Trophy 20-Unit Townhome-Style Apt Community 1525 N Palm Ave 20 Unit Apartment Building $7,500,000 ($375,000/Unit) 4.88% Cap Rate Rialto, CA 92376

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.