19
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$975,000
Est. payment /mo
2 Beds
1 Bath
7,686 Sqft Lot
New
412 W Ramona Rialto, CA 92376
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26106598
Bedrooms 2
Lot Size 7,686 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present the opportunity to acquire a stabilized quadruplex located at 412 W Ramona Drive in Rialto, California. Located just one block from the historic Route 66 (Foothill Blvd), this one-story property is within walking distance of prime local retail, offering residents an ideal blend of convenience and heritage. This quadruplex presents a rare opportunity to capture a substantial 16% rental upside in the high-demand Inland Empire market, pairing long-term appreciation potential with a stable 5.25% entry cap rate and an 11.27 GRM. With a projected pro forma cap rate of 6.88% upon reaching market rents, the asset is positioned for significant growth. Situated on a generous 7,686 square foot lot with 2,760 rentable square feet area, the property provides a low-density living environment that is increasingly sought after in the region. 412 W Ramona Drive consists of four identical two-bedroom, one-bathroom floor plans with an average size of 690 square feet. Built in 1961, the residences have been thoughtfully maintained and feature modern interior updates with a mix of carpet and vinyl wood flooring. Each unit is designed for convenience with wall-mounted central air and heating, security doors, and efficient kitchens equipped with gas stoves and oven ranges. The exterior is secured by an iron fence and gate, featuring private porches, private yards, and composition roofs. Residents enjoy dedicated surface parking in the rear of the property in addition to ample street parking. This offering presents an opportunity to acquire a stabilized, income-producing
Location
State CA
County San Bernardino
Zoning Assessor
Direction Merge onto I-10 E, Take exit 66 for Cedar Ave, Turn left onto Cedar Ave, Turn left onto S Cactus Ave, Turn right onto W Rialto A
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 0127581120000
Acceptable Financing Cash
Listing Terms Cash
Listed by Eric Chen • CB RICHARD ELLIS
Nearby Locations
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