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$928,000
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Property Description
Fantastic 4-unit investment opportunity located on a quiet cul-de-sac in the heart of Fontana. This well-maintained 4-plex offers approximately 2,792 sq.ft. of living space on a generous 8,100 sq.ft. lot. The property features a flexible layout ideal for investors, multigenerational living, or owner-occupants-live in one unit and rent out the others. Unit A is a spacious 2-bedroom, 2-bathroom unit located downstairs and has been recently painted. Units B, C, and D are all 1-bedroom, 1-bathroom units located upstairs, and each has been recently upgraded. All units are equipped with central A/C and forced air heating, ensuring year-round comfort.
Each unit comes with its own 1-car garage and an additional carport space, totaling 8 dedicated parking spaces with potential for more. A coin-operated community washer and dryer provides additional income. The units are currently rented near market rates, delivering strong in-place cash flow. With a Gross Rent Multiplier (GRM) of 11.06 and an estimated CAP rate of 8.04%, this property is a rare opportunity to own a turnkey income-producing asset in a desirable and growing rental market. Please do not disturb tenants.
Full Property Details
Full Property Details for 9240 Wheeler Ct
General
- Sold For: $928,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: DW25158425
- Added to Site: 187 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 4
- Parking Features: Assigned, Carport, Garage
- Parking: Assigned, Carport, Garage
Location
- Area: 264 - Fontana
- County: San Bernardino
- Development Name: 264 - Fontana
- Driving Directions: Take 10 Freeway to Sierra Avenue then to Wheeler Ct
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 2,792
- Year Built: 1978
Lot Features
- Lot Size (Acres): 0.186
- Lot Size Source: Assessor
- Lot Description: Cul-de-Sac
Financial Considerations
- Price Per Sq. Ft.: $332.38
- Price Per Unit: 224975
Disclosures and Reports
- Exclusions: Personal property
Listed by PLF Real Estate Solutions, Herbert Diaz
Sold by Redfin Corporation, Latrevia Palacios
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Schools
Schools serving 9240 Wheeler Ct
School District:Fontana Unified School District
| Name | Grades | Distance |
|---|---|---|
Palmetto Elementary School 9325 Palmetto Avenue, Fontana, CA 92335 | K-5 | 0.4 mi |
Harry S. Truman Middle School 16224 Mallory Drive, Fontana, CA 92335 | 6-8 | 1.3 mi |
Jurupa Hills High School 10700 Oleander Avenue, Fontana, CA 92337 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 9240 Wheeler Ct
Date
Details
Price
Change
Source
8/21/2025
Sold
$928,000
3.12%
MLS
7/14/2025
Listed
$899,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
9240 Wheeler Court, Fontana, CA 92335 (MLS# DW25158425) is a Multi-Family property that was sold at $928,000 on August 21, 2025. Want to learn more about 9240 Wheeler Court? Do you have questions about finding other Multi-Family real estate for sale in Fontana? You can browse all Fontana real estate or contact a Coldwell Banker agent to request more information.

