Price Reduced Listing
Description
Turnkey multi-family opportunity featuring two fully detached, single-story 1-Bed/1-Bath cottages on a spacious 8,100 sq. ft. lot. Completely renovated from the studs with luxury finishes throughout. Due to its spacious layout, the large front cottage is utilized as a 2-Bedroom unit. Strong rents are currently in place, providing great income. (One of, if not the, only local two-unit property on the market that has a positive cash-flow!) Both units were renovated from the ground up: new systems & interiors leading to minimal deferred maintenance and reduced capital expenditure risk for years to come. Each cottage offers tenants their own private yard space (front or back) plus ample onsite parking. Expense structure favors the owner: only the front unit's water bill is owner-paid, with tenants responsible for all other utilities, keeping operating costs lean and NOI predictable. An onsite garage adds further upside, with potential for ADU conversion (buyer to verify feasibility with the City of Rialto); a compelling value-add play for investors looking to add a third income stream down the line. Located just minutes from vibrant Downtown Rialto, the property benefits from proximity to local retail, dining, and everyday conveniences that support consistent tenant demand. *The property is located adjacent to a railway track that has been shut down, no trains pass by.
Details
| MLS # | CV26177837 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1946 |
| Days On Site | 19 |
| Listing Provided By | RE/MAX 2000 REALTY | Kristopher German |
Features
| SQ Feet | 1,368 |
|---|---|
| Garage | 1 |
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 2 |
| Zoning | R2 |
| Acreage | 0.19 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | Yes |
| Interior Features | All Bedrooms Down |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Lot Features | Zero To One Unit Acre |
| Fencing | Chain Link |
Parking
| Parking Features | Garage, Paved |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Gutters, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | Rialto |
| Zip Code | 92376 |
| Area | 272 Rialto |
| Listing VS Median (in 92376) | |
Price: $540,000 low | high Med: $549,900 sqft: 1,368 low | high Med: 1,077 $ / sqft: $395 low | high Med: $511 On site: 19 low | high Med: 34 | |
Market Activity 92376
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Rialto |
| Zip Code | 92376 |
| Area | 272 Rialto |
| Listing VS Median (in 92376) | |
Price: $540,000 low | high Med: $549,900 sqft: 1,368 low | high Med: 1,077 $ / sqft: $395 low | high Med: $511 On site: 19 low | high Med: 34 | |
 | $519,999124 S OliveRialto, CA 92376 |