REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

The Warburton Team Brokered By EXp

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

$2,500,000

Est. payment - /mo

0.33 Acres Lot

Save

UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID TR26189541

HOA Y/N No

Rental Info Month To Month

Year Built 1962

Annual Tax Amount $12,918

Lot Size 0.333 Acres

Property Sub-Type Apartment

Property Description

Exceptional Multifamily Investment Opportunity | 8-Unit Value-Add Asset
242 W Jackson St, Rialto, CA 92376 | APN: 0127-311-13-0000

Presenting a rare, high-yield investment opportunity in the rapidly growing Inland Empire. Located at 242 W Jackson St, this impressive multi-family property consists of two buildings featuring eight identical, oversized 2-bedroom, 2-bathroom residences. Spanning a massive 1,225 sq. ft. per unit (9,800 total building sq. ft.), these configurations are significantly larger than area averages, driving exceptional long-term tenant retention and competitive rental premiums.

The Ultimate Value-Add Play:

-Significant Upside Potential: Current rents are performing well below market rates, offering a clear path to instant cash flow optimization through programmatic unit turns and strategic lease renewals.

-Separated Utilities: The property is efficiently designed with 9 separate electric meters and 2 separate water meters, keeping operational overhead remarkably low.

-Premium Garage Income: Boasts 11 fully enclosed garages. In a high-density tenant market, these secure units command premium independent rental value or can be bundled to command top-of-market residential rents.

-Ancillary Income: Dedicated space on-site for community laundry facilities creates an immediate, reliable secondary revenue stream.
Prime Location & Infrastructure:

-Commuter Centric: Strategically positioned with immediate, frictionless access to major transit veins including the I-10, I-15, I-210, and I-215 freeways, providing unparalleled connectivity across Southern California.

-Walkable Conveniences: Situated just a 5-minute walk from local retail anchors like the Rialto Shopping Center and Superior Grocers.
Low Maintenance: Positioned on a manageable 0.33-acre lot with highly functional, paved parking and driveway layouts.

Call today! Do not miss your chance to secure a standout, high-square-footage multifamily asset with massive value built-in.

Location

State CA

County San Bernardino

Area 272 - Rialto

Interior

Interior Features Balcony

Heating Central

Cooling Central Air

Flooring Stone

Fireplaces Type Bath, Dining Room, Electric, Family Room, Kitchen, Living Room, Primary Bedroom

Fireplace Yes

Appliance Electric Range, Refrigerator

Laundry Common Area

Exterior

Exterior Feature Lighting

Parking Features Garage, Off Street

Garage Spaces 11.0

Garage Description 11.0

Fence Brick

Pool None

Community Features Street Lights, Sidewalks, Gated

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Flat

Accessibility Safe Emergency Egress from Home

Total Parking Spaces 22

Private Pool No

Building

Lot Description 6-10 Units/Acre

Faces South

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 0127311130000

Security Features Gated Community

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jonathan Chien Pinnacle Real Estate Group 626-841-9687, DRE #01935491

NEARBY SCHOOL & BUSINESS

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get more info from a local expert!

Serving Southern California

Customized quick search tools to explore nearby zip codes, cities, and neighborhoods in your favorite destinations

There are 30 quick searches

Serving Arizona

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations

242 W Jackson Rialto, CA 92376