Multifamily Property for Sale in Rialto, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Rialto, CA 92376

Description

Marcus & Millichap is pleased to present the opportunity to acquire a turnkey, 2008-construction, 8-unit townhome-style multifamily asset located at 1520 N Palm Avenue in Rialto, California. The property features eight spacious, well-designed units totaling approximately 8,576 rentable square feet, consisting of two 2-bedroom / 2.5-bath townhomes and six 3-bedroom / 2.5-bath townhomes. Built to condo-quality specifications and meticulously maintained, the asset offers investors a low-maintenance, institutional-quality product in one of Southern California’s strongest rental markets. Situated in the heart of the Inland Empire, one of the fastest-growing and most economically diverse regions in the state, the property benefits from powerful multifamily fundamentals. The Riverside-San Bernardino MSA continues to experience sustained population growth, strong absorption, and historically low vacancy rates as renters seek more affordable alternatives to Los Angeles and Orange County. This demand dynamic supports stable occupancy, competitive rent growth, and long-term appreciation for well-located assets like 1520 N Palm Avenue. The property’s in-place rents remain slightly below market, providing immediate upside through natural turnover and light interior upgrades. With limited near-term capital needs and a desirable townhome layout that appeals to families and working professionals, the asset is positioned to outperform newer Class A developments on a value basis while maintaining consistent tenant demand. Investment Highlights: • Also Available For Sale: Neighboring 20-Unit Asset (1525 N Palm Ave), Built With Identical Design and Vintage • 2008 Construction | Townhome Layout Built to Condo Specs • Central A/C & Heat, Washer & Dryer Hook-Ups, and Upgraded Kitchens W/ Granite Countertops • Each Unit Includes an Attached Single Car Enclosed Garage and One Outdoor Parking Space • Attractive Unit Mix with Built-In Rent Upside • Located in the High-Growth Inland Empire Ma

Market Context

This multifamily in Rialto, CA is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 53 days. Compare it against other multifamily listings for sale in Rialto, CA — <a href="/search/sale/multifamily/california/rialto">view the full market</a>.

Contact

Explore this market

Similar Multifamily Property for Sale in Rialto, CA