264 W Jackson Street, Rialto, California 92376, Rialto, 92376 - bed, bath
ACTIVE$985,000
264 W Jackson Street, Rialto, California 92376
0Bed
0Bath
4,947Sqft
7,260Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Opportunity: This is a prime quadplex investment opportunity, ideal for generating consistent rental income and long-term asset appreciation.
Top Cons:
Age of Property: Built in 1961, the property's age suggests potential for outdated systems (e.g., plumbing, electrical, HVAC) and future capital expenditures for necessary upgrades or renovations.
Compared to the nearby listings
Price:$985.0K vs avg $1.05M ($-70,000)33%
Size:4,947 sqft vs avg 3,708 sqft89%
Price/sqft:$199 vs avg $28511%
More Insights
Built in 1961 (64 years old).
Condition: Built in 1961, this quadplex shows significant signs of age and deferred maintenance. While some interior flooring appears updated, the presence of window AC units indicates a lack of central cooling, and the overall exterior condition suggests systems are outdated. The absence of kitchen and bathroom photos, combined with the description mentioning 'minimal maintenance' and 'under-market rents,' strongly implies these key areas are likely very dated and require substantial renovation to meet current standards and maximize rental potential. The property is habitable but requires significant investment in major components and cosmetic updates.
Year Built
1961
Close
-
List price
$985K
Original List price
$1.1M
Price/Sqft
$199
HOA
-
Days on market
-
Sold On
-
MLS number
CV25095255
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Prime Quadplex Investment Opportunity in a high demand area of Rialto. Low maintenance quadplex offers strong rental appeal ideal for long term tenant stability. Each spacious unit features 2 bedrooms, 1-bathroom, full kitchen, patio and approximately 1236 sqft of comfortable living space. Long term tenants with under-market rents offers strong income potential with minimal maintenance. The central location provides easy access to major freeways, shopping centers, public transportation and walking distance to schools and parks ensuring consistent tenant demand. One of the lowest priced per sqft. 4plex in the area.
Condition Rating
Poor
Built in 1961, this quadplex shows significant signs of age and deferred maintenance. While some interior flooring appears updated, the presence of window AC units indicates a lack of central cooling, and the overall exterior condition suggests systems are outdated. The absence of kitchen and bathroom photos, combined with the description mentioning 'minimal maintenance' and 'under-market rents,' strongly implies these key areas are likely very dated and require substantial renovation to meet current standards and maximize rental potential. The property is habitable but requires significant investment in major components and cosmetic updates.
Pros & Cons
Pros
Investment Opportunity: This is a prime quadplex investment opportunity, ideal for generating consistent rental income and long-term asset appreciation.
Income Potential: The presence of long-term tenants with under-market rents offers significant immediate income upside for a new owner to increase cash flow.
Central Location: The property boasts a central location with easy access to major freeways, shopping centers, public transportation, schools, and parks, ensuring strong and consistent tenant demand.
Spacious Units: Each unit is spacious, featuring 2 bedrooms, 1 bathroom, a full kitchen, and a patio, providing comfortable living spaces that appeal to tenants.
Competitive Pricing: The property is noted as one of the lowest priced per square foot 4-plexes in the area, presenting a strong value proposition for investors.
Cons
Age of Property: Built in 1961, the property's age suggests potential for outdated systems (e.g., plumbing, electrical, HVAC) and future capital expenditures for necessary upgrades or renovations.
Tenant Transition Challenges: While under-market rents offer potential, transitioning existing long-term tenants to market rates can be a complex process, potentially leading to vacancies or requiring careful tenant management.
Lack of Modern Updates: The description does not specify recent major renovations or modern updates to the units, which for a property of this age, may imply dated interiors requiring investment to maximize rental income and tenant appeal.