We are pleased to present an exceptional turn-key investment opportunity in a prime multi-family asset, offering a rare combination of solid cash flow and substantial upside potential. The property features an attractive unit mix of (1) 3-Bedroom/2-Bathroom, (1) 2-Bedroom/2-Bathroom, (10) 2-Bedroom/1-Bathroom, and (3) 1-Bedroom/1-Bathroom units, making it well-suited for a diverse tenant base. Recent capital improvements have brought the property to a "like-new" condition, with 13 out of 15 units undergoing comprehensive renovations that include new flooring, kitchens, bathrooms, walk-in closets, appliances, and updated electrical subpanels. The exterior has also been extensively upgraded, with new HVAC systems, a remodeled entryway, refreshed landscaping, and all copper plumbing, ensuring long-term durability and tenant satisfaction. Built in the 1970s, the property features colonial-style architecture and includes valuable amenities that enhance tenant experience, such as gated on-site parking, an on-site laundry facility, and a recreational room. For added privacy, the property offers a private entrance with an intercom system. Beyond the current upgrades, this property offers immediate value-add potential with approved plans for three ADUs, which will allow for increased rental income and overall asset appreciation. Currently, the property boasts a Gross Rent Multiplier (GRM) of 12.06 and a Capitalization Rate (Cap Rate) of 5.52%, with plenty of upside as market rents continue to rise and the ADU plans are implemented. With the combination of significant recent capital expenditures, desirable tenant amenities, and the approved ADU plans, this asset is primed for both strong short-term returns and long-term value growth. This is an ideal opportunity for investors looking for a well-maintained, cash-flowing property with substantial upside potential.
This beautiful apartment complex offers two to three bedrooms and two and half bathrooms providing 1092 sqft of living space per unit. Built in 2008, these units feature modern amenities and are located conveniently close to schools, park, shopping centers, a movie theater, public transportation, and the 210 freeway. Modern amenities include granite countertops, stainless steel kitchen sinks, washer and dryer hookups, central air and heating, and attached one car garages. Located at the end of a cul-de-sac, the complex also has a security gate for extra safety. Each unit is currently occupied, so there is zero vacancy, and the tenants each pay on time each month. Since the complex is only 16 years old, the maintenance is very low. A complete breakdown of the rent and expenses can be sent out to all interested parties. This complex is very attractive to all investors.
This beautiful apartment complex offers two to three bedrooms and two and half bathrooms providing 1092 sqft of living space per unit. Built in 2008, these units feature modern amenities and are located conveniently close to schools, park, shopping centers, a movie theater, public transportation, and the 210 freeway. Modern amenities include granite countertops, stainless steel kitchen sinks, washer and dryer hookups, central air and heating, and attached one car garages. Located at the end of a cul-de-sac, the complex also has a security gate for extra safety. Each unit is currently occupied, so there is zero vacancy, and the tenants each pay on time each month. Since the complex is only 16 years old, the maintenance is very low. A complete breakdown of the rent and expenses can be sent out to all interested parties. This complex is very attractive to all investors.
Courtesy: ESPINOZA REALTY
The price for this incredible property has just been reduce, offering an even greater opportunity to own this Unique Investment Opportunity in Rialto!! Welcome to this exceptional property, offering a unique blend of residential and investment potential. This detached single-family home features 5 bedrooms and 3 bathrooms with a detached two-car garage and a private backyard. Situated on a generous 21,855 sq ft lot, the property also includes six additional apartments at the back. Two of these units are 2-bedroom, 1-bathroom apartments, and the other four are 1-bedroom, 1-bathroom apartments. Each unit comes with an assigned parking space, ensuring convenience for all residents. Located within walking distance to downtown Rialto's shops and close to major freeways, this property offers both accessibility and privacy. It's the perfect investment for future owners looking to occupy the front house while generating rental income from the back units. Don't miss out on this unique home and investment opportunity in a prime Rialto location.
Rialto is located in California. Rialto, California has a population of 103,799. Rialto is more family-centric than the surrounding county with 35.64% of the households containing married families with children. The county average for households married with children is 33.94%.
The median household income in Rialto, California is $69,934. The median household income for the surrounding county is $70,287 compared to the national median of $69,021. The median age of people living in Rialto is 31 years.
The average high temperature in July is 94.9 degrees, with an average low temperature in January of 41.9 degrees. The average rainfall is approximately 14.4 inches per year, with 0 inches of snow per year.
