9386 Olive Street, Fontana, California 92335, Fontana, - bed, bath
ACTIVE$1,150,000
9386 Olive Street, Fontana, California 92335
0Bed
0Bath
2,911Sqft
9,088Lot
Year Built
1949
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25216645
Home ConditionExcellent
Features
View-
About this home
Magnificent opportunity to own a 4-unit property in Fontana. Potential gross monthly income $9,200 per month. 4 units, consisiting of 1,416 sq, ft. duplex with a 2 bedroom 1 bath and a 1 bedroom 1 bath, and a brand new 2025 built ADU duplex with 1,495 sq ft, with 2 Bedroom and 2 baths each. The older units are tenant occupied, and the newer units are vacant. Conveniently located near schools, shopping, and commuter routes, this property offers many opportunities. DO NOT DISTURB OR APPROACH TENANTS.
Price History
Date
Event
Price
09/15/25
Listing
$1,150,000
Condition Rating
Excellent
This property is a unique blend, featuring a brand new 2025-built ADU duplex alongside an older 1949 duplex. The 'brand new' ADU, comprising two units and nearly half the total square footage, meets the 'Excellent' criteria for being newly built, with all components, including kitchens and bathrooms, being new and meeting current quality standards. The provided image confirms the pristine, modern exterior of this new construction. While the original 1949 units are significantly older, they are tenant-occupied, indicating they are functional and livable, though likely dated. The substantial addition of two brand new, high-quality units elevates the overall property condition to 'Excellent', offering modern amenities and minimal deferred maintenance for a significant portion of the investment.
Pros & Cons
Pros
Significant Income Potential: The property offers a substantial potential gross monthly income of $9,200, indicating a strong cash flow opportunity for investors.
Brand New Construction ADU Duplex: Includes a newly built (2025) 2-unit ADU, providing modern amenities, reduced immediate maintenance costs, and high appeal for prospective tenants.
Multi-Unit Investment (Quadruplex): As a 4-unit property, it offers diversified income streams and enhanced cash flow stability, mitigating risks associated with single-unit vacancies.
Strategic Location: Conveniently located near schools, shopping, and commuter routes, which enhances tenant desirability and supports long-term property value.
Immediate Rental Income: The older duplex units are currently tenant-occupied, ensuring an immediate and stable income stream from a portion of the property upon acquisition.
Cons
Age of Original Units: The original duplex was built in 1949, suggesting potential for deferred maintenance, outdated systems, or the need for future capital expenditures to modernize.
Tenant Occupancy Constraints: Existing tenants in the older units, along with the 'DO NOT DISTURB' directive, may limit immediate access for comprehensive inspections, renovations, or re-leasing at current market rates.
Vacant New Units: The brand new ADU units are currently vacant, requiring the new owner to actively market and lease them, incurring carrying costs until fully occupied and generating income.