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Listed by Jonathan Chien, DRE #01935491 • Pinnacle Real Estate Group
$ 2,500,000
Est. payment | /mo
0.33 Acres Lot
$ 2,500,000
Est. payment | /mo
0.33 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR26189541
Year Built 1962
Lot Size 0.333 Acres
Source California Regional MLS
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
Location
State CA
County San Bernardino
Area 272 - Rialto
Rooms
Kitchen Oven Range - Electric, Refrigerator
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Laundry Area, Washer/Dryer - Owned
Exterior
Parking Features Garage, Off-Street Parking
Garage Spaces 22.0
Pool 31, None
View Local/Neighborhood
Roof Type Flat / Low Pitch
Building
Water District - Public
Others
Tax ID 0127311130000
Special Listing Condition Not Applicable
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Broker-Associate Lic# DRE# 01835996