438 W Ramona Dr - Apartments FOR SALE


Rialto, CA 92376
$950,000 USD
951-375-7433
438 W Ramona Dr, Rialto, CA for Sale
$950,000 USD
Apartments - FOR SALE
1/26
null | 9.2% Cap Rate

438 W Ramona Dr
Rialto, CA 92376


HIGHLIGHTS

  • BEST PRICED RIALTO 4PLEX IN YEARS!!
  • BEAUTIFUL UPGRADED UNITS, INSIDE AND OUT!!
  • SUPER PERFORMING WITH A 9.20% CAP RATE, AND A 17.22% CASH ON CASH RETURN!!

OVERVIEW

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 MARKETING PACKAGE attached. SALE COMP 428 W Ramona, just down the street from us. It sold for $1,000,000!!! SALE COMP 1401 N Willow Ave, a few blocks away, is inferior because it's all 1 bedrooms, 1 baths. It 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 MARKETING PACKAGE 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!!!

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,500

CAP RATE

9.2%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

RIALTO 4PLEX, 9,20% CAP! 17.22% CASH/CASH!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,579 SF

ZONING

R3, Rialto

APN/PARCEL ID

0127-581-13

ASK ABOUT THIS PROPERTY

Tony BurtonBurton RealtyMore Info
951-375-7433

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Tony BurtonBurton RealtyMore Info
951-375-7433

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