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33284711
33284712

1525 North Palm Avenue, Rialto, CA 92376

JF
CA 02100489
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$7,500,000
10 days on market
Updated 10 days ago

Trophy 20-Unit Townhome-Style Apartment Community

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 21,440
Units 20
Cap Rate 4.88%
NOI $366,154
Occupancy 100%
Lot Size (SqFt) 47,742

2008 Condo-Quality Construction | Growing Inland Empire Market

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire a modern, 2008-construction, 20-unit townhome-style multifamily community located at 1525 N Palm Avenue in Rialto, California. Totaling approximately 21,440 rentable square feet, the property features an attractive mix of six 2-bedroom / 2.5-bath units and fourteen 3-bedroom / 2.5-bath units floor plans that consistently appeal to families and working professionals seeking larger layouts, private entrances, and a residential living experience not typically found in traditional apartment buildings.

The asset has been meticulously maintained and operates as a turnkey investment with minimal anticipated near-term capital expenditures. Built to condo-quality specifications, the property offers durable construction, modern design, and strong long-term operational efficiency. In-place rents remain slightly below market, providing immediate upside through natural turnover and light interior upgrades.

Located within the high-growth Inland Empire, one of the fastest-expanding and most economically diverse regions in California, the property benefits from powerful multifamily fundamentals. The Riverside-San Bernardino MSA continues to experience strong absorption, historically low vacancy rates, and sustained demand from renters priced out of Los Angeles and Orange County. This dynamic positions 1525 N Palm Avenue to maintain high occupancy, competitive rent growth, and long-term appreciation.

Investment highlights

  • Also Available For Sale: Neighboring 8Unit Asset (1520 N Palm Ave), Built With Identical Design and Vintage
  • 2008 Construction | Townhome Layout Built to Condo Specs
  • Central A/C & Heat, Washer & Dryer Hook-Ups, and Upgraded Kitchens W/ Granite Countertops
  • Each Units Includes an Attached Single Car Enclosed Garage and One Outdoor Parking Space
  • Attractive Unit Mix with Built-In Rent Upside
  • Located in the High-Growth Inland Empire Market

Listing Contacts

JF
CA 02100489
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$366,154.00
$30,512.83/mo

Valuation Metrics

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DSCR
4.88%
Cap Rate
4.88%
ROI

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