9063 Olive, Fontana, CA 92335
- $950,000
- List Price
- $950,000
- Status
- ACTIVE
- MLS#
- CV26178513
- Year Built
- 1952
- Lot Size
- 18,900
- Acres
- 0.43
- Lot Location
- No Landscaping
- Days on Market
- 3
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
Property Description
This tenant-occupied multi-unit property offers the opportunity to transform the existing units into a strong income-producing asset. Each unit has its own living space and is currently occupied, providing immediate rental income while allowing a future owner to renovate and improve the property over time. The property is a fixer-upper and will require work, but buyers with a vision can see the potential to update the interiors, modernize the finishes, improve the overall appearance, and create a more desirable rental property. Think of this as a blank canvas for an investor looking to renovate, add value, and maximize the property's long-term potential. The current tenants have been in place for an extended period and are considered good, established tenants. Buyers may have the option to acquire the property with tenants in place, subject to the terms of the sale. Bring your contractor, evaluate the property, and envision the possibilities. Property is being sold in its present condition. Buyer to conduct their own independent inspections and due diligence regarding condition, permits, zoning, rental income, and potential improvements.
Additional Information
- Pool
- Yes
- Pool Description
- Indoor, In Ground, Private
- Fireplace Description
- Kitchen, Primary Bedroom
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Courtyard
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Private
- Interior Features
- Ceiling Fan(s), All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $97,200
- Operating Expense
- 2520
Listing courtesy of Listing Agent: Erika Amis (Erika@LegacyeXpSanDiego.com) from Listing Office: EXP REALTY OF CALIFORNIA INC.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.