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16246 Arrow Boulevard, Fontana, California 92335, Fontana, 92335 - 1 bed, 1 bath

16246 Arrow Boulevard, Fontana, California 92335 home-pic-0
ACTIVE$580,000
16246 Arrow Boulevard, Fontana, California 92335
1Bed
1Bath
748Sqft
15,600Lot
Year Built
1948
Close
-
List price
$580K
Original List price
$580K
Price/Sqft
$775
HOA
-
Days on market
-
Sold On
-
MLS number
IG25255438
Home ConditionPoor
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $580.0K(50th), sqft - 748(50th), beds - 1(50th), baths - 1(50th).

Incredible Investment Opportunity! This mixed-use property, offers excellent potential at an unbeatable price. Located next to a newly developed multi-unit apartment complex, this property includes a 2 bed, 1 bath home on a large 15,600 sq.ft. lot. Second room added without permit. Buyer to verify compliance with the City. The 3-car garage has been converted into rental units, providing immediate income. Whether you're looking to live in the home, rent it out, or convert it into office or commercial space, the possibilities are endless. This property is a great option for developers interested in building commercial units, multi-unit condos, or apartments. Prime Location: Just minutes from downtown with easy access to I-10 and I-210 Freeways, this is an ideal spot for future growth and development. Don’t miss out on this unique opportunity to capitalize on a property with both immediate rental income and long-term investment potential!

Price History

Date
Event
Price
11/06/25
Listing
$580,000
09/06/05
Sold
$300,000
04/15/02
Sold
$104,000
Condition Rating
Poor
Built in 1948, the property's age is a significant factor, with the listing itself noting 'Age of Main Residence' as a weakness, implying outdated systems and deferred maintenance. While the bathroom shows some minor updates like a newer vanity, flooring, and recessed lighting, these appear to be piecemeal and do not reflect a comprehensive renovation of the entire structure. The exterior image depicts an old, basic house with minimal upkeep. The presence of an 'unpermitted addition' further suggests potential issues requiring substantial repairs and rehabilitation to meet current standards. The property's primary value is clearly positioned for its land and development potential, rather than the condition of the existing residence.
Pros & Cons

Pros

Mixed-Use & Development Potential: The property is explicitly designated as mixed-use on a substantial 15,600 sq.ft. lot, offering significant potential for developers to build commercial units, multi-unit condos, or apartments.
Immediate Rental Income: The converted 3-car garage into rental units provides an immediate and established income stream, enhancing the property's financial viability from day one.
Strategic Location & Accessibility: Positioned minutes from downtown Fontana with excellent access to I-10 and I-210 Freeways, the location is prime for future growth and development, further bolstered by a neighboring new multi-unit complex.
Versatile Property Use: The property offers exceptional flexibility, suitable for owner-occupancy, continued rental, or conversion into office/commercial space, appealing to a broad range of investors and end-users.
Mountain Views: The property benefits from desirable mountain views, adding an aesthetic appeal that can enhance its market value and desirability.

Cons

Unpermitted Addition: A second room was added without a permit, requiring the buyer to verify compliance with the City, which could lead to potential legal issues, fines, or costly remediation.
Age of Main Residence: Built in 1948, the primary residence is an older structure, suggesting potential for outdated systems, deferred maintenance, or the need for significant capital investment for modernization.
Small Main Residence Footprint: The main home's relatively small size at 748 sq.ft. may limit its appeal for owner-occupancy or command lower rental rates for the residential unit itself, shifting the primary value focus to the land and income-generating garage conversions.

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