1040 S Alice, Rialto, California 92376, Rialto, 92376 - 3 bed, 2 bath
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1040 S Alice
Rialto, California 92376
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,238Sq Ft
11,200Lot Size
Property Price
LIST PRICE$600,000
EST. MARKET VALUE
$568,489
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $600,000—positioned well below the $568,490 Fair Market Value by -5%. While the home requires cosmetic updates, its Fair Condition Rating and expansive 11,200 sqft lot provide significant upside for forced appreciation. The 3-bedroom, 2-bathroom layout offers a functional foundation for modernization. This asset is an ideal acquisition for Fix-and-Flip Investors or handy owner-occupants looking to build immediate equity through strategic renovations in the Rialto Unified district.
Estimated Market Value
$568,489
Based on Realkey algorithm analyzing recent comparable sales in Rialto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1040 S Alice Subject | $600,000* List Price | 3 | 2 | 1,238 | $459 | - |
A 329 Hawthorne Sold | $450,000 | 3 | 2 | 1,170 | $385 | 0.1 mi |
B 542 S Lilac Sold | $570,000 | 3 | 2 | 1,322 | $431 | 0.7 mi |
C 223 E Alru Sold | $590,000 | 4 | 2 | 1,606 | $367 | 0.5 mi |
D 506 S Althea Sold | $600,000 | 3 | 2 | 1,647 | $364 | 0.8 mi |
E 285 E Carter Sold | $475,000 | 4 | 2 | 1,231 | $386 | 0.7 mi |
F 357 W Woodcrest St. Active | $528,000 List Price | 3 | 2 | 1,182 | $447 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979 (45 years old), the property is functional but dated, requiring cosmetic 'TLC' such as interior/exterior paint, new flooring, and popcorn ceiling removal. The kitchen and bathrooms feature mid-range updates (granite counters, tile flooring) that appear to be 15-25 years old, placing it squarely in the Fair category rather than Poor, as it remains habitable and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11200, living area = 1238.
- Generous Lot Size
The property features a substantial 11,200 square foot lot, offering significant space for outdoor activities, landscaping, or the potential addition of an Accessory Dwelling Unit (ADU).
- Investment Potential
Identified as a property in need of TLC, it presents a prime opportunity for investors or handy homeowners to build immediate equity through strategic renovations and modernization.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The residence requires immediate cosmetic updates, including interior and exterior paint, new carpeting in the den, and the removal of dated popcorn ceilings.
- Dated Interior Finishes
The presence of older kitchen cabinets and original 1970s elements suggests a need for a full kitchen remodel to bring the home up to contemporary standards.
About 1040 S Alice
*** Decent property in need of some t.l.c., may need some interior and exterior paint, older kitchen cabinets, popcorn ceilings, den will need carpet and paint, but it has some potential.********
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 11,200 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,238 | 1,588.43 |
| Lot Size | 11,200 | 8,089.32 |
| Price | $600.0K | $600.2K |
| Price per sq ft | $485 | $368 |
| Built year | 1979 | 1981 |
| HOA | $0 | $229 |
| Days on market | 16 | 54 |
Pricing History
Listed for Sale
Aug 24, 2026
$600,000
Initial Listing
Sold
Sep 18, 2015
$370,000
Public Record