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1525 N Palm Ave
Rialto, CA 92376
Trophy 20-Unit Townhome-Style Apt Community · Multifamily Property For Sale · 20 Units

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Price Per Unit $375,000
Sale Type Investment
Cap Rate 4.88%
Gross Rent Multiplier 13.81
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 1.10 AC
Building Size 21,440 SF
Average Occupancy 100%
No. Stories 2
Year Built 2008
Parking Ratio 1.87/1,000 SF
Zoning R3 - Multifamily, per the title company.

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Disposal
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Oven
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Dining Room
  • Family Room
  • Patio
  • Window Coverings

SITE AMENITIES

  • Courtyard
  • Picnic Area
  • Gated
  • Gas Range

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0127-151-20
Land Assessment
$737,891
Improvements Assessment
$3,219,418
Total Assessment
$3,957,309
  • Listing ID: 39181167

  • Date on Market: 1/22/2026

  • Last Updated:

  • Address: 1525 N Palm Ave, Rialto, CA 92376

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