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16246 Arrow, Fontana, California 92335, Fontana, 92335 - 2 bed, 1 bath

16246 Arrow, Fontana, California 92335 home-pic-0
ACTIVE$580,000
16246 Arrow, Fontana, California 92335
2Beds
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
IG25271245
Home ConditionTear down
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 - 2(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
12/05/25
Listing
$580,000
09/06/05
Sold
$300,000
04/15/02
Sold
$104,000
Condition Rating
Tear down
Built in 1948, the property's age combined with the visible severe disrepair in the interior (extremely worn hardwood floors, dirty and matted carpets, damaged walls) indicates it is unlivable in its current condition. The listing itself suggests the main residence may require 'substantial renovation or demolition' and emphasizes the land's development potential, reinforcing that the existing structure holds little value and is likely beyond practical repair for modern living.
Pros & Cons

Pros

Development Potential: The large 15,600 sq.ft. lot and mixed-use zoning offer significant potential for developers to build commercial units, multi-unit condos, or apartments.
Mixed-Use Zoning & Flexible Use: The property's mixed-use designation allows for diverse applications, including residential, office, commercial, or multi-unit development, providing broad investment appeal.
Prime Location & Accessibility: Strategically located minutes from downtown with easy access to I-10 and I-210 Freeways, and adjacent to a newly developed multi-unit complex, enhancing its future growth prospects.
Immediate Rental Income: The converted 3-car garage into rental units provides an immediate income stream, contributing to the property's investment viability.
Large Lot Size: The expansive 15,600 sq.ft. lot provides ample space for significant expansion, redevelopment, or multiple uses, which is a key asset for an investment property.

Cons

Unpermitted Structures: A second room was added without a permit, and the 3-car garage was converted into rental units, which may also lack proper permits, requiring buyer verification and potential remediation.
Age of Main Residence: Built in 1948, the primary 2-bed, 1-bath home is significantly older, likely necessitating substantial renovation or demolition for modern development standards.
Buyer Due Diligence Required: The listing explicitly states that the buyer must verify compliance with the City regarding unpermitted additions, indicating potential legal or financial hurdles that require careful investigation.

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