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17275 Reed Street, Fontana, California 92336, Fontana, 92336 - bed, bath

ACTIVE$1,239,000
17275 Reed Street, Fontana, California 92336
0Bed
0Bath
3,946Sqft
9,238Lot

Price Vs. Estimate

The estimated value ($1,151,396.77) is $87,603.23 (7%) lower than the list price ($1,239,000). This property may be overpriced.

Key pros and cons

Top Pros:
Multi-Unit Income Potential: The property features three separate legal units, offering significant income potential for investors.
Top Cons:
Limited Interior Access: Offers are subject to interior inspection only, potentially deterring buyers who prefer a thorough upfront assessment.

Compared to the nearby listings

Price:$1.24M vs avg $725.0K (+$514,000)98%
Size:3,946 sqft vs avg 2,060 sqft97%
Price/sqft:$314 vs avg $34535%

More Insights

Built in 2010 (15 years old).
Condition: The property was built in 2010, which is within the 10-20 year range for a 'Good' condition score. While the description mentions a recently converted JR ADU, the overall condition is difficult to assess without interior images. Assuming the main unit and other units are well-maintained and functional, a 'Good' score is appropriate. The property is likely move-in ready with minimal wear and tear, but without a full recent renovation.
Year Built
2010
Close
-
List price
$1.24M
Original List price
$1.24M
Price/Sqft
$314
HOA
-
Days on market
-
Sold On
-
MLS number
MB25169934
Home ConditionGood
Features
View-

About this home

submit offer subject to interior inspection only, Unit #1 consists of four bedrooms/three bathrooms, two story house with one bedroom and one-bathroom downstairs and is 2,622 sqft. Unit #2 offers two bedrooms/one bath with 788 sqft and one 240 sqft car garage single story unit and plenty of private yard. Unit #3 is JR ADU including two bedrooms/one bathroom on 481 sqft. All three units are legal with approved permits from the City of Fontana, the third unit was recently converted into the JR ADU, property comes with three mailboxes, three gas meters and Seller is currently working to add the third electrical meter.

Condition Rating
Good
The property was built in 2010, which is within the 10-20 year range for a 'Good' condition score. While the description mentions a recently converted JR ADU, the overall condition is difficult to assess without interior images. Assuming the main unit and other units are well-maintained and functional, a 'Good' score is appropriate. The property is likely move-in ready with minimal wear and tear, but without a full recent renovation.
Pros & Cons

Pros

Multi-Unit Income Potential: The property features three separate legal units, offering significant income potential for investors.
Newer Construction: Built in 2010, the property benefits from relatively modern construction standards and potentially lower maintenance costs compared to older properties.
ADU Potential: Includes a recently converted Junior Accessory Dwelling Unit (JR ADU), adding value and flexibility to the property.
Large Square Footage: Totaling 3,946 sqft across all units, the property provides ample living space for tenants.
Separate Utilities: The property has three mailboxes and three gas meters, with the seller working on adding a third electrical meter, simplifying utility management for each unit.

Cons

Limited Interior Access: Offers are subject to interior inspection only, potentially deterring buyers who prefer a thorough upfront assessment.
Tenant Occupied: The property is currently tenant-occupied, which may complicate the showing process and require careful coordination.
Unknown Interior Condition: The interior condition of the units is unknown until an offer is accepted and inspection is conducted, creating uncertainty for potential buyers.

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