16885 Reed StFontana, CA 92336

Property Details for 16885 Reed St

Lot size

0.39 AC

Property size (Sq ft)

2,274 SF

Property type

Specialty properties

Property subtype

Land

Description

This exceptional redevelopment opportunity presents a 0.39-acre lot in Fontana, CA (APN: 0190-154-17), zoned FBC-Transitional District, currently improved with a two-building, three-unit apartment complex offering 2,274 square feet of net rentable space and 100% occupancy. The property boasts a prime location, surrounded by shopping, public transportation, parks, and schools, catering to the high demand for housing in Fontana. The existing rental units provide immediate income while the buyer secures permits and begins construction on the approved 10-unit condominium project. Tentative map approval for the 10-unit condominium development has already been obtained through the planning process, streamlining the permitting process for the new owner. The proposed development will feature Santa Barbara-style architecture and modern floor plans, ranging from two to four bedrooms, designed to meet the needs of today's urban lifestyle. This is a unique chance to capitalize on Fontana's continued growth and create a thriving residential community in a highly desirable location. The property's address is 16885 Reed St, Fontana, CA 92336. This Class C multi-family investment is ready for a developer to submit permit requests and begin construction.

Location Insight

City

Fontana

County

San Bernardino

State

California

Latitude

34.1092

Longitude

-117.436

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