Turnkey 8-Unit Townhome-Style Apt Community 1520 N Palm Ave 8 Unit Apartment Building $3,040,000 ($380,000/Unit) 5.12% Cap Rate Rialto, CA 92376

Marcus & Millichap is pleased to present the opportunity to acquire a turnkey, 2008-construction, 8-unit townhome-style multifamily asset located at 1520 N Palm Avenue in Rialto, California. The property features eight spacious, well-designed units totaling approximately 8,576 rentable square feet, consisting of two 2-bedroom / 2.5-bath townhomes and six 3-bedroom / 2.5-bath townhomes. Built to condo-quality specifications and meticulously maintained, the asset offers investors a low-maintenance, institutional-quality product in one of Southern California’s strongest rental markets.
Situated in the heart of the Inland Empire, one of the fastest-growing and most economically diverse regions in the state, the property benefits from powerful multifamily fundamentals. The Riverside-San Bernardino MSA continues to experience sustained population growth, strong absorption, and historically low vacancy rates as renters seek more affordable alternatives to Los Angeles and Orange County. This demand dynamic supports stable occupancy, competitive rent growth, and long-term appreciation for well-located assets like 1520 N Palm Avenue.
The property’s in-place rents remain slightly below market, providing immediate upside through natural turnover and light interior upgrades. With limited near-term capital needs and a desirable townhome layout that appeals to families and working professionals, the asset is positioned to outperform newer Class A developments on a value basis while maintaining consistent tenant demand.