438 W Ramona Drive, Rialto, CA 92376

This listing is a unique offering because it’s the best priced Rialto 4Plex offering in years!!

This fine complex is a superb location since it’s only walking minutes from grocery, drug store, and bus stop. It’s also just minutes from the 10 freeway!!

This complex consists of three 2 bedroom 1 bath units, and one 1 bedroom 1 bath unit. The Seller has kept the units updated, inside and out. Also, the Seller put on a new roof in 2019!!!

This is an incredible buy!! Check out the SALE COMPS in the SUPPLEMENTS attached.

SALE COMP 428 W Ramona, just down the street from us & sold for $1,000,000!!!

SALE COMP 1401 N Willow Ave, a few blocks away, is WAY inferior because it’s all 1 bedrooms/1 baths & sold for $943,000!!!

This complex really performs! At market rents, it’s putting out a $100,740 annual gross income, a 9.43 Gross Rent Multiplier, a robust 9.20% Cap Rate, and an incredible 17.22% Cash on Cash Return!!! For info on returns, income, expenses, rent/sale comps, PLEASE SEE SUPPLEMENTS attached.

Landlord pays water and trash and each tenant has their on metered gas & electric which they sign up and pay for.

Please take a close look at the pictures! These are beautiful units, priced great, and perform really, really, well!!!