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32668335
32668308

412 West Ramona Drive, Rialto, CA 92376

BT
CA CA 01919955
CBRE - Ontario
EC
CA 01489184
CBRE - Ontario
KS
CA 02020968
CBRE - Ontario
Listed by CBRE - Ontario
$975,000
27 days on market
Updated 27 days ago

412 West Ramona Drive

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,760
Units 4
Cap Rate 5.25%
NOI $51,216
Occupancy 100%
Pro-Forma Cap Rate 6.88%
Pro-Forma NOI $67,038
Price per SqFt $353
Year Built 1961
Buildings 2
Acreage 7686.000

Just Listed: Fourplex in Rialto | All Single Story | 5.25% Cap Rate

Marketing description

CBRE, Inc., as exclusive advisor, is 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.

STRATEGIC LOCATION AND CONNECTIVITY Rialto offers a premier family-friendly suburban lifestyle, characterized by a mix of historic charm along Route 66 and expanding modern retail hubs like the Renaissance Marketplace. Strategically positioned near major transportation arteries, the property provides residents with seamless connectivity to Interstates 10, 15, 215, and State Route 210, effectively linking the asset to the broader Inland Empire and Greater Los Angeles employment markets. As a central node in the global supply chain, Rialto supports industry giants such as Amazon and FedEx, driving consistent housing demand. Furthermore, the property’s location offers convenient access to the Kaiser Permanente Medical Center in neighboring Fontana—a major regional employer—alongside an array of essential dining and shopping destinations.

ASSET COMPOSITION AND PROPERTY FEATURES

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.

STABILITY AND GROWTH POTENTIAL

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.

Investment highlights

  • Substantial 16% Rental Upside: This quadruplex presents a rare opportunity to capture significant value-add potential in the highdemand Inland Empire market, with a current cap rate of 5.25% and a projected pro forma cap rate of 6.88%.
  • Strategic Location Near Historic Route 66: Ideally situated just one block from Foothill Blvd (Historic Route 66), this property offers a familyfriendly suburban lifestyle within walking distance of prime local retail and dining.
  • Unmatched Regional Connectivity: Residents enjoy seamless access to the Rialto Metrolink Train Station, Interstates 10, 15, 215, and State Route 210, providing a direct link to major employment hubs across San Bernardino, Riverside, and Los Angeles counties.
  • Secure Gated Environment: The property is enclosed by an iron fence and security doors, offering residents a private and secure living experience while enhancing the asset’s long-term curb appeal.
  • Low-Density, Single-Story Living: Situated on a generous ±7,686 SF lot, this one-story quadruplex offers a sought-after low-density environment with private yards and porches that are increasingly rare and desirable in the region.
  • Logistics & Healthcare Hub: Rialto serves as a central node for global giants like Amazon and FedEx and provides tenants easy access to the nearby Kaiser Permanente Medical Center in Fontana.
  • Proximity to Modern Amenities: Perfectly positioned to benefit from Rialto’s growing retail landscape, including the Renaissance Marketplace, ensuring high tenant demand for quality rental housing in a high-growth corridor.
  • Stabilized Income & Growth: Whether for a 1031 exchange or a seasoned investor, this income-producing asset offers long-term stability and growth potential underpinned by the resilient economic fundamentals of the Inland Empire.

Listing Contacts

BT
CA CA 01919955
CBRE - Ontario
EC
CA 01489184
CBRE - Ontario
KS
CA 02020968
CBRE - Ontario
Listed by CBRE - Ontario

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$51,216.00
$4,268.00/mo

Valuation Metrics

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DSCR
5.25%
Cap Rate
5.25%
ROI

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Additional Information

Name
Blake Torgerson
License
CA 01919955
Brokerage
Blake Trorgerson
Title
Vice President
Brokerage Address
4141 Inland Empire Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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