412 W Ramona Dr 4 Unit Apartment Building Offered at $975,000 at a 5.25% Cap Rate Rialto, CA 92376

CBRE, Inc., as exclusive advisor, is pleased to present the opportunity to acquire a stabilized quadruplex located at 412 W Ramona Drive in Rialto, California.
Located just one block from the historic Route 66 (Foothill Blvd), this one-story property is within walking distance of prime local retail, offering residents an ideal blend of convenience and heritage. This quadruplex presents a rare opportunity to capture a substantial 16% rental upside in the high-demand Inland Empire market, pairing long-term appreciation potential with a stable 5.25% entry cap rate and an 11.27 GRM. With a projected pro forma cap rate of 6.88% upon reaching market rents, the asset is positioned for significant growth. Situated on a generous ±7,686 square foot lot with ±2,760 rentable square feet area, the property provides a low-density living environment that is increasingly sought after in the region.
STRATEGIC LOCATION AND CONNECTIVITY
Rialto offers a premier family-friendly suburban lifestyle, characterized by a mix of historic charm along Route 66 and expanding modern retail hubs like the Renaissance Marketplace. Strategically positioned near major transportation arteries, the property provides residents with seamless connectivity to Interstates 10, 15, 215, and State Route 210, effectively linking the asset to the broader Inland Empire and Greater Los Angeles employment markets. As a central node in the global supply chain, Rialto supports industry giants such as Amazon and FedEx, driving consistent housing demand. Furthermore, the property’s location offers convenient access to the Kaiser Permanente Medical Center in neighboring Fontana—a major regional employer—alongside an array of essential dining and shopping destinations.
ASSET COMPOSITION AND PROPERTY FEATURES 412 W Ramona Drive consists of four identical two-bedroom, one-bathroom floor plans with an average size of 690 square feet. Built in 1961, the residences have been thoughtfully maintained and feature modern interior updates with a mix of carpet and vinyl wood flooring. Each unit is designed for convenience with wall-mounted central air and heating, security doors, and efficient kitchens equipped with gas stoves and oven ranges. The exterior is secured by an iron fence and gate, featuring private porches, private yards, and composition roofs. Residents enjoy dedicated surface parking in the rear of the property in addition to ample street parking.
STABILITY AND GROWTH POTENTIAL
This offering presents an opportunity to acquire a stabilized, income-producing asset in one of the nation’s most resilient rental markets. Whether for a 1031 exchange buyer or a seasoned investor, 412 W Ramona Drive provides long-term stability and significant growth potential. The combination of current cash flow and the 16% rental upside offers a clear path to value appreciation, underpinned by the strong economic fundamentals and the logistics-driven growth of the Rialto submarket.