16929 Reed, Fontana, California 92336, Fontana, 92336 - 0 bed, 0 bath
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Fontana, California 92336
This Turnkey Quadplex Asset is listed at $1,050,000, representing a premium income opportunity in the Fontana market compared to its $939,711 Fair Market Value. The property maintains a strong Condition Rating of 3 due to significant Upgraded Interiors featuring Quartz Countertops, tile flooring, and Updated Plumbing completed within the last five years. The asset provides a diversified unit mix and additional revenue streams from Four Garage Spaces and on-site laundry facilities. This stable, income-producing property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready multi-family investment.
Property is move-in ready.
The property has undergone significant interior renovations, featuring modern kitchens with stainless steel appliances, updated cabinetry, and stone countertops. The bathrooms have been refreshed with contemporary vanities and tiled showers. While the building was originally constructed in 1962, the units are move-in ready with updated laminate flooring and neutral paint, though the exterior and garage structures show some expected age-related wear.
The property features a balanced mix of two 1-bedroom and two 2-bedroom units, catering to a broad tenant base and minimizing vacancy risks.
Beyond standard rents, the inclusion of on-site laundry facilities and four dedicated garage spaces offers significant potential for additional monthly income.
As a fully-functional quadplex in a growing Fontana market, this asset provides a stable income-producing opportunity with long-term upside potential.
Originally constructed in 1962, the building may require more frequent maintenance or updates to aging systems compared to newer multi-family developments.
With a listing price substantially higher than its 2021 sale price, investors will need to carefully evaluate current market rents to ensure the Cap Rate meets their yield requirements.
4-unit Quadplex with over 3,000 sq ft of living space on an approximately 8,100 sq ft lot. The property offers a desirable unit mix of two 1 bed/1 bath units and two 2 bed/1 bath units, providing strong rental income ! UPDATED PLUMBING APPROX. 5 years ago!!!! UPGRADED INTERIORS - Tile Flooring in 3 Units, Upgraded Carpet in Remaining Unit, Upgraded Cabinets in Kitchen, Upgraded Quarts Counter Tops. Additional income is generated from on-site laundry facilities, helping offset operating expenses. The property also includes four garage spaces, offering valuable tenant amenities and potential added rental income. Well suited for investors seeking a stable, income-producing property with upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,020 | 3,452 | 50% |
| Lot Size | 8,100 | 9,400 | 50% |
| Price | $1.05M | $1.15M | 50% |
| Price per sq ft | $348 | $335 | 50% |
| Built year | 1962 | 1994 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 183 | 50% |
Mar 18, 2026
$1,050,000
$1,125,000
-7% Price Drop
Initial Listing
Feb 27, 2026
$1,125,000
Initial Listing
Aug 27, 2021
$740,000
Public Record
Apr 30, 2003
$265,000
Public Record
Apr 14, 2000
$165,000
Public Record
Nov 2, 1993
$165,000
Public Record