25
See all 25 photos
$950,000
Est. payment /mo
3 Beds
2 Baths
New
438 W Ramona Drive 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 SW25148442
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction 10 to Cactus to Rialto
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 0127581140000
Listed by Tony Burton Burton Commercial, Inc.