145 W Grove Street

Rialto, CA 92376

  • 0 Bed(s)
  • 0 Bath(s)
  • 13,610 Sqft
  • 34409
    Sqft(Lot)
$4,275,000

Description

We are pleased to present an exceptional turn-key investment opportunity in a prime multi-family asset, offering a rare combination of solid cash flow and substantial upside potential. the property features an attractive unit mix of (1) 3-bedroom/2-bathroom, (1) 2-bedroom/2-bathroom, (10) 2-bedroom/1-bathroom, and (3) 1-bedroom/1-bathroom units, making it well-suited for a diverse tenant base. recent capital improvements have brought the property to a "like-new" condition, with 13 out of 15 units undergoing comprehensive renovations that include new flooring, kitchens, bathrooms, walk-in closets, appliances, and updated electrical subpanels. the exterior has also been extensively upgraded, with new hvac systems, a remodeled entryway, refreshed landscaping, and all copper plumbing, ensuring long-term durability and tenant satisfaction.



built in the 1970s, the property features colonial-style architecture and includes valuable amenities that enhance tenant experience, such as gated on-site parking, an on-site laundry facility, and a recreational room. for added privacy, the property offers a private entrance with an intercom system. beyond the current upgrades, this property offers immediate value-add potential with approved plans for three adus, which will allow for increased rental income and overall asset appreciation.



currently, the property boasts a gross rent multiplier (grm) of 12.06 and a capitalization rate (cap rate) of 5.52%, with plenty of upside as market rents continue to rise and the adu plans are implemented. with the combination of significant recent capital expenditures, desirable tenant amenities, and the approved adu plans, this asset is primed for both strong short-term returns and long-term value growth. this is an ideal opportunity for investors looking for a well-maintained, cash-flowing property with substantial upside potential.

  • Property Type

    Residential Income

  • County

    San Bernardino

  • Style

    Colonial

  • AD ID

    47682809

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1974
    • Building Area Total: 13,610

    Security Features

    • Gated Community

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.7899
    • Lot Size Source: Other
    • Lot Size Square Feet: 34409

  • Listing Price Information

    • Original List Price: 4,275,000
    • Listing Contract Date: 2024-11-19

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 0127543010000

  • Garage and Parking

    • Garage Description: Carport,Gated,On Site

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 272 - Rialto
    • Postal Code Plus 4: 5049
    • Directions: Just North of Foothill Blvd. West of Riverside Ave.
    • Source Property Type: Residential Income
    • Area: 272 - Rialto
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 50
    • Common Walls: 2+ Common Walls
    • Property Condition: Updated/Remodeled,Turnkey
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Ground
    • Property Attached: Yes
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BuyOwner last updated this listing 11/21/2024 @ 09:18

  • MLS: CV24236870
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 13,610 sqft, 34,409 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Rialto , in zip code 92376, this San Bernardino County Home are nearby neighborhoods.