$699,000

9023 Olive St Fontana, CA 92335

Estimated payment $4,240/month

Total Views 5,326
1 Bed
2 Baths
1,048 Sq Ft
$667 Price per Sq Ft

Highlights

  • Auto Driveway Gate
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 0.43 Acre Lot
  • Cul-De-Sac
  • Laundry Room

About This Home

It's rare to find a Duplex with almost Half of an Acre lot size located centrally in Fontana - the value is in the land. It is ideal for an investor or general contractor/owner-builder. Great opportunity to own a duplex with a possibility to live in one, rent the other and build additional living space. Excellent investment opportunity with a lot of almost 20k Square Feet. Unit #1 features a 1 bedroom, 1 full bath and access to a single car garage in back yard area. Unit #2 is a Studio with 1 full bath and a kitchen area. Both units are currently tenant occupied. Expansion ideas: Extend each unit to add 1 Master bedroom suite and convert the Garage to 1Bed/1Bath for extra income. They can earn rental income while potentially have 4 rental incomes. This duplex is located in the heart of Fontana with easy access to 2 major freeways: 210 freeway and 10 freeway. Located close to schools, hospitals, parks, major shopping centers and restaurants. Must see to view to see the potential with the large lot it has. All buyers must verify all information and diligence with City of Fontana.

Listing Agent

Carolina Hidalgo

MAINSTREET REALTORS Brokerage Phone: 909-418-8062 License #01798949 Listed on: 06/30/2025

MAINSTREET REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,175

Year Built

  • Built in 1947

Lot Details

  • 0.43 Acre Lot
  • 1 Common Wall
  • Cul-De-Sac
  • No Landscaping
  • Level Lot

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway
  • Auto Driveway Gate
  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,048 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Gas Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 14 / 1
  • Tax Tract Number 31
  • Assessor Parcel Number 0193151170000
  • $1,355 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,200
  • Insurance Expense $1,800
  • Trash Expense $480
  • Water Sewer Expense $2,280
  • Operating Expense $26,900
  • Gross Income $26,900
  • Net Operating Income $26,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,175

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 349500
  • Property Attached: Yes
  • Water Sewer Expenses: 2280.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 0193151170000
  • Year Built: 1947
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Front Door and Side door
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 666.98

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Driveway, Garage, Gated, Off Street, On Site
  • Total Parking Spaces: 1.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Appliances: Gas Range
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Lot 10000-19999 Sqft, Level, No Landscaping
  • Lot Size Sq Ft: 18900.00
  • Lot Size Acres: 0.4339

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 2200.00
  • Gross Income: 26900.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 18900.0000 Square Feet
  • Net Operating Income: 26900.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1900.00
  • Rent Control: No
  • Total Actual Rent: 2400.00
  • Total Expenses: 26900.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 31.02
  • Tax Lot: 14
  • Tax Tract Number: 31.02
  • TaxOtherAnnualAssessmentAmount: 1355.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $5,175 $389,675 $204,580 $185,095
2024 $5,175 $382,035 $200,569 $181,466
2023 $4,583 $374,544 $196,636 $177,908
2022 $4,542 $367,200 $192,780 $174,420
2021 $946 $30,571 $6,757 $23,814
2020 $1,446 $30,258 $6,688 $23,570
2019 $915 $29,665 $6,557 $23,108
2018 $886 $29,083 $6,428 $22,655
2017 $841 $28,513 $6,302 $22,211
2016 $793 $27,953 $6,178 $21,775
2015 $762 $27,533 $6,085 $21,448
2014 $743 $26,994 $5,966 $21,028
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2025 07/27/25 Price Changed $699,000 -6.7% $667 / Sq Ft
06/30/2025 06/30/25 Price Changed $749,000 +7.2% $715 / Sq Ft
06/30/2025 06/30/25 For Sale $699,000 +91.5% $667 / Sq Ft
04/23/2021 04/23/21 Sold $365,000 -6.4% $182,500 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
09/23/2020 09/23/20 For Sale $390,000 -- $195,000 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $360,000 Lawyers Title Vn
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

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    • 16748 Athol St
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    Carolina Hidalgo MAINSTREET REALTORS

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25146267

California Regional Multiple Listing Service (CRMLS)

APN: 0193-151-17