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BEAUTIFUL 4PLEX W/ BUILDING PAD IN RIALTO 173 W Cascade Dr 4 Unit Mobile Home Park $950,000 ($237,500/Unit) Rialto, CA 92376
Investment Highlights
- BEAUTIFUL 4PLEX LOCATED ON QUIET HIGH PRIDE OF OWNERSHIP CU-DE-SAC STREET
- NEW ROOM AND WINDOWS!
- LOCATED OFF THE 10/210 FREEWAYS, JUST 25 MINUTE DRIVE TO LA/ORANGE COUNTIES
- PERFORMS AT 9.24 GROSS RENT MULTIPLIER AT MARKET RENTS!
- LARGE QUARTER ACRE LOT WITH BUILDING PAD TO DOUBLE UNITS!!
Executive Summary
This fine multifamily 4 unit offering is located in the City of Rialto. Rialto is located just off the I-10 Freeway, just minutes west of Ontario International Airport. We are conveniently located between the 10 and 210 Freeways, just off Riverside Drive that directly connects to both freeways. We are just a 25 minute drive to LA and Orange Counties.
These units consist of one 3 bedroom 2 bath, and three 2 bedrooms 1 bath. These units further have four 1 car garages.
All units are separately metered with gas/electric that tenants sign up and pay for. The only landlord operating expenses are water/sewer and trash.
This complexes quiet neighborhood has outstanding pride of ownership, consisting of single and multifamily residences. Further the subject is located on a large 10,000 square cul-de-sac lot with no drive through traffic.
Our location is ideal! We're a short walking distance to elementary/middle/high schools. The bus stop is on same street! Plus Walmart and Stater Bros are within an easy short walking distance.
Our units are immaculately pretty and have been upgraded with a new roof and windows! Kitchens have been upgraded with new/newer appliances and cabinetry. Tile flooring and ceiling fans can be found throughout these fine units!
These units really perform. While actual rents are below market, they are month to month and can be brought up to market. And this offering boasts a 9.24 Gross Rent Multiplier at market rents! And if one plugs in market rents (see rent comps attached), this offering put out annual gross rents of $102,720!!! To view these figures, please see rent roll and rent comps in the Marketing Package attached.
With this offering, it includes a building pad, where one could double the units size! This is a stunning add value benefit!!!
This offering isn't too good to be true! It's real!! Don't miss out!!!
These units consist of one 3 bedroom 2 bath, and three 2 bedrooms 1 bath. These units further have four 1 car garages.
All units are separately metered with gas/electric that tenants sign up and pay for. The only landlord operating expenses are water/sewer and trash.
This complexes quiet neighborhood has outstanding pride of ownership, consisting of single and multifamily residences. Further the subject is located on a large 10,000 square cul-de-sac lot with no drive through traffic.
Our location is ideal! We're a short walking distance to elementary/middle/high schools. The bus stop is on same street! Plus Walmart and Stater Bros are within an easy short walking distance.
Our units are immaculately pretty and have been upgraded with a new roof and windows! Kitchens have been upgraded with new/newer appliances and cabinetry. Tile flooring and ceiling fans can be found throughout these fine units!
These units really perform. While actual rents are below market, they are month to month and can be brought up to market. And this offering boasts a 9.24 Gross Rent Multiplier at market rents! And if one plugs in market rents (see rent comps attached), this offering put out annual gross rents of $102,720!!! To view these figures, please see rent roll and rent comps in the Marketing Package attached.
With this offering, it includes a building pad, where one could double the units size! This is a stunning add value benefit!!!
This offering isn't too good to be true! It's real!! Don't miss out!!!
Property Facts In Escrow
| Price | $950,000 | Building Class | C |
| Price Per Unit | $237,500 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,792 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1968/2026 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | R-3 - Residential | ||
| Price | $950,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,792 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2026 |
| Zoning | R-3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+1 | 3 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0127-182-15 | Improvements Assessment | $264,561 |
| Land Assessment | $76,870 | Total Assessment | $341,431 |
Property Taxes
Parcel Number
0127-182-15
Land Assessment
$76,870
Improvements Assessment
$264,561
Total Assessment
$341,431
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BEAUTIFUL 4PLEX W/ BUILDING PAD IN RIALTO | 173 W Cascade Dr