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Key Details
Sold Price $630,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV22130065
Sold Date 09/21/22
Bedrooms 4
HOA Y/N No
Lot Size 7,200 Sqft
Property Description
Great Investment Triplex Property in the City of Rialto!Near 210 freeway, Schools, and shopping centers. Property consists of ONE- 2 Bedroom 1 bath unit and TWO- 1bedroom 1 bath units. Each has it's own carport . All three units have newer kitchens installed. Property includes semi new coin operating washer and dryer, concrete common patio, water efficient landscaping, newer water heaters and AC Units. While the current owners have rarely raised rental rates, the city of Rialto rental market has offered strong rental demand and rental rate growth over the last decade, with rents growing by 15.2% in 2021 and poised to grow at a 7.8% rate this year. With market rental rates in place, there is an approximate 55% upside in rental income.
Great Investment Triplex Property in the City of Rialto!Near 210 freeway, Schools, and shopping centers. Property consists of ONE- 2 Bedroom 1 bath unit and TWO- 1bedroom 1 bath units. Each has it's own carport . All three units have newer kitchens installed. Property includes semi new coin operating washer and dryer, concrete common patio, water efficient landscaping, newer water heaters and AC Units. While the current owners have rarely raised rental rates, the city of Rialto rental market has offered strong rental demand and rental rate growth over the last decade, with rents growing by 15.2% in 2021 and poised to grow at a 7.8% rate this year. With market rental rates in place, there is an approximate 55% upside in rental income.
Location
State CA
County San Bernardino
Area Rialto (92376)
Zoning Seller
Interior
Cooling Wall/Window
Building
Lot Description Corner Lot, Sidewalks
Lot Size Range 4000-7499 SF
Others
Acceptable Financing Cash, Conventional, FHA
Space Rent $1,200
Listing Terms Cash, Conventional, FHA
Financing Conventional
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Prashant Sampat • Pacific Avenue Realty