We present an incredible opportunity to bring to life a 10-unit condominium project in the thriving city of Fontana. This proposed development is designed to feature the elegant charm of Santa Barbara-style architecture, paired with spacious, modern floor plans that cater to today’s urban lifestyle. Positioned in a prime location, this project will be surrounded by bustling shopping centers, key public transportation hubs, and local parks and schools making it an attractive destination for future homeowners. The area’s demand for well-designed, centrally located housing is high, and this project promises to meet that demand. With Fontana's continued growth and development, now is the perfect time for developers to capitalize on this opportunity. Build a community that combines style, comfort, and convenience, and become part of one of Southern California’s most dynamic residential markets. The Seller Has Already received Tenantive Approval and Tract Map approval thru planning for the Proposed 10 Unit Condominium project. Ready for Buyer or Investor to submit Permits request and start building away. "With 3 existing rental units generating income, this property offers immediate income returns while you secure permits and begin transforming it into a 10-condo investment project. "
Multi-familyProperty Type
1951Year Built
0.42 acresLot Size
$465Est. Price/Sq.Ft.
1 car garageParking
Listed by Carlos Ascencio•DRE #01324790• Re/Max Top Producers
Listed by KRISANTE GUNEWARDENA•DRE #02073733• RE/MAX TOP PRODUCERS
Contact: 562-254-8677
Bought with Ramya Sundararaman•DRE #01992812• Crown Realty and Finance, Inc.
This property has a two bedroom one bath home and three units (one bedroom one bath each). Three units (facing Reed Street) has its own address. The single family residence has a new kitchen, new interior paint, new flooring and a one car garage. This property is zoned commercial. Buyer and buyers agent to do their own due diligence as to the zoning and uses of this property. Property is sold as is in its present physical condition. Please do not disturb tenants.
This property has a two bedroom one bath home and three units (one bedroom one bath each). Three units (facing Reed Street) has its own address. The single family residence has a new kitchen, new interior paint, new flooring and a one car garage. This property is zoned commercial. Buyer and buyers agent to do their own due diligence as to the zoning and uses of this property. Property is sold as is in its present physical condition. Please do not disturb tenants.
Public Records
Apr 25, 2003
Sold
$295,000
$131/sq ft
Public Records
Dec 31, 2002
Sold
$225,000
$100/sq ft
Public Records
Aug 30, 1996
Sold
$144,000
$64/sq ft
Public Records
Mar 16, 1990
Sold
$155,000
$69/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$9,355 (+7.8%)
$289,817 + $404,649
$694,466
2024
$8,680 (−14.9%)
$289,817 + $404,649
$694,466
2023
$10,194 (+1.1%)
$278,562 + $520,334
$798,896
2022
$10,080 (+1.5%)
$278,562 + $520,334
$798,896
2021
$9,933 (+28.8%)
$273,100 + $510,131
$783,231
2020
$7,713 (−6.0%)
$267,745 + $500,128
$767,873
2019
$8,208 (+55.6%)
$178,500 + $334,560
$513,060
2018
$5,275 (+2.2%)
$175,000 + $328,000
$503,000
2017
$5,160 (+3.1%)
$142,265 + $219,638
$361,903
2016
$5,003 (+2.3%)
$142,265 + $219,638
$361,903
2015
$4,891 (+0.8%)
$139,475 + $215,331
$354,806
2014
$4,852 (−0.1%)
$134,689 + $207,942
$342,631
2013
$4,859 (+2.9%)
$134,689 + $207,942
$342,631
2012
$4,723 (+2.6%)
$134,080 + $207,002
$341,082
2011
$4,601 (+1.7%)
$131,451 + $202,943
$334,394
2010
$4,525 (+1.6%)
$128,874 + $198,964
$327,838
2009
$4,453 (+2.5%)
$127,911 + $197,477
$325,388
2008
$4,346
$128,215 + $197,946
$326,161
Tax history for 16885 Reed St
Year
Property tax
Land + Additions
Assessment*
2025
$9,355 (+7.8%)
$289,817 + $404,649
$694,466
2024
$8,680 (−14.9%)
$289,817 + $404,649
$694,466
2023
$10,194 (+1.1%)
$278,562 + $520,334
$798,896
2022
$10,080 (+1.5%)
$278,562 + $520,334
$798,896
2021
$9,933 (+28.8%)
$273,100 + $510,131
$783,231
2020
$7,713 (−6.0%)
$267,745 + $500,128
$767,873
2019
$8,208 (+55.6%)
$178,500 + $334,560
$513,060
2018
$5,275 (+2.2%)
$175,000 + $328,000
$503,000
2017
$5,160 (+3.1%)
$142,265 + $219,638
$361,903
2016
$5,003 (+2.3%)
$142,265 + $219,638
$361,903
2015
$4,891 (+0.8%)
$139,475 + $215,331
$354,806
2014
$4,852 (−0.1%)
$134,689 + $207,942
$342,631
2013
$4,859 (+2.9%)
$134,689 + $207,942
$342,631
2012
$4,723 (+2.6%)
$134,080 + $207,002
$341,082
2011
$4,601 (+1.7%)
$131,451 + $202,943
$334,394
2010
$4,525 (+1.6%)
$128,874 + $198,964
$327,838
2009
$4,453 (+2.5%)
$127,911 + $197,477
$325,388
2008
$4,346
$128,215 + $197,946
$326,161
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
135 ft.
