17032 Malaga Street, Fontana, California 92336, Fontana, 92336 - 8 bed, 5 bath
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Fontana, California 92336
This property presents a High-Potential Investment Opportunity with a List Price of $1,290,000, positioned above the $1,213,032 Fair Market Value. While currently priced above market, the asset offers significant upside through its 28,314 sqft lot and high-density development potential for up to 25 units. With a Condition Rating of 3, the property provides stable cash flow from four existing tenants. This is a strategic acquisition for Buy-and-Hold Investors or Real Estate Developers seeking to leverage long-term growth in a high-demand logistics corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17032 Malaga Street Subject | $1,100,000* List Price | 8 | 5 | 3,819 | $307 | - |
A 17548 Court Street Active | $1,200,000 List Price | 7 | 6 | 3,857 | $311 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was originally built in 1946 but underwent a significant permitted remodel and addition in 2008 (approx. 16-18 years ago). It features functional systems including a newer sewer line and fire system, double-pane windows, and a mix of wood and tile flooring. While the interior aesthetics are dated, the property is professionally maintained and remains fully functional and 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 = 28314, living area = 3339.
The expansive 28,314 sqft lot offers a rare opportunity for high-density residential development, with the potential to build up to 25 units pending city verification.
The property is currently occupied by four tenants generating a steady monthly income of $5,341, providing an investor with immediate ROI and a proven rental history.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3339, other record living area = 2453. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 4.
The 'Drive-by only' restriction and tenant occupancy prevent immediate interior access, which may complicate the initial due diligence process for traditional buyers.
While the listing suggests high-density potential, the burden of verifying zoning compliance and unit maximums lies with the buyer, introducing a layer of regulatory uncertainty.
Premium location in city of Fontana,close Walmart and Shopping center,City hall,Library,School,Park,Restaurant etc.Close to Auto Club Speedway and brand new lager 6.6 million-square-foot logistics complex in 12 min. The area is comprised of a mix of commercial, industrial, and single family residences and condos. original built in 1946,but seller completed additional and remoled in 2008 with permitted. Wood and tile floor. Double pane Window. New sewer line and New fire system. Original Four family tenants occupied from 2009,total income $5341/month,can be increase every year now. Professional contractor property maintenance. There are new home developments and commercial developments in the area. You have potential developments to build maximum 25 units new home from this lot,please verify with City. DO NOT DISTURB TENANTS! TEXT YOUR BUSINESS CARD THEN TO SHOWING BACK YARD ! SUBJECT TO INSPECTION AND SELLER ACCEPT OFFER TO SHOW INSIDE! THANK YOU!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 4.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,819 | 1,946 |
| Lot Size | 28,314 | 6,000 |
| Price | $1.10M | $678.2K |
| Price per sq ft | $288 | $368 |
| Built year | 2008 | 1997 |
| HOA | $0 | $203 |
| Days on market | 44 | 53 |
Jul 21, 2026
$1,100,000
$1,250,000
-12% Price Drop
Initial Listing
Jun 28, 2026
$1,250,000
$1,290,000
-3% Price Drop
Initial Listing
Jun 8, 2026
$1,290,000
Initial Listing
May 4, 2007
$387,000
Public Record
Mar 30, 2006
$370,000
Public Record