139 N Palm Avenue, Rialto, California 92376, Rialto, 92376 - 5 bed, 4 bath
ACTIVE$789,900
139 N Palm Avenue, Rialto, California 92376
5Beds
4Baths
2,683Sqft
7,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Rental Income: The property is currently occupied by tenants, offering immediate income potential for investors.
Top Cons:
Historic Original Construction: Built in 1900, the underlying structure's age may present potential long-term maintenance challenges despite recent updates.
Compared to the nearby listings
Price:$789.9K vs avg $1.05M ($-265,100)22%
Size:2,683 sqft vs avg 3,708 sqft22%
Price/sqft:$294 vs avg $28578%
More Insights
Built in 1900 (125 years old).
Condition: The property, built in 1900, benefits from an extensive remodel in 2020, bringing many interior elements up to modern standards, including updated flooring, recessed lighting, and renovated bathrooms with contemporary vanities and tiling. The description mentions an 'updated kitchen' for Unit 1, and the visible bathroom updates are positive. However, the presence of multiple window AC units indicates a lack of central air conditioning, which is a significant drawback for a 'fully renovated' property. One bathroom image also shows minor wall damage (peeling paint/water staining) near the shower. While largely move-in ready and recently updated, these factors, combined with the underlying 1900 structure and lack of specific details on major system (plumbing, electrical, roof) overhauls, prevent it from reaching an 'Excellent' score. It's a solid 'Good' due to the recent cosmetic and partial functional updates.
Year Built
1900
Close
-
List price
$790K
Original List price
$790K
Price/Sqft
$294
HOA
-
Days on market
-
Sold On
-
MLS number
IG25126679
Home ConditionGood
Features
Deck
View-
About this home
Discover an exceptional investment opportunity in a desirable Rialto neighborhood! This beautifully remodeled duplex, updated in 2020, is securely gated and currently occupied by tenants, offering immediate income potential. The property boasts a total of 2,683 square feet on a spacious 7,000 square foot lot. Unit 1 features 2 bedrooms and 2 bathrooms, an updated kitchen, a large living room, and convenient laundry hook-ups. Unit 2 offers 3 bedrooms and 2 bathrooms. Both units benefit from separate gas and electric meters. Enjoy a large backyard, perfect for relaxation or entertainment. Its prime location provides easy access to the 210 and 10 Freeways, as well as proximity to schools and shopping.
Condition Rating
Good
The property, built in 1900, benefits from an extensive remodel in 2020, bringing many interior elements up to modern standards, including updated flooring, recessed lighting, and renovated bathrooms with contemporary vanities and tiling. The description mentions an 'updated kitchen' for Unit 1, and the visible bathroom updates are positive. However, the presence of multiple window AC units indicates a lack of central air conditioning, which is a significant drawback for a 'fully renovated' property. One bathroom image also shows minor wall damage (peeling paint/water staining) near the shower. While largely move-in ready and recently updated, these factors, combined with the underlying 1900 structure and lack of specific details on major system (plumbing, electrical, roof) overhauls, prevent it from reaching an 'Excellent' score. It's a solid 'Good' due to the recent cosmetic and partial functional updates.
Pros & Cons
Pros
Immediate Rental Income: The property is currently occupied by tenants, offering immediate income potential for investors.
Recent Extensive Remodel: Beautifully remodeled and updated in 2020, suggesting modern aesthetics and reduced immediate maintenance needs.
Independent Utility Metering: Both units benefit from separate gas and electric meters, simplifying tenant billing and management.
Strategic Freeway Access: Prime location with easy access to the 210 and 10 Freeways, enhancing tenant desirability and commute convenience.
Enhanced Security Features: The property is securely gated, offering an added layer of privacy and safety for residents.
Cons
Historic Original Construction: Built in 1900, the underlying structure's age may present potential long-term maintenance challenges despite recent updates.
Limited Remodel Detail: While updated in 2020, the description lacks specifics on the full scope of the remodel, particularly regarding major system upgrades (e.g., plumbing, electrical, roof).
Absence of Scenic Views: The property does not offer any notable views, which could be a limiting factor for some buyers seeking premium aesthetic features.