Lot depth
150 ft.
Lot size
0.42 Acres
Year renovated
1951
Sq. Ft.
1,320
Year built
1951
Style
Multi-Family (2-4 Unit)
County
San Bernardino County
APN
0190 154 17 0 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 7, 2026.
C-2
General Commercial District
A zoning district that accommodates a wider range of commercial activities than the C-1 Zone, including retail and wholesale activities, automobile-related sales and services, offices and businesses providing administrative and professional services, and medical offices and clinics.
Permitted uses
Include but are not limited to:
Bank
Convenience store
Laundromat
General retail
Retail-Grocery
Office
Public service
Library
Museum / gallery
Park & open space
Feb 20, 2025 • Final
Electrical
Replace an electrical subpanel and the electrical wires leading to the junction box for a residential unit.
Electrical
Jul 6, 2023 • Final
Building history
Reset the electrical meter and replace electrical fixtures.
Electrical
Electric meter
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 1
# of Parking Spaces: 1
Interior
Laundry Information
Has Laundry
See Remarks
Cooling Information
See Remarks
Has Cooling
Room Information
All Bedrooms Down
Heating Information
See Remarks
Has Heating
Interior Features
Entry Level: 1
Entry Location: 1
Levels: One
Unit Type 1 Information
Unit Key Numeric: 11766178
Listing Key Numeric: 373513012
Actual Rent: $1,320
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,320
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 11766179
Listing Key Numeric: 373513012
Actual Rent: $1,150
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total # of Beds: 1
# of Garage Spaces: 1
Total Rent: $1,150
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 373513012
Unit Key Numeric: 11766180
Actual Rent: $1,375
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,375
Total # of Units: 1
Expenses
Total: $1,900
Insurance: $1,900
Multi-Unit Information
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Average 1 Bed Area: 750
Sq. Ft.
Total Building Area: 2,250
Gross Scheduled Income: $46,200
Gross Income: $46,200
# Of Leased Units: 3
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 3
# Of Separate Electric Meters: 3
# Of Buildings: 2
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Back Yard, Yard
Property Information
Total # of Units: 3
Common Walls: 1 common wall
Parcel Number: 0190154170000
Attached Property
Total # of Stories: 1
Year Built Source: Assessor
Property ADU: No
Financial
Lease / Rental Details
Tenant Pays: Cable TV, Electricity, Gas
Total Actual Rent: $3,850
Utilities
Utilities Information
Sewer: Public Sewer
Electricity Connected, Sewer Connected
Water Source: District/Public
Location
Neighborhood Information
Community Features: Sidewalks, Street Lighting
Location Information
Latitude: 34.10919100
Longitude: -117.43620300
Directions: Corner of Sierra AVe and Reed Street
Public facts
Beds: —
Baths: —
Sq. Ft.: 1,320
Stories: —
Lot Size: 0.42 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1951
Year Renovated: 1951
County: San Bernardino County
APN: 0190 154 17 0 000
Home facts updated by county records on Aug 7, 2026
Other
Listing Information
IDX Contact Info: 562-254-8677
Days Active in MLS: 188
Continuous Days Active in MLS: 188
Listing Agent Information
List Agent First Name: Carlos
List Agent Last Name: Ascencio
Co-List Agent First Name: Krisante
Co-List Agent Last Name: Gunewardena
Listing Office Information
List Office Name: Re/Max Top Producers
Co-List Office Name: RE/MAX TOP PRODUCERS
Selling Agent Information
Buyer Agent First Name: Ramya
Buyer Agent Last Name: Sundararaman
Selling Office Information
Buyer Office Name: Crown Realty and Finance, Inc.
Around this home
Schools
Juniper Elementary School
Public K-5 • Assigned • 0.4mi
2/10
Wayne Ruble Middle School
Public 6-8 • Assigned • 1.6mi
8/10
Fontana A. B. Miller High School
Public 9-12 • Assigned • 1.6mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 101° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
27 unhealthy days expected this year, 32 days in 30 years
Provided by First Street
Historical weather
Fontana, CA • 92336
Average low and high temperatures (°F)
67
52
71
52
74
54
72
53
77
57
85
61
88
63
93
68
88
66
82
60
71
53
70
52
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 6.9 hours in December, placing it above the
U.S. average for solar exposure.
10.3 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$995,000 – $1.21M
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