10881 Oleander Avenue, Fontana, California 92337, Fontana, 92337 - 4 bed, 3 bath
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Fontana, California 92337
Analysis of 10881 Oleander Avenue, Fontana, California 92337 is currently available with a list price of $3,650,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Fontana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property was built in 1981, making it over 40 years old. While the description mentions an 'updated kitchen' and 'laminate flooring throughout' in the front home, and 'a few upgrades in the last two years' for the back duplex, there are no interior images provided to assess the quality, style, or recency of these updates, especially for the kitchen and bathrooms. Without visual confirmation, it's difficult to determine if these updates meet current standards or if they are merely cosmetic. The property is likely maintained but, given its age and the lack of detailed renovation information or interior photos, it's reasonable to assume some components may be outdated or show signs of wear, fitting the 'Fair' category.
The property's exceptional industrial zoning in San Bernardino County offers significant flexibility for various uses and potential for future development or expansion, enhancing its long-term value.
Comprising a main house, a duplex, and a converted garage studio, the property provides three distinct rental units, offering diversified income streams for an investor.
With a stated potential monthly gross income ranging from $6,000 to $7,000, the property presents a robust cash flow opportunity, making it highly attractive for income-focused investors.
All tenants are on month-to-month leases, and the front tenant manages the property. This arrangement presents risks related to tenant turnover, inconsistent management quality, and potential conflicts of interest, requiring immediate attention from a new owner.
The disclaimer 'information provided but not guaranteed' and the advice to 'check all information pertaining to permits and or building requirements' strongly suggest potential unpermitted conversions or compliance issues, which could lead to significant costs or legal liabilities.
The listing categorizes the property as 'Residential' and 'Single Family Residence' despite being 'industrial zoned' and having multiple units. This discrepancy could complicate financing, insurance, or future transactions and may require clarification or reclassification.
Significant price reduction ! Seller is open to offers ,owner financing and joint venture .This exceptional zoned industrial property in San Bernardino County is perfect for any investor. It features the main house and duplex on site, situated on an approximately 41,580 sq ft lot. The zoning regulations allow for various uses . Currently being used as a front residential home with back duplex and garage conversion. All tenants are on a month to month lease. Front home features 4Br. 2 Full baths. Family and living room. Kitchen has been updated. Laminate flooring throughout. Back duplex has had a few upgrades in the last two years. Garage has been converted to a studio apartment. Each unit has laundry hook ups. Front tenant manages and maintains the property and has an agreement with the owner .Total potential monthly gross income ranges from $6000-$7000 a month. All this information has been provided but not guaranteed. Buyer is advised to inspect property and check all information pertaining to permits and or building requirements.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,141 | 1,418 | 85% |
| Lot Size | 41,580 | 4,000 | 97% |
| Price | $3.65M | $586.5K | 99% |
| Price per sq ft | $1.7K | $421 | 99% |
| Built year | 1981 | 1987 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 466 | 168 | 0% |
Apr 2, 2026
$3,650,000
$3,750,000
-3% Price Drop
Initial Listing
Oct 24, 2025
$3,750,000
Initial Listing
Jan 11, 2025
$3,950,000
Initial Listing