22
See all 22 photos
$4,100,000
Est. payment /mo
0.79 Acres Lot
Price Dropped by $175K
145 W Grove ST Rialto, CA 92376
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UPDATED:
01/31/2025 01:43 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV24236870
Style Colonial
Originating Board California Regional MLS
Year Built 1974
Lot Size 0.790 Acres
Property Description
6.03% Current CAP Rate & 11.27 GRM! 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,
Location
State CA
County San Bernardino
Area 272 - Rialto
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Laundry Area
Exterior
Parking Features Carport , Common Parking Area, Gate / Door Opener
Garage Spaces 20.0
Pool None
Building
Water District - Public
Architectural Style Colonial
Others
Tax ID 0127543010000
Special Listing Condition Not Applicable
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Listed by Kristopher German • RE/MAX 2000 REALTY