9074 Olive St, Fontana, California 92335, Fontana, - bed, bath

home-pic
ACTIVE$749,000
9074 Olive St, Fontana, California 92335
2Beds
1Bath
1,095Sqft
18,900Lot
Year Built
1922
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41094023
Home ConditionPoor
Features
View-

About this home

Huge Development Opportunity in Prime Fontana Location! Plans Nearly Approved – Build a 10-Unit Apartment Complex! Lot Size: 0.43 Acres | 18,900 Sq Ft. Calling all investors, builders, and developers! This rare Fontana gem is a prime opportunity to build a high-demand multi-family project on a spacious 0.43-acre lot. The current owners have invested over $50,000 and more than 2+ years of effort to secure critical approvals — including PAM (Plan of Action and Mitigation) approval. Only the Design Review phase remains before you're ready to break ground on a 10-unit apartment complex, with each unit designed as a 2-bedroom, 2-bathroom layout. ? Property Highlights: PAM Approved – Major milestone completed! 10-Unit Apartment Plan – Each unit: 2 bed / 2 bath. Only Design Review Left – Nearly shovel-ready. $50K+ Already Invested in Approvals – Save 2+ years of time and $50K+ money. Large Lot (18,900 sq ft) – Room for parking, landscaping, or amenities. Centrally located near schools, parks, shopping, and major freeways. Existing 2 bed / 1 bath home (1,095 sq ft) currently on site – great for staging or rental during development. Tremendous Land Value in a fast-growing market. This is YOUR chance to develop a high-yield income producing 10+ units property.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (110 Listings)
Beds23
14%
Baths12
24%
Square foot1,0951,329
25%
Lot Size18,9008,505
90%
Price$749K$565K
92%
Price per square foot$684$425
95%
Built year19221957
1%
HOA
Days on market200163
69%
Condition Rating
Poor

The property was built in 1922 and the images show the architectural plans for a new development, not the current state of the existing home. Given the age and lack of information about renovations, it's likely that the existing structure requires substantial repairs. The listing focuses on the development opportunity rather than the existing home's condition.
Pros & Cons

Pros

Development Opportunity: Prime opportunity to build a 10-unit apartment complex in a desirable Fontana location.
Approval Progress: PAM approval already secured, saving significant time and expense in the development process.
Large Lot Size: Spacious 0.43-acre lot (18,900 sq ft) provides ample space for the apartment complex, parking, and amenities.
Central Location: Conveniently located near schools, parks, shopping centers, and major freeways, enhancing tenant appeal.
Existing Structure: Existing 2 bed/1 bath home on-site can be used for staging or rental income during the development phase.

Cons

Final Approval Needed: Design Review phase remains before construction can commence, introducing a potential delay.
Year Built: The existing structure was built in 1922, potentially requiring significant renovation or demolition costs.
Upfront Investment: Requires a substantial upfront investment for development, including construction costs and potential unforeseen expenses.

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