610 S Olive Avenue, Rialto, California 92376, Rialto, 92376 - 5 bed, 4 bath

610 S Olive Avenue, Rialto, California 92376 home-pic-0
ACTIVE UNDER CONTRACT$699,999
610 S Olive Avenue, Rialto, California 92376
5Beds
4Baths
2,728Sqft
11,900Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Investment Potential: Explicitly highlighted as an 'Incredible investment opportunity!' offering 'reliable rental income' in a 'steadily growing market'.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 7.

Compared to the nearby listings

Price:$700.0K vs avg $1.05M ($-355,001)22%
Size:2,728 sqft vs avg 3,708 sqft22%
Price/sqft:$257 vs avg $28511%

More Insights

Built in 1980 (45 years old).
Condition: The property, built in 1980, has undergone significant interior renovations across all three units, including upgraded kitchens and bathrooms with modern finishes like shaker cabinets, granite/white countertops, stainless steel appliances, and LVP flooring. Recessed lighting is present throughout. While the underlying structure is 44 years old, the extensive and relatively recent updates (likely within the last 5-15 years) make the property move-in ready with a clean, modern feel and minimal immediate maintenance required. The overall condition of the living spaces is well-maintained, aligning with the 'Good' criteria for properties extensively renovated within 5 to 15 years.
Year Built
1980
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$257
HOA
-
Days on market
-
Sold On
-
MLS number
CV25265274
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Incredible investment opportunity! This well-maintained triplex in the city of Rialto sits prominently on a desirable corner lot, offering excellent visibility, accessibility, and long-term value. The property features three upgraded units, each thoughtfully designed for comfort and convenience. Unit A offers a well-appointed 1 bedroom, 1 bathroom layout with modern finishes, while Unit B mirrors this floor plan with its own 1 bedroom, 1 bathroom configuration, providing consistent rental appeal. Unit C stands out as the largest unit with 3 bedrooms and 2 bathrooms, offering ample space ideal for families or long-term tenants. Each unit includes its own in-unit washer and dryer, located indoors and included with the sale—an added perk that enhances rental desirability. All units have upgraded kitchens and bathrooms, giving the property a clean, modern feel with little to no immediate maintenance needed. The corner lot provides a generous setting with great curb appeal and potential for future improvements. Priced to sell, this triplex is a compelling opportunity for investors seeking reliable rental income in a steadily growing market. Located near retail centers, daily amenities, and just a short distance from Downtown Rialto, the property also offers convenient access to schools, parks, and major transportation routes, making it a desirable choice for tenants and a smart addition to any investment portfolio.

Price History

Date
Event
Price
05/12/00
Sold
$138,000
11/19/99
Sold
$64,000
01/07/99
Sold
$131,163
06/18/97
Sold
$120,000
05/22/97
Sold
$62,000
06/08/23
Sold
$350,000
Condition Rating
Good

The property, built in 1980, has undergone significant interior renovations across all three units, including upgraded kitchens and bathrooms with modern finishes like shaker cabinets, granite/white countertops, stainless steel appliances, and LVP flooring. Recessed lighting is present throughout. While the underlying structure is 44 years old, the extensive and relatively recent updates (likely within the last 5-15 years) make the property move-in ready with a clean, modern feel and minimal immediate maintenance required. The overall condition of the living spaces is well-maintained, aligning with the 'Good' criteria for properties extensively renovated within 5 to 15 years.
Pros & Cons

Pros

Investment Potential: Explicitly highlighted as an 'Incredible investment opportunity!' offering 'reliable rental income' in a 'steadily growing market'.
Upgraded Units: All three units feature upgraded kitchens and bathrooms, providing a clean, modern feel with 'little to no immediate maintenance needed'.
In-Unit Laundry: Each unit includes its own indoor washer and dryer, a significant amenity that enhances rental desirability and tenant convenience.
Desirable Corner Lot: The property's prominent corner lot location offers excellent visibility, accessibility, great curb appeal, and potential for future improvements.
Strategic Location: Conveniently located near retail centers, daily amenities, Downtown Rialto, schools, parks, and major transportation routes, appealing to a broad tenant base.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 7.
Age of Property: Built in 1980, the property's underlying structure is 44 years old, which may lead to increased capital expenditures for major systems (e.g., roof, foundation, main plumbing/electrical) in the long term, despite recent unit upgrades.
Absence of Mentioned Cooling System: The property description does not specify the presence of an air conditioning system, which is a significant amenity in Rialto's climate and could be a drawback for tenant comfort and desirability.
Standard Neighborhood View: The property offers a 'Neighborhood' view, which, while common, does not provide premium scenic vistas that could command higher rental rates or enhance long-term appreciation compared to properties with desirable views.

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