
Rialto, California 92376
This stabilized quadruplex represents a High-Potential Investment Opportunity, currently listed at a List Price of $975,000. While the property is priced above the $795,730 Fair Market Value, it offers a stable 5.25% entry cap rate and a 16% rental upside. Featuring a Condition Rating of 3, the asset includes modern interior updates and private yards. With its strategic location near Route 66 and strong logistics-driven demand, this is a reliable Buy-and-Hold Asset ideal for 1031 Exchange Buyers or Seasoned Investors seeking long-term growth.
Property is move-in ready.
While built in 1961, the property is described as thoughtfully maintained with modern interior updates including vinyl wood flooring and updated kitchens. The systems, including wall-mounted HVAC and composition roofs, are functional and the units are move-in ready, meeting the criteria for a well-maintained income property.
The property presents a 16% rental upside with a projected pro forma cap rate of 6.88%, offering investors a clear path to value appreciation in the high-demand Inland Empire market.
Located just one block from historic Route 66 and within walking distance of prime retail, the property offers residents exceptional convenience and high walkability.
Built in 1961 but thoughtfully updated, the units feature modern interiors, security doors, and private yards, reducing immediate capital expenditure requirements for a new owner.
Despite interior updates, the 1961 construction date suggests that long-term maintenance of major systems like plumbing and electrical may be necessary.
With all units averaging only 690 square feet, the smaller two-bedroom footprint may limit appeal for tenants seeking more spacious living environments or larger families.
We are pleased to present the opportunity to acquire a stabilized quadruplex located at 412 W Ramona Drive in Rialto, California. Located just one block from the historic Route 66 (Foothill Blvd), this one-story property is within walking distance of prime local retail, offering residents an ideal blend of convenience and heritage. This quadruplex presents a rare opportunity to capture a substantial 16% rental upside in the high-demand Inland Empire market, pairing long-term appreciation potential with a stable 5.25% entry cap rate and an 11.27 GRM. With a projected pro forma cap rate of 6.88% upon reaching market rents, the asset is positioned for significant growth. Situated on a generous ±7,686 square foot lot with ±2,760 rentable square feet area, the property provides a low-density living environment that is increasingly sought after in the region. 412 W Ramona Drive consists of four identical two-bedroom, one-bathroom floor plans with an average size of 690 square feet. Built in 1961, the residences have been thoughtfully maintained and feature modern interior updates with a mix of carpet and vinyl wood flooring. Each unit is designed for convenience with wall-mounted central air and heating, security doors, and efficient kitchens equipped with gas stoves and oven ranges. The exterior is secured by an iron fence and gate, featuring private porches, private yards, and composition roofs. Residents enjoy dedicated surface parking in the rear of the property in addition to ample street parking. This offering presents an opportunity to acquire a stabilized, income-producing asset in one of the nation’s most resilient rental markets. Whether for a 1031 exchange buyer or a seasoned investor, 412 W Ramona Drive provides long-term stability and significant growth potential. The combination of current cash flow and the 16% rental upside offers a clear path to value appreciation, underpinned by the strong economic fundamentals and the logistics-driven growth of the Rialto submarket.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 0.0 | 88% |
| Baths | 4.0 | 0.0 | 75% |
| Square foot | 2,760 | 2,705.5 | 63% |
| Lot Size | 7,686 | 7,981.2 | 50% |
| Price | $975.0K | $740.0K | 75% |
| Price per sq ft | $353 | $275 | 63% |
| Built year | 1961 | 1961 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 173 | 13% |
May 15, 2026
$975,000
Initial Listing
Aug 1, 2017
$525,000
Public Record
Dec 22, 2014
$383,000
Public Record
Jun 23, 2010
$300,000
Public Record
Dec 23, 2004
$455,000
Public Record