticeable presence of contemporary and ranch-style homes. The housing landscape is primarily composed of single-family residences, with a homeownership rate that reflects a community invested in long-term residency. The area has seen growth with new housing developments, complementing the existing homes that largely date back to the late 20th century.

Is Fontana, CA a good place to live?

Fontana prides itself on a vibrant community spirit, underscored by events like the Fontana Days Festival and the local farmers' market. The city's character is defined by its family-friendly atmosphere and a strong sense of local pride. Recreational areas and community parks contribute to the city's inviting ambiance, offering residents a place to gather and enjoy outdoor activities.

Are things conveniently located in Fontana, CA?

The city is served by a robust educational system, including numerous public schools across all levels and a selection of private institutions, some with religious affiliations. Healthcare is accessible through several clinics and a regional hospital that provides comprehensive services. Fontana's public library system supports the community's educational and cultural needs. Retail and dining options are plentiful, reflecting the local culture and catering to a variety of tastes.

What does the transportation in Fontana, CA look like?

Fontana's transportation infrastructure supports both private and public transit options. The city's road network includes convenient access to major highways, facilitating travel and commuting. Public transportation services are available, with bus routes connecting key areas of the city. While ride-sharing services are operational, the frequency and coverage may vary. The city is also making strides to improve walkability and bikeability in several neighborhoods, enhancing the overall accessibility for residents.

Rocket Homes›California›San Bernardino County›Fontana›92336›16885 Reed St

This home is located at 16885 Reed St in Fontana, CA and zip code 92336. This home, which was built in 1951, sits on a 0.42 acre lot. It has been listed on Rocket Homes since October 19, 2024 and is currently priced at $1,100,000.

In November 2024, from all listings sold in Fontana, CA there were more than 42 sold above asking price, over 30 sold below and more than 21 were sold right at the asked price. In November 2024 in Fontana, CA there were 14.5% less homes for sale than in October 2024. In November 2024 median list price was $637,141 and the average listing age was 28 days.

From Rocket Homes Real Estate and based on county public records data.

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