9221 Wheeler Court, Fontana, CA 92335
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
9221 Wheeler Court,Fontana, CA 92335
$975,000
- 4 Beds
- - Baths
- 2,912 sq. ft.
- Multi-family
- Active
Listed by: oscar diaz
Office: marcus & millichap
MLS#:CL26989407
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$975,000
- Price per sq. ft.:$334.82
About this home
We are pleased to present 9221 Wheeler Court, a four-unit multifamily property located in Fontana, California. The property is conveniently located near the 10, 15, and 210 Freeways, providing tenants with easy access throughout the Inland Empire, including Los Angeles, San Bernardino, and Riverside. 9221 Wheeler Court offers investors the opportunity to acquire a well-maintained four-unit property with strong in-place income and a clear value-add component. Recent interior renovations highlight the property's potential, while the remaining units offer additional upside through future improvements and rental growth. The property features approximately 2,192 rentable square feet on an 8,100-square-foot lot. Built in 1978, the unit mix consists of two one-bedroom/one-bathroom units, one one-bedroom/one-bathroom plus den unit, and one two-bedroom/one-bathroom unit. Amenities include a large shared backyard, on-site washer and dryer, and eight on-site parking spaces, including four enclosed garages. Recent improvements include exterior renovations, fresh paint, and interior upgrades. Offered at $975,000, the property is priced at $243,750 per unit and $334.82 per square foot. The property is currently producing a 5.81% cap rate and 11.11 GIM, with the opportunity to achieve a stabilized 6.43% cap rate and 10.36 GIM as rents are brought closer to market. Fontana continues to experience steady rental demand supported by its relative affordability, freeway access, and diverse employment base, including Amazon, Kaiser Permanente Fontana Medical Center, and the broader Inland Empire logistics corridor. With strong in-place income, recent improvements, and additional upside, 9221 Wheeler Court offers investors immediate cash flow with a clear path to increased long-term returns....
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Home facts
- Year built:1978
- Listing ID #:CL26989407
- Added:46 day(s) ago
- Updated:November 03, 2026 at 01:28 AM
Rooms and interior
- Bedrooms:4
- Living area:2,912 sq. ft.
Structure and exterior
- Year built:1978
- Building area:2,912 sq. ft.
- Lot area:0.19 Acres
Finances and disclosures
- Price:$975,000
- Price per sq. ft.:$334.82
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