16329 Elaine, Fontana, California 92336, Fontana, 92336 - 4 bed, 2 bath
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Fontana, California 92336
This Value-Add Residential Asset represents a strategic entry into the Fontana market, listed at $599,000. While currently positioned above the $536,634 Fair Market Value, the price reflects the premium of an expansive 8,775 Sq. Ft. Lot with significant ADU Potential. Holding a Condition Rating of 5, the 4-bedroom structure requires a full-scale renovation to reach its peak valuation. Located in the Fontana Unified School District and featuring a private patio, this project is a high-upside acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16329 Elaine Subject | $599,000* List Price | 4 | 2 | 1,425 | $377 | - |
A 16733 Miller Avenue Sold | $615,888 | 3 | 2 | 1,644 | $375 | 0.6 mi |
B 7541 Catawba Drive Sold | $661,000 | 4 | 3 | 1,624 | $407 | 0.6 mi |
C 7938 Chantry Avenue Sold | $505,000 | 3 | 2 | 1,479 | $341 | 0.6 mi |
D 7640 Concord Avenue Sold | $610,000 | 3 | 2 | 1,267 | $481 | 0.5 mi |
E 7603 Date Street Active | $499,999 List Price | 3 | 2 | 1,410 | $355 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1981, this property is explicitly marketed as a 'diamond in the rough' that requires a 'tool belt' and 'significant renovation.' The listing's emphasis on 'endless potential' and being sold 'as-is' strongly indicates that the interior, including the kitchen and bathrooms, requires substantial rehabilitation. Exterior images show signs of deferred maintenance, a cluttered yard, and aged structures, fitting the criteria for a property needing major repairs to be move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8775, living area = 1425.
The oversized 8,775 sq. ft. lot provides significant space for a pool, workshop, or an Accessory Dwelling Unit (ADU), offering excellent value-add and income potential.
With 4 bedrooms and 2 bathrooms, the functional floor plan is well-suited for growing families or as a high-demand rental property once renovated.
The property is described as needing a 'tool belt' and vision, indicating that substantial repairs and cosmetic updates are necessary before it is move-in ready.
Being sold strictly as-is limits financing options for some buyers and places the full burden of immediate repairs and potential structural or system upgrades on the purchaser.
HUGE LOT & ENDLESS POTENTIAL IN FONTANA! Bring your tool belt and your vision to this 4-bedroom, 2-bathroom diamond in the rough! Spanning 1,425 sq. ft. of living space, this home offers a functional layout ready for a modern transformation. The standout feature is the massive 8,775 sq. ft. lot, providing ample room for a pool, workshop, or a potential Accessory Dwelling Unit (ADU) for extra income. Sold as-is—don't miss this opportunity to create a custom masterpiece!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 20% |
| Square foot | 1,425 | 2,091 | 12% |
| Lot Size | 8,775 | 5,969.5 | 88% |
| Price | $599.0K | $718.2K | 8% |
| Price per sq ft | $420 | $350 | 83% |
| Built year | 1981 | 2004 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 177 | 0% |
Mar 21, 2026
$599,000
Initial Listing
Nov 6, 2006
$366,000
Public Record
Jan 29, 1997
$94,500
Public Record