CA > Fontana
Fontana, CA 92336,16885 Reed ST
Fontana, CA 92336,16885 Reed ST
Fontana, CA 92336,16885 Reed ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,100,000
Est. payment /mo
0.42 Acres Lot
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UPDATED:

10/23/2024 03:43 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24217123

HOA Y/N No

Year Built 1951

Lot Size 0.415 Acres

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."

Location

State CA

County San Bernardino

Area 264 - Fontana

Interior

Interior Features All Bedrooms Down

Heating See Remarks

Cooling See Remarks

Fireplaces Type None

Fireplace No

Laundry See Remarks

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Connected, Sewer Connected

Total Parking Spaces 1

Private Pool No

Building

Lot Description Back Yard, Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 0190154170000

Acceptable Financing Cash, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Submit

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Carlos Ascencio • Re/Max Top Producers • 562-254-8677

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