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$ 2,499,999
Est. payment | /mo
8 Beds
8 Baths
0.33 Acres Lot
$ 2,499,999
Est. payment | /mo
8 Beds
8 Baths
0.33 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26189541
Bedrooms 8
Lot Size 0.333 Acres
Property Sub-Type Res Income 2-4 Units
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
Location
State CA
County San Bernardino
Zoning See Remark
Direction Address Units are 244,246,248,250,256,258,260,262 W. Jackson St./Willow Ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 0127311130000
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Jonathan Chien, DRE#01935491 Pinnacle Real Estate Group
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