145 W Grove Street, Rialto, CA 92376 - MLS#CRCV24236870

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Paolo Ocampo

paolo.ocampo@exprealty.com +1(510) 736-3886

Listed by Kristopher German • RE/MAX 2000 REALTY

$4,275,000

Est. payment - /mo

13,610 SqFt

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UPDATED:

12/11/2024 03:38 AM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 13,610 sqft

Price per Sqft $314

MLS Listing ID CRCV24236870

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1974

Lot Size 0.790 Acres

Property Description

We are pleased to present an exceptional turn-key investment opportunity in a prime multi-family asset, offering a rare combination of solid cash flow and substantial upside potential. The property features an attractive unit mix of (1) 3-Bedroom/2-Bathroom, (1) 2-Bedroom/2-Bathroom, (10) 2-Bedroom/1-Bathroom, and (3) 1-Bedroom/1-Bathroom units, making it well-suited for a diverse tenant base. Recent capital improvements have brought the property to a "like-new" condition, with 13 out of 15 units undergoing comprehensive renovations that include new flooring, kitchens, bathrooms, walk-in closets, appliances, and updated electrical subpanels. The exterior has also been extensively upgraded, with new HVAC systems, a remodeled entryway, refreshed landscaping, and all copper plumbing, ensuring long-term durability and tenant satisfaction. Built in the 1970s, the property features colonial-style architecture and includes valuable amenities that enhance tenant experience, such as gated on-site parking, an on-site laundry facility, and a recreational room. For added privacy, the property offers a private entrance with an intercom system. Beyond the current upgrades, this property offers immediate value-add potential with approved plans for three ADUs, which will allow for increased rent

Location

State CA

County San Bernardino

Interior

Heating Other

Cooling Central Air

Fireplace No

Laundry Other

Building

Lot Description Corner Lot, Garden

Water Public

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Paolo Ocampo

+1(510) 736-3886

Agent | CA BRE #02127190

Agent CA BRE #02127190