Price Reduced Listing
Description
Exceptional Multifamily Investment Opportunity | 8-Unit Value-Add Asset 242 W Jackson St, Rialto, CA 92376 | APN: 0127-311-13-0000 Presenting a rare, high-yield investment opportunity in the rapidly growing Inland Empire. Located at 242 W Jackson St, this impressive multi-family property consists of two buildings featuring eight identical, oversized 2-bedroom, 2-bathroom residences. Spanning a massive 1,225 sq. ft. per unit (9,800 total building sq. ft.), these configurations are significantly larger than area averages, driving exceptional long-term tenant retention and competitive rental premiums. The Ultimate Value-Add Play: -Significant Upside Potential: Current rents are performing well below market rates, offering a clear path to instant cash flow optimization through programmatic unit turns and strategic lease renewals. -Separated Utilities: The property is efficiently designed with 9 separate electric meters and 2 separate water meters, keeping operational overhead remarkably low. -Premium Garage Income: Boasts 11 fully enclosed garages. In a high-density tenant market, these secure units command premium independent rental value or can be bundled to command top-of-market residential rents. -Ancillary Income: Dedicated space on-site for community laundry facilities creates an immediate, reliable secondary revenue stream. Prime Location & Infrastructure: -Commuter Centric: Strategically positioned with immediate, frictionless access to major transit veins including the I-10, I-15, I-210, and I-215 freeways, providing unparalleled connectivity across Southern California. -Walkable Conveniences: Situated just a 5-minute walk from local retail anchors like the Rialto Shopping Center and Superior Grocers. Low Maintenance: Positioned on a manageable 0.33-acre lot with highly functional, paved parking and driveway layouts. Call today! Do not miss your chance to secure a standout, high-square-footage multifamily asset with massive value built-in.
Details
| MLS | TR26189541 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 13 |
| Listing Provided By | Pinnacle Real Estate Group | Jonathan Chien |
Features
| SQ Feet | 9,800 |
|---|---|
| Garage | 11 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 2 |
| Acreage | 0.33 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Balcony |
| Appliances | Electric Range, Refrigerator |
| Fireplace Yes / No | Yes |
Exterior
| Exterior Features | Lighting |
|---|---|
| Roof | Flat |
| Security Features | Gated Community |
| Construction Materials | Stucco |
| Lot Features | Six To Ten Units Acre |
| Fencing | Brick |
Parking
| Parking Features | Garage, Off Street |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Street Lights, Sidewalks, Gated |
|---|
Taxes
| Property | 12918 |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | Rialto |
| Zip Code | 92376 |
| Area | 272 Rialto |
| Listing VS Median (in 92376) | |
Price: $2,499,999 low | high Med: $549,999 sqft: 9,800 low | high Med: 1,368 $ / sqft: $255 low | high Med: $402 On site: 13 low | high Med: 87 | |
Market Activity 92376
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Rialto |
| Zip Code | 92376 |
| Area | 272 Rialto |
| Listing VS Median (in 92376) | |
Price: $2,499,999 low | high Med: $549,999 sqft: 9,800 low | high Med: 1,368 $ / sqft: $255 low | high Med: $402 On site: 13 low | high Med: 87 | |