16885 Reed Street

Fontana, CA 92336

$1,100,000

List Price

N/A

bed Beds

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shower Baths

N/A sqft

straighten / sqft

1951

calendar_month Built

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."

Listing Information

List Price $1,100,000
Status Active
MLS PW24217123
HOA $0
Type Residential Income
Subtype Triplex
Year Built 1951
Lot Size 18,095
Structure Size N/A
DOM 47
Courtesy Of Re/Max Top Producers
Listing Agent Carlos Ascencio DRE#01324790
Co-Listing Agent Krisante Gunewardena DRE#02073733

Interior Features

Laundry Information
Location(s) See Remarks
Bedroom Information
Features All Bedrooms Down
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Additional Information
Additional Features All Bedrooms Down
Cooling Type
Cooling Type See Remarks

Exterior Information

Maps

Listing information courtesy of: Carlos Ascencio, Krisante Gunewardena, Re/Max Top Producers . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 5:23 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.