1525 N Palm Ave - Apartments FOR SALE


Rialto, CA 92376
$7,500,000 USD
408-510-9057
1525 N Palm Ave, Rialto, CA for Sale
$7,500,000 USD
Apartments - FOR SALE
1/3
null | 4.88% Cap Rate

1525 N Palm Ave
Rialto, CA 92376


HIGHLIGHTS

  • Also Available For Sale: Neighboring 8Unit Asset (1520 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 modern, 2008-construction, 20-unit townhome-style multifamily community located at 1525 N Palm Avenue in Rialto, California. Totaling approximately 21,440 rentable square feet, the property features an attractive mix of six 2-bedroom / 2.5-bath units and fourteen 3-bedroom / 2.5-bath units floor plans that consistently appeal to families and working professionals seeking larger layouts, private entrances, and a residential living experience not typically found in traditional apartment buildings. The asset has been meticulously maintained and operates as a turnkey investment with minimal anticipated near-term capital expenditures. Built to condo-quality specifications, the property offers durable construction, modern design, and strong long-term operational efficiency. In-place rents remain slightly below market, providing immediate upside through natural turnover and light interior upgrades. Located within the high-growth Inland Empire, one of the fastest-expanding and most economically diverse regions in California, the property benefits from powerful multifamily fundamentals. The Riverside-San Bernardino MSA continues to experience strong absorption, historically low vacancy rates, and sustained demand from renters priced out of Los Angeles and Orange County. This dynamic positions 1525 N Palm Avenue to maintain high occupancy, competitive rent growth, and long-term appreciation.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$284 USD /SF

# OF UNITS

20

PRICE/UNIT

$375,000

CAP RATE

4.88%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trophy 20-Unit Townhome-Style Apt Community

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,742 SF

ZONING

R3

APN/PARCEL ID

0127-151-20

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.