412 W Ramona, Rialto, CA 92376
412 W Ramona, Rialto, CA 92376
412 W Ramona, Rialto, CA 92376
412 W Ramona, Rialto, CA 92376
412 W Ramona, Rialto, CA 92376
412 W Ramona, Rialto, CA 92376
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Joshua Smith

Joshua Smith

+1(619) 279-2250
$ 975,000
Est. payment | /mo

2 Beds

1 Bath

7,686 Sqft Lot

Save
$ 975,000
Est. payment | /mo
Save

2 Beds

1 Bath

7,686 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26106598

Bedrooms 2

Lot Size 7,686 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to present the opportunity to acquire a stabilized quadruplex located at 412 W Ramona Drive in Rialto, California. Located just one block from the historic Route 66 (Foothill Blvd), this one-story property is within walking distance of prime local retail, offering residents an ideal blend of convenience and heritage. This quadruplex presents a rare opportunity to capture a substantial 16% rental upside in the high-demand Inland Empire market, pairing long-term appreciation potential with a stable 5.25% entry cap rate and an 11.27 GRM. With a projected pro forma cap rate of 6.88% upon reaching market rents, the asset is positioned for significant growth. Situated on a generous 7,686 square foot lot with 2,760 rentable square feet area, the property provides a low-density living environment that is increasingly sought after in the region. 412 W Ramona Drive consists of four identical two-bedroom, one-bathroom floor plans with an average size of 690 square feet. Built in 1961, the residences have been thoughtfully maintained and feature modern interior updates with a mix of carpet and vinyl wood flooring. Each unit is designed for convenience with wall-mounted central air and heating, security doors, and efficient kitchens equipped with gas stoves and oven ranges. The exterior is secured by an iron fence and gate, featuring private porches, private yards, and composition roofs. Residents enjoy dedicated surface parking in the rear of the property in addition to ample street parking. This offering presents an opportunity to acquire a stabilized, income-producing

Location

State CA

County San Bernardino

Zoning Assessor

Direction Merge onto I-10 E, Take exit 66 for Cedar Ave, Turn left onto Cedar Ave, Turn left onto S Cactus Ave, Turn right onto W Rialto A

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 0127581120000

Acceptable Financing Cash

Listing Terms Cash

MLS Router / San Diego MLS
Listed by Eric Chen • CB RICHARD ELLIS 
Nearby Locations
Joshua Smith

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 279-2250

josh@yoursdrealtor.com

10085 Carroll Canyon Rd Suite 100, San Diego, California, 92131, USA

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412 W Ramona