8582 Wheeler 1, Fontana, California 92335, Fontana, 92335 - bed, bath
8582 Wheeler 1
Fontana, California 92335
Property Price
SUMMARY
Analysis of 8582 Wheeler 1, Fontana, California 92335 reveals a Fairly Priced Property with a current list price of $650,000 aligned with the estimated $633,492 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Fontana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8582 Wheeler 1 Subject | $650,000* List Price | 1,332 | $476 | - | ||
A 8621 Cypress Sold | $545,000 | 3 | 2 | 1,096 | $497 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1920, the property is aged but shows evidence of regular maintenance and minor cosmetic updates, such as laminate flooring and painted kitchen cabinets. The kitchen and bathrooms feature dated styles, older appliances, and basic fixtures. While the home appears functional and habitable, it lacks a comprehensive modern renovation and likely requires updates to major systems due to its significant age.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
The property features two separate residences on a single lot, including a 2-bedroom front house and a 1-bedroom back house, offering excellent opportunities for rental income or multi-generational living.
- Strategic Zoning and Incentives
Zoned as WMXU (Walkable Mixed-Use) and situated within an Opportunity Zone, this property offers significant tax advantages for investors and versatile future development potential.
- Transit-Oriented Location
Located near downtown Fontana, the property is within walking distance of the train station, public transportation, shopping, and essential civic services, ensuring high 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.
- Significant Property Age
Originally built in 1920, the structures likely require substantial maintenance, modernization, or system upgrades to meet contemporary building standards and buyer expectations.
- Shared Outdoor Space
The front yard and back area are shared between the two units, which may reduce privacy for occupants and could be a limiting factor for certain types of tenants.
About 8582 Wheeler 1
2 Homes on the lot near downtown Fontana. The front house is 2 bedrooms, 1 bath, and a small porch, a gated front yard & back area is shared with the back house. The back house is 1 bedroom and 1 bath with small patio. Great location located near shopping, public transportation, a train station, and a nearby middle school, post office, and city hall. Property zoned WMXU- walkable mixed-use, and is in the opportunity zone.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 4,800 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.0 | 3% |
| Baths | - | 2.0 | 3% |
| Square foot | 1,332 | 1,315.5 | 51% |
| Lot Size | 4,800 | 8,343 | 1% |
| Price | $650.0K | $570.2K | 81% |
| Price per sq ft | $488 | $421 | 72% |
| Built year | 1920 | 1955 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 172 | 1% |
Pricing History
Listed for Sale
Mar 2, 2026
$650,000
Initial Listing
Sold
Jun 14, 2019
$322,000
Public Record