16929 Reed, Fontana, California 92336, Fontana, 92336 - 6 bed, 4 bath
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Fontana, California 92336
This Multi-Unit Income Asset is listed at $1,050,000, representing a strategic acquisition positioned near its $1,000,170 Fair Market Value. Featuring a Condition Rating of 4, the property provides 3,020 square feet of living space across four units, supported by a history of regular upkeep and updated plumbing systems. Located within the Fontana Unified School District, the asset is ideally situated to capture high rental demand and minimize vacancy. This stable, income-producing property is a premier choice for Buy-and-Hold Investors or Owner-Occupants looking for a reliable investment in a high-growth corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16929 Reed Subject | $1,050,000* List Price | 6 | 4 | 3,020 | $331 | - |
A 16929 Reed Active | $1,050,000 List Price | 0 | 0 | 3,020 | $348 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this quadruplex is aged but appears to be maintained through regular upkeep. The exterior shows functional but dated features, such as window-mounted cooling units and older stucco finishes. While the grounds are tidy with artificial turf, the property lacks evidence of a recent full-scale renovation. In the absence of interior photos, the vintage construction and property analysis suggest that kitchens, bathrooms, and major systems are likely functional but show signs of being outdated and may require minor updates or repairs.
As a quadruplex, this property offers a high-demand investment opportunity in Fontana, allowing for multiple revenue streams and lower vacancy risk compared to single-family rentals.
With a total of 3,020 square feet across four units, the property provides ample living area for tenants, making it highly competitive in the local rental market.
Located within the Fontana Unified School District, the property is positioned to attract long-term tenants and families, contributing to lower turnover rates.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
Built in 1962, the property may require significant capital improvements or ongoing maintenance for aging plumbing, electrical, and roofing systems.
The listing price reflects a substantial increase from its 2021 sale price of $740,000, which may require a rigorous cap rate analysis to ensure the current rental income justifies the $1.05M valuation.
Exceptional opportunity in Fontana. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 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 | 7 | 159 | 50% |
Apr 15, 2026
$1,050,000
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