First time investor: Need some guidance

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Hello my name is Rudy and I've been given the opportunity to acquire my first investment property. 

A little description on the property. It's location is 7774 Maple Ave. Fontana Ca 92336. Sellers price is $168,000. Lot size: 0.9 acres. House on property is in bad condition.

My initial idea was to purchase property and turn it into a multi family building. According to the city of Fontana the property is on a residential zone where apartments cannot be built. They also mentioned that the only opportunity I'd have to build multiple units would be to divide the property into to two parcels and build two units (Duplex) on each parcel.

I see this property as a good investment opportunity. Being my first I'd like to see if there are any ideas on what could be done with this blank slate? Should I divide the property into two parcels and build two duplex? I'm looking into making this property a long term investment.

This is the Zillow link to the property:

http://www.zillow.com/homedetails/7774-Maple-Ave-F...