22
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$4,275,000
Est. payment /mo
13,610 SqFt
Active
145 W Grove Street Rialto, CA 92376
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UPDATED:
12/10/2024 08:14 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,610 sqft
Price per Sqft $314
MLS Listing ID CRCV24236870
HOA Y/N No
Year Built 1974
Lot Size 0.790 Acres
Acres 0.79
Property Description
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, which will allow for increased rent
Location
State CA
County San Bernardino
Area Listing
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Other
Building
Lot Description Corner Lot, Garden
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 0127543010000
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Listed by Kristopher German • RE/MAX 2000 REALTY
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