9240 Wheeler Court, Fontana, CA 92335

About this fourplex

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.

Listing description from the August 2025 sale, as reported to CRMLS.

Sale history

$928,000

Sold August 2025 · listed $899,900, on market July 2025 · MLS #DW25158425 · Source: CRMLS

Listing Agent: Herbert Diaz · Listing Office: PLF Real Estate Solutions · Contact: 562-639-9636 · Bought with: Latrevia Palacios · REDFIN CORPORATION

$900,000

Sold July 2022 · listed $849,900, on market May 2022 · MLS #PW22032539 · Source: CRMLS

Listing Agent: Gene Tsair · Listing Office: Realty Pro 100 · Contact: 714-644-9500 · Bought with: Aaron Carrillo · PLF Real Estate Solutions

$720,000

Sold May 2021 · on market May 2021 · MLS #PW21104786 · Source: CRMLS

Listing Agent: Gene Tsair · Listing Office: Realty Pro 100 · Contact: 714-644-9500 · Bought with: Gene Tsair · Realty Pro 100

$670,000

Sold December 2019 · listed $680,000, on market October 2019 · MLS #AR19253412 · Source: CRMLS

Listing Agent: Paul Cheng · Listing Office: Treeline Realty & Investment · Contact: 626-656-2889 · Bought with: MARIE SY · RE/MAX TIME REALTY

$573,888

Sold August 2018 · listed $599,888, orig. $635,000, on market May 2018 · MLS #CV18102803 · Source: CRMLS

Listing Agent: ERIKA BANOS-SORIA · Listing Office: BERKSHIRE HATHAWAY CA PROP · Contact: 626-335-6001 · Bought with: Paul Cheng · Treeline Realty & Investment

$435,000

Sold March 2016 · listed $449,999, on market January 2016 · MLS #CV16012049 · Source: CRMLS

Listing Agent: OLUFEMI ADEBAYO · Listing Office: HOMEQUEST REAL ESTATE · Contact: 909-606-0888 · Bought with: ERIKA BANOS-SORIA · HILL TOP REAL ESTATE

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