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$2,500,000
1 Day On Site

242 W Jackson
Rialto, CA 92376

For Sale|Apartment|Active
0
Beds
0
Total Baths
9,800
SqFt
$255
/SqFt
1962
Built
County:
San Bernardino
Listed by Jonathan Chien of Pinnacle Real Estate Group [email protected]
242 W Jackson242 W Jackson242 W Jackson242 W Jackson
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Monthly Payment (Est.)

$11,406
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Exceptional Multifamily Investment Opportunity | 8-Unit Value-Add Asset 242 W Jackson St, Rialto, CA 92376 | APN: 0127-311-13-0000 Presenting a rare, high-yield investment opportunity in the rapidly growing Inland Empire. Located at 242 W Jackson St, this impressive multi-family property consists of two buildings featuring eight identical, oversized 2-bedroom, 2-bathroom residences. Spanning a massive 1,225 sq. ft. per unit (9,800 total building sq. ft.), these configurations are significantly larger than area averages, driving exceptional long-term tenant retention and competitive rental premiums. The Ultimate Value-Add Play: -Significant Upside Potential: Current rents are performing well below market rates, offering a clear path to instant cash flow optimization through programmatic unit turns and strategic lease renewals. -Separated Utilities: The property is efficiently designed with 9 separate electric meters and 2 separate water meters, keeping operational overhead remarkably low. -Premium Garage Income: Boasts 11 fully enclosed garages. In a high-density tenant market, these secure units command premium independent rental value or can be bundled to command top-of-market residential rents. -Ancillary Income: Dedicated space on-site for community laundry facilities creates an immediate, reliable secondary revenue stream. Prime Location & Infrastructure: -Commuter Centric: Strategically positioned with immediate, frictionless access to major transit veins including the I-10, I-15, I-210, and I-215 freeways, providing unparalleled connectivity across Southern California. -Walkable Conveniences: Situated just a 5-minute walk from local retail anchors like the Rialto Shopping Center and Superior Grocers. Low Maintenance: Positioned on a manageable 0.33-acre lot with highly functional, paved parking and driveway layouts. Call today! Do not miss your chance to secure a standout, high-square-footage multifamily asset with massive value built-in.

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Listing Snapshot
Price 
$2,500,000
Days On Site 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
9,800 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3333 Acres
Year Built 
1962
MLS® Number 
TR26189541
Status 
Active
Property Tax 
$12,918
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
16 hours agoPrice changed to $2,500,000
16 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
0.3333
Direction Faces 
South
Garage 
Yes
Garage Spaces 
11
Land Lease 
No
Lease Term 
Month To Month
Levels 
Two
Number Of Stories 
2
Parking 
GarageOff Street
Parking Spaces 
22
Property Sub Type 
Apartment
Security 
Gated Community
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
9800
Utilities 
Electricity ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
Electric RangeRefrigerator
Cooling 
Central Air
Fireplace 
Yes
Fireplace Features 
BathDining RoomElectricFamily RoomKitchenLiving RoomMaster Bedroom
Flooring 
Stone
Heating 
Central
Laundry Features 
Common Area
Family Room 
Kitchen 
Living Room 
Master Bathroom 
Master Bedroom 
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Exterior Features
Construction Details 
StoneStucco
Exterior 
BalconyLighting
Fencing 
Brick
Pool Features 
None
Road Frontage 
AlleyCity Street
Roof 
Flat
Spa Features 
None
View 
Neighborhood
Waterview 
Neighborhood
Community Features
Accessibility Features 
Safe Emergency Egress from Home
Building Access 
Front Gate
Community Features 
Street LightsSidewalksGated
Financing Terms Available 
1031 Exchange
MLS Area 
272 - Rialto
Roads 
Paved


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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