616 S. Millard Ave, Rialto, California 92376, Rialto, 92376 - 4 bed, 2 bath
616 S. Millard Ave
Rialto, California 92376
Property Price
SUMMARY
Analysis of 616 S. Millard Ave, Rialto, California 92376 reveals a Prime Investment Opportunity with a current list price of $555,000—significantly undercutting the $601,322 Fair Market Value by 7%. This valuation gap indicates a +$46,322 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Rialto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 616 S. Millard Ave Subject | $555,000* List Price | 4 | 2 | 1,409 | $427 | - |
A 211 N Fillmore Sold | $590,000 | 3 | 2 | 1,190 | $496 | 1.0 mi |
B 731 S Glenwood Sold | $600,000 | 3 | 2 | 1,316 | $456 | 0.8 mi |
C 811 W James Street Sold | $580,000 | 3 | 2 | 1,324 | $438 | 0.5 mi |
D 1157 W Orchard Street Sold | $595,000 | 3 | 2 | 1,365 | $436 | 1.0 mi |
E 225 W Alru Street Pending | $579,900 List Price | 4 | 2 | 1,306 | $444 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1986, the property qualifies as excellent due to extensive recent renovations within the last two years. Key updates include a fully remodeled kitchen with new stainless steel appliances, updated bathrooms, new laminate flooring throughout, and significant infrastructure improvements such as a new electrical panel (2023) and solar panels with a new roof section.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8000, living area = 1409.
- Next-Gen Flexibility
The property features a separate 4th bedroom with a private side entrance, providing ideal potential for multi-generational living, a home office, or rental income.
- Modern Infrastructure Upgrades
Significant recent improvements include a fully remodeled kitchen with stainless steel appliances, a new electrical panel (2023), and energy-efficient solar panels.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1409, other record living area = 1219. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Solar Financing
The solar panels are financed rather than owned outright, which may require the buyer to assume the loan and could complicate the financing process.
- Compact Interior Layout
At 1,409 square feet for a 4-bedroom configuration, the individual room sizes or common living areas may feel relatively small for larger families.
About 616 S. Millard Ave
Charming Updated 3-Bedroom Home with 2 EXTRA rooms/Next-Gen ADU Flexibility on a Rialto Cul-de-Sac. Tucked on a peaceful cul-de-sac in a desirable Rialto neighborhood, this refreshed single-family home offers modern, versatile living. The main house features 3 spacious bedrooms, 2 updated bathrooms, and a luxurious primary suite with dressing area and large walk-in closet. A generous private retreat plus a separate 4th bedroom with side entrance provides excellent Next-Gen/ADU flexibility—ideal for multi-generational living, guests, or rental potential. Fresh paint, updated outlets and switches, and seamless laminate flooring brighten the interior. The living room boasts cathedral ceilings and a cozy fireplace. The fully remodeled kitchen includes stainless steel appliances: refrigerator, stove/oven, microwave, and dishwasher, ample counters, and under-sink water filtration. Enjoy a large private backyard with a wall-to-wall open patio accented by string lights, a spacious dog run, storage shed, and stylish rod iron gate. The redesigned front porch features modern railings and designer lighting for great curb appeal. Key upgrades include: Fully updated electrical panel (2023). Financed solar panels (installed 2023 with new roof section) for major energy savings.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 8,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,409 | 1,462.5 | 44% |
| Lot Size | 8,000 | 8,092.5 | 48% |
| Price | $555.0K | $570.0K | 43% |
| Price per sq ft | $394 | $375 | 57% |
| Built year | 1986 | 1968 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 168 | 1% |
Pricing History
Listed for Sale
Mar 1, 2026
$555,000
Initial Listing
Sold
May 16, 2018
$325,000
Public Record