160 W Cascade, Rialto, California 92376, Rialto, 92376 - 0 bed, 0 bath
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Rialto, California 92376
This Strategic Multi-Family Asset is a high-performing quadruplex listed at $1,190,000, positioned near its $1,122,480 Fair Market Value. The property delivers a robust $7,690 in monthly gross income with the significant advantage of no rent control and month-to-month leases. Holding a Condition Rating of 4, the building features essential upgrades including a newer roof and copper plumbing, plus a private patio with distant mountain views. This is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating property in a high-growth area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 160 W Cascade Subject | $1,190,000* List Price | 0 | 0 | 3,608 | $311 | - |
A 1031 N Lilac Avenue Sold | $1,020,000 | 0 | 0 | 3,765 | $271 | 0.7 mi |
B 249 E Jackson Street Sold | $1,295,000 | 0 | 0 | 4,776 | $271 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1968, this property is aged but appears to be maintained. While it benefits from a newer 5-year-old roof and copper plumbing, the interior images reveal significantly outdated kitchens and bathrooms with basic fixtures and finishes. The presence of wall AC units further indicates older, less efficient systems. The tile flooring throughout is functional but not modern. The property is livable and functional, but requires minor to moderate updates to meet current aesthetic and efficiency standards.
This fourplex is an excellent investment opportunity with a current monthly income of $7,690, supported by a history of no late rent payments and no Section 8 tenants. The absence of rent control and month-to-month leases offer significant flexibility for future rent adjustments and property management.
The property features separate electric and gas meters for each unit, with tenants responsible for these utilities, significantly reducing the owner's monthly operating expenses. Each unit also includes its own 1-car garage.
Key updates include a newer 5-year-old roof and copper plumbing throughout, indicating proactive maintenance and reducing immediate capital expenditure concerns for a new owner.
Built in 1968, the property is over 50 years old. While some updates are noted, the presence of 'Wall AC units' suggests an older, less efficient cooling system compared to central air, which could be a drawback for tenants and lead to higher energy consumption.
The property has only one water meter for all four units, meaning the owner is likely responsible for the entire water bill, which can be a significant and variable operating expense not covered by tenants.
The square footage for each unit is listed as 'estimated,' which may require verification during due diligence to ensure accuracy and avoid potential discrepancies.
Excellent Investment opportunity 4 units property on a big corner lot! This well-maintained fourplex in a great location, making it a prime investment for both short-term and long-term strategies. The front unit A offers 3beds/2baths, and the other three units B,C,D each have 2beds/1bath. Newer 5-year-old roof for added durability. Tile flooring throughout the house for easy maintenance. All plumbing is copper. Each unit has its own 1-car garage, 4 separate electric meters, 5 separate gas meters, , 1 water meter, 4 disposal, with tenants responsible for electricity and gas bill. Wall Ac units in each unit. There've been no late rent payments from tenants. The tenants are on month-to-month lease, and there are also no section 8 tenants. There is no rent control. Unit A is approximately 1,058 square feet (estimated), while Units B, C, and D are each approximately 850 square feet (estimated). - Unit A (3 beds / 2 baths) is currently rented at $2,400. - Unit B (2 beds / 1 bath) is rented at $1,640. - Unit C (2beds/1 bath) is rented at $1,900. - Unit D (2beds/1 bath) is rented at $1,750. Located in a rapidly growing area, this property is close to major amenities, including, restaurants, jack in the box, In-N-Out Burger, the coffee Bean & Tea Leaf, Walmart, markets, schools, USPS post office, and freeway access 210, making it highly desirable for tenants. Don't miss out on this fantastic income - generating opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,608 | 2,728 | 71% |
| Lot Size | 8,214 | 8,276.4 | 43% |
| Price | $1.19M | $760.0K | 86% |
| Price per sq ft | $330 | $286 | 57% |
| Built year | 1968 | 1965 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 175 | 175 | 57% |
Oct 29, 2025
$1,190,000
Initial Listing