CA > Rialto
Rialto, CA 92376,438 W Ramona Drive
Rialto, CA 92376,438 W Ramona Drive
Rialto, CA 92376,438 W Ramona Drive
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$950,000
Est. payment /mo
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3 Beds
2 Baths
Active

438 W Ramona Drive Rialto, CA 92376

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Patty Doyle

Patty Doyle

+1(619) 886-0321

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW25148442

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

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. The Seller has kept the units updated, inside and out. Also, the Seller put on a new roof in 2019!!! This is an incredible buy!! Check out the SALE COMPS in the SUPPLEMENTS attached. SALE COMP 428 W Ramona, just down the street from us & sold for $1,000,000!!! SALE COMP 1401 N Willow Ave, a few blocks away, is WAY inferior because it's all 1 bedrooms/1 baths & 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 SUPPLEMENTS 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!!!

Location

State CA

County San Bernardino

Zoning Assessor

Direction 10 to Cactus to Rialto

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 0127581140000

MLS Router / San Diego MLS
Listed by Tony Burton Burton Commercial, Inc.

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agent

Patty Doyle

Agent | License ID: 01507441

+1(619) 886-0321

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438 W Ramona Drive

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