9221 Wheeler CT
Fontana, CA, 92335
$975,000
5 Beds
4 Baths
2,912 SqFt
0.19 Acres
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MLS #26989407 image #0
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.

Property Details

Price:
$975,000
MLS #:
26989407
Status:
Active
Beds:
5
Baths:
4
Type:
Single Family
Neighborhood:
264fontana
Listed Date:
Sep 24, 2026
Finished Sq Ft:
2,912
Total Sq Ft:
2,912
Lot Size:
8,100 sqft / 0.19 acres (approx)
Year Built:
1978
264 – Fontana264fontana

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Schools

Interior

Levels
U

Exterior

Parking Spots
8
Parking Total
8

Financial

Gross Operating Income
$87,720
Net Operating Income
$56,629

Map

Community

Market Summary

Current real estate data for Single Family in Fontana as of Sep 28, 2026
417
Single Family Listed
67
Avg DOM
316
Avg $ / SqFt
$581,090
Avg List Price

Property Summary

    9221 Wheeler CT Fontana CA is a Single Family for sale in Fontana, CA, 92335. It is listed for $975,000 and features 5 beds, 4 baths, and has approximately 2,912 square feet of living space, and was originally constructed in 1978. The current price per square foot is $335. The average price per square foot for Single Family listings in Fontana is $316. The average listing price for Single Family in Fontana is $581,090.

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9221 Wheeler CT
Fontana, CA