2-Home Multifamily
For Sale
$625,000
8582 Wheeler Unit 1, Fontana, CA 92335
Two separate residences share one parcel within Fontana’s WMXU walkable mixed-use zone.
Property Size1,332 SF
Price / SF$469.22
Days on Market49
Property Features for 8582 Wheeler Unit 1
General Information
Standard status
Active
Size
1,332 SF
Property subtype
Multi-Family
Zoning
WMXU
Additional Details
Opportunity Zone
Yes
Public Transit
Yes
Building Details
Year Built
1920
Listing Agency:
SIERRA REALTY FONTANA INC
Listed By:
PATRICIA GONZALEZ · License #01745700
(909) 822-1197
Source:
Robertandchristy
Added: Sep 2
Changed: Oct 17
Last Checked: Oct 7 at 5:33PM
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 SIERRA REALTY FONTANA INC
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Investment Insights
Based on property information with market context.
This 1,332-square-foot multifamily property contains two residences on one lot. The front home offers 2 bedrooms, 1 bathroom, a small porch, and a gated front yard. A separate rear dwelling includes 1 bedroom, 1 bathroom, and a compact office area. The rear porch area is shared between the two homes. Built in 1920, the property combines distinct living spaces with an established residential configuration.
Located near downtown Fontana at 8582 Wheeler Unit 1, the property sits beside public parking and near business shops. Shopping, public transportation, a train station, a middle school, a post office, city hall offices, and community centers are also nearby. The site is zoned WMXU- walkable mixed-use and lies within an opportunity zone.
Located near downtown Fontana at 8582 Wheeler Unit 1, the property sits beside public parking and near business shops. Shopping, public transportation, a train station, a middle school, a post office, city hall offices, and community centers are also nearby. The site is zoned WMXU- walkable mixed-use and lies within an opportunity zone.
Key Highlights
- Two homes on one lot at 8582 Wheeler Unit 1, Fontana, CA 92335
- Front residence includes 2 bedrooms, 1 bathroom, porch, and gated front yard
- Rear residence provides 1 bedroom, 1 bathroom, and a small office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,028
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,560
$360.6K
Cap Rate 7%
$257,543
$257.5K
Cap Rate 9%
$200,311
$200.3K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$34.7K $26.04/SF
− Vacancy
−$1.9K −$1.43/SF
EGI
$32.8K $24.61/SF
− OpEx
−$14.7K −$11.07/SF
NOI
$18.0K $13.53/SF
Area
Fontana, CA
Vacancy
5.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,560
Cap Rate 7%
$257,543
Cap Rate 9%
$200,311
Alternative Uses
Best Use
Apartment 5plus
$257.5K
$225.4K – $300.5K
NOI $18,028 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$387.6K
$339.1K – $452.2K
NOI $27,131 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 92335, CA
96,605
Population
25,861
Households
3.7
Avg Household Size
31
Median Age
10%
College-Educated
67%
High-School Grad
17.5 sq mi
ZIP Area
5,520
Density / Sq Mi
$75,198
Median Household Income
$35,912
Median Earnings
$1,636
Median Rent
$433,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate residences share one parcel within Fontana’s WMXU walkable mixed-use zone.
Where is this multifamily property located?
The property is located at 8582 Wheeler Unit 1 Fontana, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two homes on one lot at 8582 Wheeler Unit 1, Fontana, CA 92335; Front residence includes 2 bedrooms, 1 bathroom, porch, and gated front yard; Rear residence provides 1 bedroom, 1 bathroom, and a small office space
