1520 N Palm Ave - Apartments FOR SALE


Rialto, CA 92376
$3,040,000 USD
408-510-9057
1520 N Palm Ave, Rialto, CA for Sale
$3,040,000 USD
Apartments - FOR SALE
1/4
null | 5.12% Cap Rate

1520 N Palm Ave
Rialto, CA 92376


HIGHLIGHTS

  • Also Available For Sale: Neighboring 20-Unit Asset (1525 N Palm Ave), Built With Identical Design and Vintage
  • 2008 Construction | Townhome Layout Built to Condo Specs
  • Central A/C & Heat, Washer & Dryer Hook-Ups, and Upgraded Kitchens W/ Granite Countertops
  • Each Units Includes an Attached Single Car Enclosed Garage and One Outdoor Parking Space
  • Attractive Unit Mix with Built-In Rent Upside
  • Located in the High-Growth Inland Empire Market

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a turnkey, 2008-construction, 8-unit townhome-style multifamily asset located at 1520 N Palm Avenue in Rialto, California. The property features eight spacious, well-designed units totaling approximately 8,576 rentable square feet, consisting of two 2-bedroom / 2.5-bath townhomes and six 3-bedroom / 2.5-bath townhomes. Built to condo-quality specifications and meticulously maintained, the asset offers investors a low-maintenance, institutional-quality product in one of Southern California’s strongest rental markets. Situated in the heart of the Inland Empire, one of the fastest-growing and most economically diverse regions in the state, the property benefits from powerful multifamily fundamentals. The Riverside-San Bernardino MSA continues to experience sustained population growth, strong absorption, and historically low vacancy rates as renters seek more affordable alternatives to Los Angeles and Orange County. This demand dynamic supports stable occupancy, competitive rent growth, and long-term appreciation for well-located assets like 1520 N Palm Avenue. The property’s in-place rents remain slightly below market, providing immediate upside through natural turnover and light interior upgrades. With limited near-term capital needs and a desirable townhome layout that appeals to families and working professionals, the asset is positioned to outperform newer Class A developments on a value basis while maintaining consistent tenant demand.

FOR SALE DETAILS

PRICE

$3,040,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

8

PRICE/UNIT

$380,000

CAP RATE

5.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey 8-Unit Townhome-Style Apt Community

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,614 SF

ZONING

R3

APN/PARCEL ID

0127-151-19

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.