10881 Oleander Avenue, Fontana, California 92337, Fontana, - bed, bath

home-pic
ACTIVE$3,750,000
10881 Oleander Avenue, Fontana, California 92337
4Beds
3Baths
2,141Sqft
41,580Lot
Year Built
1981
Close
-
List price
$3.75M
Original List price
$3.95M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25007284
Home ConditionFair
Features
Patio
View-

About this home

This exceptional zoned industrial property in San Bernardino County is perfect for any investor. It features the main house and duplex on site, situated on an approximately 41,580 sq ft lot. The zoning regulations allow for various uses . Currently being used as a front residential home with back duplex and garage conversion. All tenants are on a month to month lease. Front home features 4Br. 2 Full baths. Family and living room. Kitchen has been updated. Laminate flooring throughout. Back duplex has had a few upgrades in the last two years. Garage has been converted to a studio apartment. Each unit has laundry hook ups. Front tenant manages and maintains the property and has an agreement with the owner .Total potential monthly gross income ranges from $6000-$7000 a month. All this information has been provided but not guaranteed. Buyer is advised to inspect property and check all information pertaining to permits and or building requirements.

Price History

Date
Event
Price
10/24/25
Price Change
$3,750,000
01/11/25
Listing
$3,950,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (98 Listings)
Beds43
64%
Baths33
50%
Square foot2,1411,494
86%
Lot Size41,5804,000
99%
Price$3.75M$600K
99%
Price per square foot$1,752$408
99%
Built year19811987
3%
HOA$205
Days on market298151
97%
Condition Rating
Fair

The property was built in 1981, making it over 40 years old. While the description mentions an 'updated kitchen' and 'laminate flooring throughout' in the front home, and 'a few upgrades in the last two years' for the back duplex, there are no interior images provided to assess the quality, style, or recency of these updates, especially for the kitchen and bathrooms. Without visual confirmation, it's difficult to determine if these updates meet current standards or if they are merely cosmetic. The property is likely maintained but, given its age and the lack of detailed renovation information or interior photos, it's reasonable to assume some components may be outdated or show signs of wear, fitting the 'Fair' category.
Pros & Cons

Pros

Industrial Zoning & Development Potential: The property's exceptional industrial zoning in San Bernardino County offers significant flexibility for various uses and potential for future development or expansion, enhancing its long-term value.
Multiple Income-Generating Units: Comprising a main house, a duplex, and a converted garage studio, the property provides three distinct rental units, offering diversified income streams for an investor.
Strong Potential Rental Income: With a stated potential monthly gross income ranging from $6,000 to $7,000, the property presents a robust cash flow opportunity, making it highly attractive for income-focused investors.
Expansive Lot Size: An approximately 41,580 sq ft lot offers ample space for current operations, potential future expansion, or additional parking/storage, which is a valuable asset for an industrial-zoned property.
Recent Unit Upgrades: The main house features an updated kitchen and laminate flooring, while the back duplex has received recent upgrades, indicating a level of maintenance and appeal for tenants.

Cons

Tenant Management & Lease Instability: All tenants are on month-to-month leases, and the front tenant manages the property. This arrangement presents risks related to tenant turnover, inconsistent management quality, and potential conflicts of interest, requiring immediate attention from a new owner.
Unverified Information & Permit Concerns: The disclaimer 'information provided but not guaranteed' and the advice to 'check all information pertaining to permits and or building requirements' strongly suggest potential unpermitted conversions or compliance issues, which could lead to significant costs or legal liabilities.
Property Type Misclassification: The listing categorizes the property as 'Residential' and 'Single Family Residence' despite being 'industrial zoned' and having multiple units. This discrepancy could complicate financing, insurance, or future transactions and may require clarification or reclassification.

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