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.
PLEASE DO NOT GO DIRECT OR DISTURB TENANTS OR TRESPASSER. Savvy Investor or Developer Opportunity. Great Income while waiting for development plan. About 20K SQFT Lot and R-2 Zoning for multi-family homes. Turnkey Duplex, 1 bed/1bath unit with garage, and a Studio unit on BIG BACK YARD. Newly remodeled property, all New vinyl windows, bathrooms, luxury flooring, AC Mini-Split, doors, lights, interior/exterior paint, newer roof and etc. Both units just occupied by good tenants. Seller 1031 Exchange PLEASE DO NOT GO DIRECT OR DISTURB TENANTS OR TRESPASSER.
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 | 2,567 | 22% |
| Lot Size | 18,900 | 9,088 | 67% |
| Price | $699.0K | $919.0K | 44% |
| Price per sq ft | $667 | $369 | 89% |
| Built year | 1947 | 1953 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 187 | 11% |
Mar 10, 2026
$699,000
Initial Listing
Dec 4, 2025
$650,000
Public Record
Apr 22, 2021
$360,000
Public Record