7625 Cypress Avenue, Fontana, California 92336, Fontana, 92336 - 3 bed, 1 bath
ACTIVE$2,600,000
7625 Cypress Avenue, Fontana, California 92336
3Beds
1Bath
2,677Sqft
182,516Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 182516, living area = 2677.
Top Cons:
Extended Market Duration: The property has been on the market since August 2017 (over 7 years), suggesting potential challenges with pricing, market appeal, or underlying issues that have deterred buyers.
Compared to the nearby listings
Price:$2.60M vs avg $725.0K (+$1,875,000)100%
Size:2,677 sqft vs avg 2,060 sqft76%
Price/sqft:$971 vs avg $346100%
More Insights
Built in 1946 (79 years old).
Condition: The property was built in 1946, making it over 70 years old. The listing explicitly markets it as a 'PERFECT OPPORTUNITY FOR DEVELOPMENT' with 'DBA REVIEWED FOR 19 homes to be built,' and the property analysis notes the 'Age and Condition of Existing Structures' as a weakness, stating they are 'likely outdated and may require substantial renovation or demolition.' The single exterior image shows a neglected and unmaintained appearance. While there are tenants, the primary value is clearly in the land for redevelopment, indicating the existing structures are beyond practical repair or significant renovation for modern living standards.
Year Built
1946
Close
-
List price
$2.6M
Original List price
$2.2M
Price/Sqft
$971
HOA
-
Days on market
-
Sold On
-
MLS number
IV17182235
Home ConditionTear down
Features
ViewNeighborhood
About this home
PERFECT OPPORTUNITY FOR DEVELOPMENT WITH THIS 4.56 PARCEL. DBA REVIEWED FOR 19 homes to be built. There are two parcel to total the 4.56. There are 3 houses with tenants in some. Potential for income or development to sell. Please call to discuss!!!
Condition Rating
Tear down
The property was built in 1946, making it over 70 years old. The listing explicitly markets it as a 'PERFECT OPPORTUNITY FOR DEVELOPMENT' with 'DBA REVIEWED FOR 19 homes to be built,' and the property analysis notes the 'Age and Condition of Existing Structures' as a weakness, stating they are 'likely outdated and may require substantial renovation or demolition.' The single exterior image shows a neglected and unmaintained appearance. While there are tenants, the primary value is clearly in the land for redevelopment, indicating the existing structures are beyond practical repair or significant renovation for modern living standards.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 182516, living area = 2677.
Significant Development Potential: The property is explicitly marketed as a 'PERFECT OPPORTUNITY FOR DEVELOPMENT' with a 'DBA REVIEWED FOR 19 homes to be built,' indicating high potential for a residential project.
Expansive Land Parcel: Comprising 4.56 acres across two parcels, this large lot offers ample space for a substantial development project in a growing area.
Existing Income Stream: With '3 houses with tenants in some,' the property provides immediate rental income, offering financial support during the planning and approval phases of development.
Strategic Location: Situated in Fontana, a city within the Inland Empire known for its growth and demand for housing, making it an attractive location for new residential developments.
Flexibility of Multiple Parcels: The property consists of two separate parcels, which could offer strategic flexibility for phased development, financing, or potential future subdivision.
Cons
Extended Market Duration: The property has been on the market since August 2017 (over 7 years), suggesting potential challenges with pricing, market appeal, or underlying issues that have deterred buyers.
Uncertainty of Development Approval: While 'DBA REVIEWED FOR 19 homes' is mentioned, this does not equate to full approval. Significant time and cost may still be required for final permits, zoning changes, and environmental reviews.
Age and Condition of Existing Structures: The existing houses were built in 1946, indicating they are likely outdated and may require substantial renovation or demolition, adding to the overall development cost and complexity.