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16885 Reed St, Fontana, CA 92336

Sale Price: $900,000
Oct 18, 20242,250 sqft5 beds2 baths
Listed by: Carlos Ascencio
License #: 01324790
Phone #: 909-590-8853
Re/Max Top Producers
Source:
CRMLS Logo
MLS #: PW24217123

Property 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 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."
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$15,003

TurboHome Estimated Value

$1,050,100

$467 sqft

High Valuation
$1,102,605
$490/sqft
Normal Valuation
$1,050,100
$467/sqft
Low Valuation
$997,595
$443/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$467/sqft$1,050,100

Neighborhood

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Comparative Value

$685K

$725K

$749K

$900K

$1.10M

17311 Blossom Ct, Fontana, CA 92336

Sale Price: $685,000

Selected Comparable

7430 Estero Way, Fontana, CA 92336

Sale Price: $692,000

Selected Comparable

16759 Yellow Fern Ln, Fontana, CA 92336

Sale Price: $725,000

Selected Comparable

16931 Bayou Ln, Fontana, CA 92336

Sale Price: $749,000

Selected Comparable

16885 Reed St, Fontana, CA 92336

Sale Price: $900,000

Selected Comparable

16885 Reed St, Fontana, CA 92336

List Price: $1,100,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
16885 Reed St, Fontana, CA 92336

16885 Reed St, Fontana, CA 92336

List: $1,100,000

Listed: 10/18/2024

Area:2,250 sqft
Price/sqft:$489
Beds:5
Baths:2
Year Built:
Lot Size:18,095

Comparable Properties

COMPARABLE
Choose comps
16885 Reed St, Fontana, CA 92336

16885 Reed St, Fontana, CA 92336

Sale: $900,000

7/3/20250.00 mi

Area:2,250 sqft
Price/sqft:$400
Beds:5
Baths:2
Year Built:
Weight:27.5%
16931 Bayou Ln, Fontana, CA 92336

16931 Bayou Ln, Fontana, CA 92336

Sale: $749,000

5/1/20250.51 mi

Area:2,420 sqft
Price/sqft:$310
Beds:5
Baths:3
Year Built:
Weight:20.9%
7430 Estero Way, Fontana, CA 92336

7430 Estero Way, Fontana, CA 92336

Sale: $692,000

11/18/20240.73 mi

Area:2,105 sqft
Price/sqft:$329
Beds:4
Baths:2
Year Built:
Weight:18.0%
16759 Yellow Fern Ln, Fontana, CA 92336

16759 Yellow Fern Ln, Fontana, CA 92336

Sale: $725,000

7/15/20250.91 mi

Area:2,188 sqft
Price/sqft:$331
Beds:4
Baths:3
Year Built:
Weight:17.8%
17311 Blossom Ct, Fontana, CA 92336

17311 Blossom Ct, Fontana, CA 92336

Sale: $685,000

10/23/20240.75 mi

Area:2,210 sqft
Price/sqft:$310
Beds:4
Baths:3
Year Built:
Weight:15.7%

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