237 W Van Koevering, Rialto, California 92376, Rialto, 92376 - 3 bed, 1 bath
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Rialto, California 92376
This property presents a High-Potential Investment Opportunity with a List Price of $419,999—positioned well below the $368,251 Fair Market Value by -14%. While the property requires a full interior renovation due to its Fair Condition Rating, the updated roof, electrical, and plumbing provide a solid foundation for value-add strategies. The 7,300 sq. ft. lot offers significant potential for an ADU conversion or backyard expansion. This is a strategic acquisition ideal for Buy-and-Hold Investors or Fix-and-Flip Investors focused on maximizing rental yield or resale equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 237 W Van Koevering Subject | $419,999* List Price | 3 | 1 | 1,089 | $338 | - |
A 560 W Cornell Sold | $304,000 | 3 | 2 | 1,070 | $284 | 0.4 mi |
B 451 N Oakdale Sold | $510,000 | 3 | 1 | 1,099 | $464 | 0.6 mi |
C 555 W Morgan Sold | $420,000 | 3 | 2 | 1,484 | $283 | 0.4 mi |
D 201 W Rosewood Active Under Contract | $449,900 List Price | 3 | 1 | 1,272 | $354 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954 (70 years old) and marketed as a 'value-add' investor opportunity. While the roof, electrical, and plumbing systems are reportedly updated, the interior finishes, kitchen, and baths appear original or significantly aged and distressed, requiring a full rehab to meet modern standards.
The property features a newer roof, updated electrical, and updated plumbing, significantly reducing the initial capital expenditure required for essential infrastructure repairs.
The generous 7,300 sq. ft. lot and attached two-car garage provide excellent opportunities for an ADU conversion or additional construction to maximize rental income or resale value.
Priced competitively as a value-add opportunity, this property offers a functional floor plan in an established neighborhood close to schools, shopping, and major freeways.
With three bedrooms and only one bathroom, the current configuration may be a drawback for modern families, likely requiring a layout modification to add a second bath.
As an 'investor opportunity,' the home requires significant cosmetic and potentially structural updates to bring it to contemporary market standards, necessitating a substantial renovation budget.
Investor Opportunity in Rialto! Welcome to 237 W. Van Koevering St., a value-add property offering exceptional potential in an established neighborhood. This single-story home features 3 bedrooms, 1 bathroom, approximately 1,089 square feet of living space, and sits on a generous 7,300 sq. ft. lot. Built in 1954, the property offers a functional floor plan, an attached two-car garage, a newer roof, updated electrical, and updated plumbing, providing a solid foundation for your renovation or investment plans. Whether you're looking to renovate and resell, add to your rental portfolio, or unlock the property's full potential, this home presents an outstanding opportunity. The expansive backyard offers ample space for outdoor living enhancements, future improvements, or other possibilities, subject to buyer verification with the City of Rialto. Convert the garage into an ADU or build one in the backyard. Conveniently located near schools, shopping, parks, dining, and major freeways, this property combines strong investment potential with an excellent location. With several major system updates already completed, this is your chance to focus on adding value where it counts. Bring your vision and transform this Rialto property into your next successful investment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,089 | 1,564 |
| Lot Size | 7,300 | 7,827 |
| Price | $420.0K | $603.0K |
| Price per sq ft | $386 | $370 |
| Built year | 1954 | 1985 |
| HOA | $0 | $195 |
| Days on market | 8 | 54 |
Jul 14, 2026
$419,999
Initial Listing