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:
Prime Investment Opportunity: This property is explicitly marketed as a 'Prime Quadplex Investment Opportunity' in a high-demand area, offering a clear path to income generation.
Top Cons:
Age of Property: Built in 1961, the property's age suggests potential for aging infrastructure, systems (plumbing, electrical), and components that may require future capital expenditures.
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 property shows its age despite some visible updates. The kitchens feature granite countertops and what appear to be relatively newer appliances (like the gas range and dishwasher in some units), along with functional cabinetry. Bathrooms have updated vanities and tiled showers, but the overall style, lighting, and fixtures are basic and dated. Flooring is a mix of tile and laminate, which appears functional but not high-end. The presence of window AC units instead of central air, basic light fixtures, and the general exterior condition indicate that while the property is maintained and livable, it has not undergone a comprehensive modern renovation. It requires minor updates and repairs to enhance its appeal and bring it up to current standards.
Year Built
1961
Close
-
List price
$985K
Original List price
$985K
Price/Sqft
$199
HOA
-
Days on market
-
Sold On
-
MLS number
CV25227714
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Prime Quadplex Investment Opportunity in a high demand area of Rialto. You can move in on the vacant unit (268) and collect rent on the other 3 units. Low maintenance quadplex offers strong rental appeal ideal for long term tenant stability. One unit is a 2 bed 2 bath(vacant), the other 3 spacious units features 2 bedrooms, 1-bathroom, full kitchen, patio and approximately 1236 sqft of comfortable living space each unit. 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. Unit 268 is vacant and can be seen with an appointment.
Condition Rating
Fair
Built in 1961, this property shows its age despite some visible updates. The kitchens feature granite countertops and what appear to be relatively newer appliances (like the gas range and dishwasher in some units), along with functional cabinetry. Bathrooms have updated vanities and tiled showers, but the overall style, lighting, and fixtures are basic and dated. Flooring is a mix of tile and laminate, which appears functional but not high-end. The presence of window AC units instead of central air, basic light fixtures, and the general exterior condition indicate that while the property is maintained and livable, it has not undergone a comprehensive modern renovation. It requires minor updates and repairs to enhance its appeal and bring it up to current standards.
Pros & Cons
Pros
Prime Investment Opportunity: This property is explicitly marketed as a 'Prime Quadplex Investment Opportunity' in a high-demand area, offering a clear path to income generation.
Income Upside Potential: The presence of long-term tenants with 'under-market rents' presents a significant opportunity to increase rental income and improve the property's cap rate over time.
Owner-Occupancy/Immediate Rental Flexibility: One unit (268) is vacant, allowing an owner-investor to move in while collecting rent from the other three units, or to immediately lease it at market rates.
Central & High-Demand Location: The central location in Rialto provides easy access to major freeways, shopping centers, public transportation, schools, and parks, ensuring consistent tenant demand.
Competitive Pricing: The property is noted as 'One of the lowest priced per sqft. 4plex in the area,' indicating strong value relative to comparable properties.
Cons
Age of Property: Built in 1961, the property's age suggests potential for aging infrastructure, systems (plumbing, electrical), and components that may require future capital expenditures.
Current Under-Market Rents: While an opportunity for growth, the current under-market rents mean the property's immediate cash flow is not maximized, requiring active lease management to realize full income potential.
Potential for Dated Interiors: Given the 1961 build and no mention of recent comprehensive renovations, the units may have dated interiors that could require investment to attract premium tenants and achieve top market rents.