Fontana Quadplex with Upgraded
16929 Reed Fontana, CA 92336
16929 Reed, Fontana, CA, 92336
$975,000
Pending
For Sale
$975,000
Pending
Four-unit property with upgraded interiors and strong rental income.
Property Size3,000 SF
Lot Size0.19 Acres
Days on Market89
Property Features for 16929 Reed
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Lot size
- 0.19 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1962
Listing agency
Realty Masters & Associates
(909) 642-0201
Listed by
Michelle Bagi · License #02112864
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:19PM Checked: Jul 21 at 6:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Masters & Associates
Investment Insights
Based on property information with market context.
This four-unit quadplex features over 3,000 square feet of living space on an approximately 8,100 square foot lot. The property includes a unit mix of two one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units. Interior upgrades include tile flooring in three units, upgraded carpet in the remaining unit, upgraded kitchen cabinets, and quartz countertops. Additional income is generated from on-site laundry facilities. The property also includes four garage spaces. Plumbing was updated approximately five years ago. The property is well-suited for investors seeking a stable, income-producing property with upside potential. The bike score is 51, making it bikeable. The walk score is 71, indicating it is very walkable, and the transit score is 52, indicating good transit.
Key Highlights
- Strong rental income from a 4‑unit quadplex
- Desirable unit mix: two 1 bed/1 bath and two 2 bed/1 bath units
- Enjoy upgraded interiors including tile flooring, upgraded carpet, cabinets, and quartz countertops
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.6k | $22.20 |
| − Vacancy | −$3.5k | −$1.16 |
| EGI | $63.1k | $21.04 |
| − OpEx | −$18.9k | −$6.31 |
| NOI | $44.2k | $14.73 |
3,000 SF · lease $22.20/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$631.2K
$552.3K – $736.4K
NOI $44,186 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$580.0K
$507.5K – $676.7K
NOI $40,603 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$872.9K
$763.8K – $1.02M
NOI $61,106 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit property with upgraded interiors and strong rental income.
Where is this quadplex located?
The property is located at 16929 Reed Fontana, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Strong rental income from a 4‑unit quadplex; Desirable unit mix: two 1 bed/1 bath and two 2 bed/1 bath units; Enjoy upgraded interiors including tile flooring, upgraded carpet, cabinets, and quartz countertops
