$ 4,275,000
145 W Grove Street Rialto, CA 92376
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Listed by Kristopher German • RE/MAX 2000 REALTY
$ 4,275,000
Est. payment | /mo
13,610 SqFt
$ 4,275,000
Est. payment | /mo
13,610 SqFt
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
Originating Board Datashare California Regional
Year Built 1974
Lot Size 0.790 Acres
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
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Other
Building
Lot Description Corner Lot, Garden
Water Public
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Paul LeJoy
Broker-Owner | Lic# 01467744