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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$975,000

Est. payment - /mo

7,683 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26106598

HOA Y/N No

Year Built 1961

Lot Size 7,683 Sqft

Property Sub-Type Quadruplex

Property Description

We are pleased to present the opportunity to acquire a stabilized quadruplex located at 412 W Ramona Drive in Rialto, California.
Located just one block from the historic Route 66 (Foothill Blvd), this one-story property is within walking distance of prime local retail, offering residents an ideal blend of convenience and heritage. This quadruplex presents a rare opportunity to capture a substantial 16% rental upside in the high-demand Inland Empire market, pairing long-term appreciation potential with a stable 5.25% entry cap rate and an 11.27 GRM. With a projected pro forma cap rate of 6.88% upon reaching market rents, the asset is positioned for significant growth. Situated on a generous ±7,686 square foot lot with ±2,760 rentable square feet area, the property provides a low-density living environment that is increasingly sought after in the region. 412 W Ramona Drive consists of four identical two-bedroom, one-bathroom floor plans with an average size of 690 square feet. Built in 1961, the residences have been thoughtfully maintained and feature modern interior updates with a mix of carpet and vinyl wood flooring. Each unit is designed for convenience with wall-mounted central air and heating, security doors, and efficient kitchens equipped with gas stoves and oven ranges. The exterior is secured by an iron fence and gate, featuring private porches, private yards, and composition roofs. Residents enjoy dedicated surface parking in the rear of the property in addition to ample street parking. This offering presents an opportunity to acquire a stabilized, income-producing asset in one of the nation's most resilient rental markets. Whether for a 1031 exchange buyer or a seasoned investor, 412 W Ramona Drive provides long-term stability and significant growth potential. The combination of current cash flow and the 16% rental upside offers a clear path to value appreciation, underpinned by the strong economic fundamentals and the logistics-driven growth of the Rialto submarket.

Location

State CA

County San Bernardino

Area 272 - Rialto

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 0127581120000

Energy Description 94.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Eric Chen CB RICHARD ELLIS 626-757-5717

NEARBY SCHOOL & BUSINESS

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412 W Ramona Rialto, CA 92376