16885 Reed St Fontana, CA 92336
Estimated payment $6,880/month
Highlights
- 0.42 Acre Lot
- No HOA
- Laundry Room
- Private Yard
- Cooling Available
- Heating Available
About This Home
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."
Co-Listing Agent
Kris Gunewardena
RE/MAX TOP PRODUCERS License #02073733
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,680
Year Built
- Built in 1951
Lot Details
- 0.42 Acre Lot
- 1 Common Wall
- Private Yard
- Back Yard
Parking
- 1 Car Garage
Home Design
- Triplex
Interior Spaces
- 2,250 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 75
- Tax Tract Number 1852
- Assessor Parcel Number 0190154170000
- $2,205 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,900
- Operating Expense $1,900
- Gross Income $46,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,680 | $680,849 | $284,134 | $396,715 |
| 2023 | $10,194 | $798,896 | $278,562 | $520,334 |
| 2022 | $10,080 | $783,231 | $273,100 | $510,131 |
| 2021 | $9,933 | $767,873 | $267,745 | $500,128 |
| 2020 | $7,713 | $513,060 | $178,500 | $334,560 |
| 2019 | $8,208 | $503,000 | $175,000 | $328,000 |
| 2018 | $5,275 | $369,141 | $145,110 | $224,031 |
| 2017 | $5,160 | $361,903 | $142,265 | $219,638 |
| 2016 | $5,003 | $354,806 | $139,475 | $215,331 |
| 2015 | $4,891 | $349,477 | $137,380 | $212,097 |
| 2014 | $4,853 | $342,631 | $134,689 | $207,942 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2025 05/01/25 | For Sale | $1,100,000 | 0.0% | $489 / Sq Ft |
| 04/30/2025 04/30/25 | Off Market | $1,100,000 | -- | -- |
| 10/18/2024 10/18/24 | For Sale | $1,100,000 | -- | $489 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Provident Title Company | |
| Gift Deed | -- | Provident Title Company | |
| Deed | -- | Provident Title Company | |
| Grant Deed | $760,000 | Wfg National Title Company | |
| Grant Deed | $503,000 | North American Title Company | |
| Interfamily Deed Transfer | -- | Orange Coast Title | |
| Grant Deed | $295,000 | Orange Coast Title | |
| Grant Deed | $225,000 | Orange Coast Title | |
| Grant Deed | $118,000 | Orange Coast Title | |
| Interfamily Deed Transfer | -- | Orange Coast Title | |
| Grant Deed | -- | First American Title Ins Co | |
| Trustee Deed | $152,655 | First American Title Ins Co | |
| Grant Deed | $144,000 | First American Title Ins Co | |
| Corporate Deed | $80,000 | First American Title Ins Co | |
| Trustee Deed | -- | American Title Ins Co | |
| Grant Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $492,558 | New Conventional | |
| Closed | $492,558 | New Conventional | |
| Previous Owner | $510,000 | New Conventional | |
| Previous Owner | $343,000 | New Conventional | |
| Previous Owner | $327,750 | Negative Amortization | |
| Previous Owner | $196,000 | No Value Available | |
| Previous Owner | $191,250 | No Value Available | |
| Previous Owner | $116,813 | FHA | |
| Previous Owner | $141,309 | FHA | |
| Previous Owner | $80,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24217123
APN: 0190-154-17
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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. Properties may or may not be listed by the office/agent presenting the information
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