8982 Elm Avenue, Fontana, California 92335, Fontana, 92335 - 2 bed, 1 bath
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8982 Elm Avenue
Fontana, California 92335
ACTIVE UNDER CONTRACT
CONDITION: TEAR DOWN
2Beds
1Baths
720Sq Ft
23,600Lot Size
Property Price
LIST PRICE$485,000
EST. MARKET VALUE
$465,176
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $485,000—positioned well below the $465,176 Fair Market Value by -4%. While the Condition Rating of 6 indicates a need for modernization, the 23,600 sqft lot offers significant Development Potential for expansion or ADU construction. This asset is ideal for Buy-and-Hold Investors or Developers seeking to leverage the expansive land footprint in a strategic Fontana location near major freeways and schools.
Estimated Market Value
$465,176
Based on Realkey algorithm analyzing recent comparable sales in Fontana.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1947 (77 years old) with no evidence of major renovations. The listing explicitly focuses on the half-acre lot's development potential and 'as-is' condition. The structure lacks modern systems, utilizing a window AC unit instead of central HVAC, and the primary value lies in the land rather than the 720 sqft dwelling.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 23600, living area = 720.
- Expansive Lot Size
The property features a massive 23,600 square foot lot (approximately half an acre), providing a rare amount of land and privacy for the area.
- Development Potential
The significant acreage offers exceptional flexibility for investors or developers to renovate, expand the existing footprint, or explore adding ADUs, subject to city approval.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 720 square feet of living area, the current 2-bedroom, 1-bath structure is quite small and may not meet the needs of modern families without expansion.
- As-Is Condition
The property is sold in as-is condition and was built in 1947, likely requiring significant capital investment for repairs, modernization, or total redevelopment.
About 8982 Elm Avenue
Great opportunity in Fontana! This 2-bedroom, 1-bath home sits on an approximately half-acre lot, offering exceptional space, flexibility, and exciting development potential. The expansive lot provides a unique opportunity for buyers, investors, or developers looking to renovate, expand, or explore additional development possibilities, subject to city approval, zoning, and applicable requirements. With ample land to bring your vision to life, this property offers possibilities that are increasingly hard to find. Conveniently located near shopping, dining, schools, and major freeways. Sold as-is. Buyer and Buyer’s Agent are advised to conduct their own due diligence and independently verify zoning, land use, development potential, permits, square footage, lot size, and all other property information with the appropriate city and county agencies.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 23,600 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
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 | 2.0 | 3.9 |
| Baths | 1.0 | 2.7 |
| Square foot | 720 | 1,819.415 |
| Lot Size | 23,600 | 6,328.84 |
| Price | $485.0K | $670.9K |
| Price per sq ft | $674 | $368 |
| Built year | 1947 | 1995 |
| HOA | $0 | $164 |
| Days on market | 17 | 57 |
Pricing History
Listed for Sale
Oct 8, 2026
$485,000
Initial Listing
Sold
Feb 27, 1996
$57,500
Public Record
Sold
Jan 24, 1994
$88,500
Public Record