16158 Ceres Avenue, Fontana, California 92335, Fontana, - bed, bath
ACTIVE$1,050,000
16158 Ceres Avenue, Fontana, California 92335
0Bed
0Bath
2,870Sqft
25,400Lot
Year Built
1963
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25165290
Home ConditionFair
Features
Patio
View-
About this home
Excellent Investment Opportunity in North Fontana! Well-maintained single-story 4-plex featuring four 2-bedroom, 1-bathroom units—each with its own private backyard and attached 1-car garage. All units are tenant-occupied with long-term tenants in place.New roof and new Flexible PEX plumbing with newer dual pane windows all 4 units. Situated on a large flat lot over ½ acre, offering potential to build additional units (buyer to verify with city). The property provides plenty of open parking and is located in a desirable area near the 15, 210, and 10 freeways. Each unit has water, dryer hook up.Close to schools, shopping centers, and restaurants. Don’t miss this rare chance to own a multi-family property with expansion potential in a fast-growing community.
Price History
Date
Event
Price
07/25/25
Listing
$1,050,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,870 | 1,879 | 86% |
| Lot Size | 25,400 | 16,500 | 86% |
| Price | $1.05M | $800K | 86% |
| Price per square foot | $366 | $404 | 29% |
| Built year | 1963 | 1952 | 71% |
| HOA | |||
| Days on market | 103 | 141 | 14% |
Condition Rating
Fair
The property, built in 1963, has received significant system updates including a new roof, new PEX plumbing, and newer dual-pane windows, indicating good structural and functional maintenance. However, the interior images reveal highly dated kitchens and bathrooms with older cabinets, laminate countertops, basic appliances, and linoleum flooring. The living areas feature worn carpeting and the cooling system relies on window AC units rather than central air. While functional and well-maintained in terms of major systems, the aesthetic and some comfort features are significantly outdated and would require substantial cosmetic renovations to meet current market expectations, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Strong Investment Opportunity: This quadruplex offers an excellent investment opportunity with all four 2-bedroom, 1-bathroom units currently tenant-occupied by long-term residents, ensuring immediate and stable income.
Significant Expansion Potential: Situated on a large, flat lot over ½ acre (25,400 sqft), the property provides substantial potential to build additional units, offering a clear value-add opportunity for future development (buyer to verify).
Recent Major Capital Upgrades: Key infrastructure improvements including a new roof, new Flexible PEX plumbing, and newer dual-pane windows across all four units significantly reduce immediate maintenance concerns and enhance property longevity.
Desirable Tenant Amenities: Each unit boasts attractive features such as a private backyard, an attached 1-car garage, and in-unit water/dryer hookups, contributing to tenant satisfaction and retention.
Strategic Location & Accessibility: Located in a desirable, fast-growing North Fontana area, the property benefits from excellent freeway access (15, 210, 10) and close proximity to schools, shopping centers, and restaurants.
Cons
Age of Property: Built in 1963, while major systems have been updated, the overall age of the property suggests that interiors and other components may be dated, potentially requiring future renovation to maximize rental income or appeal.
Tenant-Occupied Units: While providing immediate income, the presence of long-term tenants can complicate property showings, inspections, and potential renovations or rent adjustments, requiring careful management.
Expansion Verification Required: The stated potential for building additional units is a significant upside, but it comes with the caveat that the buyer must conduct their own due diligence and verify feasibility with the city, which can be a time-consuming and uncertain process.