16227 Baseline Ave

Fontana, CA 92336

$1,629,000

List Price

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Property Description

Introducing an Unbelievable Opportunity with Rare Zoning Flexibility! This exceptional lot offers nearly 90% of all commercial uses permitted within the city—a truly unique find! Whether you envision a thriving business hub or a residential multi-family development, the possibilities are endless. A conceptual plan has already been designed for a 36-unit complex featuring spacious 1- and 2-bedroom apartments. But here's where it gets even more exciting—with a senior housing project, you could potentially secure approval for over 70 units of efficiency and 1-bedroom apartments! Located just 2 minutes from the 210 Freeway, 6 minutes from the 15 Freeway, and a quick drive to the 10 Freeway, this lot is in prime proximity to everything. And with new homes by D.R. Horton being built just down the street, this area is poised for growth! The 36 units, if constructed, would command premium rents and be exempt from rent control for the first 15 years due to their new construction status. The potential resale value of these units, once built, is estimated at over $15 million, or you could retain them for a substantial cash flow investment. For more details contact the Fontana Planning Department... Don’t miss out on this extraordinary opportunity!

Listing Information

List Price $1,629,000
Status Active
MLS PW24205853
HOA $0
Type Land
Lot Size 74,052
Structure Size N/A
Courtesy Of Lifetime Realty Inc
Listing Agent Adel Hamad DRE#01937543

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Adel Hamad, Lifetime Realty Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 4th, 2024 at 1:12 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.