8582 Wheeler 1, Fontana, California 92335, Fontana, 92335 - 0 bed, 0 bath
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8582 Wheeler 1
Fontana, California 92335
ACTIVE
CONDITION: POOR
0Beds
0Baths
1,332Sq Ft
4,800Lot Size
Property Price
LIST PRICE$625,000
EST. MARKET VALUE
$625,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $625,000, aligning with its $625,000 Fair Market Value. Featuring a Dual-Unit Configuration on a single lot, this WMXU-zoned asset offers significant flexibility for commercial or residential use. With a Condition Rating of 5, the property requires capital investment to modernize its aging infrastructure. Its prime location near downtown Fontana and the train station ensures strong long-term demand. This is an ideal acquisition for Buy-and-Hold Investors or creative entrepreneurs seeking a live-work setup.
Estimated Market Value
$625,000
Based on Realkey algorithm analyzing recent comparable sales in Fontana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8582 Wheeler 1 Subject | $625,000* List Price | 0 | 0 | 1,332 | $469 | - |
A 8582 Wheeler 1 Active | $625,000 List Price | 3 | 2 | 1,332 | $469 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1920 with no evidence of a comprehensive renovation in the last 30 years. While the property is currently occupied, the images show dated cabinetry, old windows, and haphazardly maintained exterior systems. The listing's emphasis on 'investors' and 'creative thinkers' indicates the property requires a significant rehab to address its age and condition.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Configuration
The property features two separate homes on a single lot, providing an excellent opportunity for rental income, multi-generational living, or a live-work setup.
- Strategic Mixed-Use Zoning
Zoned as WMXU (Walkable Mixed-Use) and located in an Opportunity Zone, this property offers significant tax incentives and flexibility for both residential and commercial applications.
- Prime Downtown Location
Situated near downtown Fontana, the property boasts high walkability to the train station, city hall, and local business shops, ensuring long-term demand and convenience.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1332, other record living area = 852.
- Aging Infrastructure
Originally built in 1920, the structures may require substantial capital investment for modern upgrades, repairs, and system replacements to meet current standards.
- Extended Market Time
With 180 days on the market and a recent price reduction, the property may face challenges regarding its perceived value relative to its current condition or local market trends.
About 8582 Wheeler 1
Opportunity awaits. Located in the city of Fontana, 2 Homes on 1 lot near downtown Fontana. The front house has 2 bedrooms, 1 bath, a small porch, a gated front yard, and includes a separate conversion/back house; the back porch area is shared with the back house. The back house has 1 bedroom and 1 bath, plus a small office space. A one-of-a-kind spot to do more than just live. Business shops around the property, and public parking right next door. Great location near shopping, public transportation, a train station, a nearby middle school, a post office, city hall offices, and community centers. Property zoned WMXU- walkable mixed-use, and is in the opportunity zone. This home offers a great opportunity, making it perfect for investors or buyers seeking a strong investment. This is also a great opportunity for creative thinkers to provide services to the local community and live on-site.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 4,800 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.8 |
| Baths | 0.0 | 2.7 |
| Square foot | 1,332 | 1,858.303 |
| Lot Size | 4,800 | 6,516.72 |
| Price | $625.0K | $679.9K |
| Price per sq ft | $469 | $363 |
| Built year | 1920 | 1996 |
| HOA | $0 | $183 |
| Days on market | 191 | 54 |
Pricing History
Listed for Sale
May 16, 2026
$625,000
$650,000
-4% Price Drop
Initial Listing
Price Change
Mar 2, 2026
$650,000
Initial Listing
Sold
Jun 14, 2019
$322,000
Public Record