0.33 Acres Lot
0.33 Acres Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26189541
HOA Y/N No
Rental Info Month To Month
Year Built 1962
Annual Tax Amount $12,918
Lot Size 0.333 Acres
Property Sub-Type Apartment
Property Description
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.
-Walkable Conveniences: Situated just a 5-minute walk from local retail anchors like the Rialto Shopping Center and Superior Grocers.
Low Maintenance: Positioned on a manageable 0.33-acre lot with highly functional, paved parking and driveway layouts.
Call today! Do not miss your chance to secure a standout, high-square-footage multifamily asset with massive value built-in.
Location
State CA
County San Bernardino
Area 272 - Rialto
Interior
Interior Features Balcony
Heating Central
Cooling Central Air
Flooring Stone
Fireplaces Type Bath, Dining Room, Electric, Family Room, Kitchen, Living Room, Primary Bedroom
Fireplace Yes
Appliance Electric Range, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Lighting
Parking Features Garage, Off Street
Garage Spaces 11.0
Garage Description 11.0
Fence Brick
Pool None
Community Features Street Lights, Sidewalks, Gated
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Flat
Accessibility Safe Emergency Egress from Home
Total Parking Spaces 22
Private Pool No
Building
Lot Description 6-10 Units/Acre
Faces South
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 0127311130000
Security Features Gated Community
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
