438 W Ramona DR new Save Request In-Person Tour Request Virtual Tour
Rialto,CA 92376
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW25148442
Year Built 1959
Lot Size 7,683 Sqft
Property Sub-Type Quadruplex
Property Description
This listing is a unique offering because it's the best priced Rialto 4Plex offering in years!!
This fine complex is a superb location since it's only walking minutes from grocery, drug store, and bus stop. It's also just minutes from the 10 freeway!!
This complex consists of three 2 bedroom 1 bath units, and one 1 bedroom 1 bath unit.
This is an incredible buy!! Check out the SALE COMPS in the SUPPLEMENTS attached.
SALE COMP 428 W Ramona, just down the street from us & sold for $1,000,000!!!
SALE COMP 1401 N Willow Ave, a few blocks away, is WAY inferior because it's all 1 bedrooms/1 baths & sold for $943,000!!!
This complex really performs! At market rents, it's putting out a $100,740 annual gross income, a 9.43 Gross Rent Multiplier, a robust 9.20% Cap Rate, and an incredible 17.22% Cash on Cash Return!!! For info on returns, income, expenses, rent/sale comps, PLEASE SEE SUPPLEMENTS attached.
Landlord pays water and trash and each tenant has their on metered gas & electric which they sign up and pay for.
Please take a close look at the pictures! These are beautiful units, priced great, and perform really, really, well!!!
Location
State CA
County San Bernardino
Area 272 - Rialto
Interior
Laundry Common Area
Exterior
Garage Spaces 10.0
Garage Description 10.0
Pool None
Community Features Curbs,Foothills,Gutter(s)
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,FHA
Listing Terms Cash,Cash to New Loan,FHA
Special Listing Condition Standard