9023 Olive, Fontana, California 92335, Fontana, 92335 - 0 bed, 0 bath
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Fontana, California 92335
Analysis of 9023 Olive, Fontana, California 92335 is currently available with a list price of $699,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Property is new construction or fully renovated.
Although originally built in 1947, the property has undergone an extensive recent renovation within the last 5 years. It features all-new components including a newer roof, vinyl windows, luxury flooring, modern shaker-style kitchen cabinetry, updated bathrooms, and new mini-split AC systems, meeting the criteria for virtually new condition with no deferred maintenance.
The expansive 18,900 SF lot paired with R-2 zoning provides a prime opportunity for developers to build multi-family housing or add additional units to maximize the land's value.
The property has been extensively remodeled with new vinyl windows, luxury flooring, AC mini-splits, and a newer roof, offering a move-in ready asset with minimal immediate capital expenditure.
Both units are currently occupied by reliable tenants, providing steady rental income that helps offset holding costs while a buyer secures permits or development plans.
The property was recently sold within the past year on 2025-12-04. The sold price is $650,000.00.
The current configuration of only two small units (1-bedroom and a studio) results in a low rental density relative to the nearly half-acre lot size, potentially limiting current yield.
Originally built in 1947, the property may possess underlying infrastructure or utility systems typical of older homes that could require long-term maintenance despite recent cosmetic renovations.
Savvy Investor or Developer Opportunity with good income while waiting for development plan. The value is in the R-2 land zone for multifamily homes, and less than 5 listings in the market. Almost 20K sqft lot with a huge back yard. Perfect for parking of your pick-up trucks or Recreational Vehicles. Turnkey Duplex: 1 bedroom & 1 bathroom unit with garage, and a Studio unit. Newly remodeled property, new vinyl windows, bathrooms, luxury flooring, AC Mini-Split, doors, lights, interior/exterior paint, newer roof and etc. Both units are occupied by good new tenants. PLEASE DRIVE-BY ONLY and PLEASE DO NOT ENTER ONTO THE PROPERTY. Thank you for your understanding. SALES COMPS: Multi-Family recently SOLD: 1) 9607 Cypress 2) 18264 Pine 3) 17055 San Bernardino 4) 16748 Athol - LISTING: 1) 9758 Juniper 2) 8582 Wheeler .
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,048 | 2,870 | 14% |
| Lot Size | 18,900 | 9,450 | 71% |
| Price | $699.0K | $950.0K | 29% |
| Price per sq ft | $667 | $369 | 86% |
| Built year | 1947 | 1953 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 96 | 223 | 14% |
Mar 10, 2026
$699,000
Initial Listing
Dec 4, 2025
$650,000
Public Record
Apr 22, 2021
$360,000
Public Record