About This Home
This 16-bedroom, 16-bathroom multi-family at 242 W Jackson in Rialto, CA is listed for $2,499,999. Built in 1962, on a 0.33 acres lot.
Key Features
- Built in 1962
- 0.33 acre lot
- 2 stories
- 22 parking spaces
- Fireplace
Property Details
Amenities
Presenting an exceptional investment opportunity at 242 W Jackson St, Rialto (APN: 0127-311-13-0000). This stable, two-building multifamily asset features eight massive 2-bedroom, 2-bathroom units, each boasting an incredibly rare 1,225 sq. ft. footprint that outpaces local market averages.
Perfect for savvy value-add investors, current rents sit comfortably below market value, providing an immediate path to increased cash flow through simple turns and lease updates. Utility structures optimize your ROI with 9 separate electric meters and 2 separate water meters keeping owner expenses low.
The property uniquely features 11 fully enclosed garages alongside dedicated spaces for laundry facilities, delivering high-demand tenant amenities and distinct auxiliary income streams. Perfectly positioned for commuters near the 10, 15, 210, and 215 freeways, residents enjoy seamless regional access while remaining walking distance from local retail anchors like the Rialto Shopping Center. Secure a high-density, low-turnover asset with unmatched physical scale in a robust Inland Empire rental corridor.
Monthly Cost Estimate
$13,371/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
242 W Jackson
Rialto, CA 92376
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 16-bedroom, 16-bathroom multi-family at 242 W Jackson is listed at $2,499,999. The estimated monthly payment is $13,370 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1962, 0.33 acre lot, 2 stories, 22 parking spaces, Fireplace. Interior Features: Balcony.
This property is listed by Jonathan Chien and can be reached at 6268419687.