8582 Wheeler 1, Fontana, California 92335, Fontana, 92335 - 3 bed, 2 bath
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Fontana, California 92335
This Dual-Unit Residential Asset is listed at $650,000, representing a strategic play within a Walkable Mixed-Use (WMXU) Zoning district and a federal Opportunity Zone. While the price sits above the $583,772 Fair Market Value, the premium is supported by the rare two-homes-on-one-lot configuration and a concrete patio near the Fontana Metrolink and Fontana Unified School District. Carrying a Condition Rating of 4, the 1920s structures offer significant value-add potential through modernization. This high-utility property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage multi-unit rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8582 Wheeler 1 Subject | $650,000* List Price | 3 | 2 | 1,332 | $438 | - |
A 16164 Orange Court Sold | $540,000 | 3 | 2 | 1,270 | $425 | 1.0 mi |
B 8621 Cypress Sold | $545,000 | 3 | 2 | 1,096 | $497 | 0.5 mi |
C 8582 Wheeler 1 Active | $650,000 List Price | 0 | 0 | 1,332 | $488 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1920, the property shows significant age but appears to have been maintained with some updates, such as vinyl windows on the rear unit and a newer concrete patio. The lack of interior photos and the listing's emphasis on 'opportunity' and 'investors' suggest that while the structures are functional, the kitchens and bathrooms are likely outdated and require modernization to meet current standards.
The property features two separate homes on a single lot, offering a rare opportunity for rental income, multi-generational living, or a live-work setup.
Zoned as Walkable Mixed-Use (WMXU) and situated within an Opportunity Zone, the property provides significant tax advantages and versatile development possibilities.
Located near downtown Fontana, the Metrolink station, and major public transportation, this site ensures high accessibility and convenience for commuters.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1332, other record living area = 852. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Built in 1920, the property likely requires significant modernization and maintenance to address aging structural, electrical, and plumbing systems.
The shared back porch area between the two dwellings limits resident privacy, which may be a drawback for certain tenants or buyers.
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 front 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 are located around the property, and public parking is 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 and fire department. 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. This is a great home with a guest house in the back for family or friends.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,332 | 1,307.5 | 51% |
| Lot Size | 4,800 | 8,242.5 | 3% |
| Price | $650.0K | $570.2K | 76% |
| Price per sq ft | $488 | $424 | 72% |
| Built year | 1920 | 1956 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 187 | 1% |
Apr 10, 2026
$650,000
Initial Listing
Jun 14, 2019
$322,000
Public Record