25
See all 25 photos
$950,000
Est. payment /mo
7,683 Sqft Lot
New
438 W Ramona DR Rialto, CA 92376
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW25148442
HOA Y/N No
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!!!
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
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 10.0
Garage Description 10.0
Pool None
Community Features Curbs, Foothills, Gutter(s)
Total Parking Spaces 10
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 0127581140000
Acceptable Financing Cash, Cash to New Loan, FHA
Listing Terms Cash, Cash to New Loan, FHA
Special Listing Condition Standard
Listed by Tony Burton Burton Commercial, Inc. 951-375-7433