139 N Palm Avenue, Rialto, California 92376, Rialto, 92376 - bed, bath
ACTIVE$699,000
139 N Palm Avenue, Rialto, California 92376
0Bed
0Bath
2,683Sqft
7,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Income Potential: As a tenant-occupied duplex, the property offers immediate rental income, making it an attractive investment opportunity from day one.
Top Cons:
Original Construction Age: Built in 1900, the property's original structure is very old, which could lead to potential unforeseen maintenance issues or higher insurance costs despite recent remodels.
Compared to the nearby listings
Price:$699.0K vs avg $1.05M ($-356,000)22%
Size:2,683 sqft vs avg 3,708 sqft22%
Price/sqft:$261 vs avg $28511%
More Insights
Built in 1900 (125 years old).
Condition: This duplex was extensively remodeled in 2020, resulting in modern and appealing interiors. Both kitchens feature white shaker cabinets, contemporary countertops, and stainless steel appliances. Bathrooms are updated with modern vanities and subway tile surrounds. Flooring (laminate and carpet) and recessed lighting are also recent. However, despite the significant interior updates, the property relies on wall heaters and window air conditioning units rather than central HVAC, which is a notable drawback for a 'beautifully remodeled' home and prevents it from meeting current quality standards for all major systems. The original build year of 1900, while mitigated by the remodel, also suggests potential for older underlying infrastructure.
Year Built
1900
Close
-
List price
$699K
Original List price
$738K
Price/Sqft
$261
HOA
-
Days on market
-
Sold On
-
MLS number
IG25190345
Home ConditionGood
Features
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
This duplex was extensively remodeled in 2020, resulting in modern and appealing interiors. Both kitchens feature white shaker cabinets, contemporary countertops, and stainless steel appliances. Bathrooms are updated with modern vanities and subway tile surrounds. Flooring (laminate and carpet) and recessed lighting are also recent. However, despite the significant interior updates, the property relies on wall heaters and window air conditioning units rather than central HVAC, which is a notable drawback for a 'beautifully remodeled' home and prevents it from meeting current quality standards for all major systems. The original build year of 1900, while mitigated by the remodel, also suggests potential for older underlying infrastructure.
Pros & Cons
Pros
Immediate Income Potential: As a tenant-occupied duplex, the property offers immediate rental income, making it an attractive investment opportunity from day one.
Recent Remodel (2020): The property was beautifully remodeled in 2020, suggesting modern updates and reduced immediate maintenance costs for a new owner.
Separate Utility Meters: Both units benefit from separate gas and electric meters, simplifying tenant billing and management for the landlord.
Strategic Location: The property boasts a prime location with easy access to the 210 and 10 Freeways, schools, and shopping, enhancing its appeal to tenants.
Gated Property & Large Backyard: The securely gated property provides added privacy and security, complemented by a spacious 7,000 sq ft lot with a large backyard for tenant enjoyment.
Cons
Original Construction Age: Built in 1900, the property's original structure is very old, which could lead to potential unforeseen maintenance issues or higher insurance costs despite recent remodels.
Tenant Occupancy Limitations: While providing income, current tenant occupancy may limit immediate owner-occupancy options or extensive renovation plans without navigating tenant rights and lease agreements.
Recent Price Reduction: The property's list price was recently reduced from $738,000 to $699,000, which could indicate initial overpricing or a struggle to attract offers at the higher price point.