412 West Ramona Drive
Rialto, CA 92376
For Sale
2,760 sqft
Sale Price
$975,000
Brochure
Property Website
Map
Multifamily For Sale
Fourplex in Rialto | All Single Story | 5.25% Cap Rate
Substantial 16% Rental Upside: This quadruplex presents a rare opportunity to capture significant value-add potential in the high-demand Inland Empire market, with a current cap rate of 5.25% and a projected pro forma cap rate of 6.88%.
Strategic Location Near Historic Route 66: Ideally situated just one block from Foothill Blvd (Historic Route 66), this property offers a family-friendly suburban lifestyle within walking distance of prime local retail and dining.
Unmatched Regional Connectivity: Residents enjoy seamless access to the Rialto Metrolink Train Station, Interstates 10, 15, 215, and State Route 210, providing a direct link to major employment hubs across San Bernardino, Riverside, and Los Angeles counties.
Secure Gated Environment: The property is enclosed by an iron fence and security doors, offering residents a private and secure living experience while enhancing the asset’s long-term curb appeal.
Low-Density, Single-Story Living: Situated on a generous ±7,686 SF lot, this one-story quadruplex offers a sought-after low-density environment with private yards and porches that are increasingly rare and desirable in the region.
Logistics & Healthcare Hub: Rialto serves as a central node for global giants like Amazon and FedEx and provides tenants easy access to the nearby Kaiser Permanente Medical Center in Fontana.
Proximity to Modern Amenities: Perfectly positioned to benefit from Rialto’s growing retail landscape, including the Renaissance Marketplace, ensuring high tenant demand for quality rental housing in a high-growth corridor.
Stabilized Income & Growth: Whether for a 1031 exchange or a seasoned investor, this income-producing asset offers long-term stability and growth potential underpinned by the resilient economic fundamentals of the Inland Empire.
Get in touch
Eric Chen
Lic: 01489184
Kevin Sin
Lic: 02020968
Blake Torgerson
Lic: 01919955
Mikel Dominguez
Lic: 02189109
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.
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.
GEOGRAPHIC
Rialto, California, nestled in the western part of the Inland Empire within San Bernardino County, boasts a rich history and a dynamic present. Situated at the foothills of the San Bernardino Mountains, and just east of the neighboring city of Fontana, Rialto has played a crucial role in the region’s development. From its origins as an ancestral Serrano Indian settlement to its transformation into a major industrial hub, Rialto has witnessed significant growth. The arrival of the Santa Fe Railroad in the late 19th century spurred this expansion, connecting the Rialto colony to the rest of the region and facilitating the transportation of citrus and people.
Today, Rialto is a bustling city with a diverse economy and a vibrant community. It serves as a major transportation hub with easy access to the I-10 and I-210 freeways and Ontario International Airport, making it a key gateway to the Inland Empire. The city is also home to several popular local landmarks, including the historic Route 66 corridor and the Rialto Historical Society Museum, which draw visitors from all over the region. While precise annual visitor numbers can fluctuate, Rialto’s logistics prominence and central location contribute to a significant influx of business and leisure travelers each year. The city’s proximity to the mountains provides residents with opportunities for outdoor recreation, while its rich history is preserved in local adobes and landmarks.
GENERAL ECONOMIC OVERVIEW
Rialto’s economy is a diverse mix of industries, with a strong emphasis on logistics, manufacturing, and distribution. Its strategic location near major transportation corridors has made it a premier hub for massive fulfillment centers, attracting global giants like Amazon, Target, and FedEx. The city also has a significant manufacturing presence, with companies producing everything from steel and building materials to aerospace components. Compared to other Inland Empire cities, Rialto boasts a robust industrial sector that serves as the “backbone” of the regional supply chain, contributing heavily to its economic vitality.
In terms of housing, Rialto offers a mix of options, including single-family homes, townhouses, and multi-family apartments. While housing costs have risen in recent years, they generally remain more affordable than in neighboring Los Angeles or Orange Counties. This affordability, coupled with the city’s vast job opportunities in the logistics sector, attracts a diverse range of renters. You’ll find everyone from young professionals and families to industrial workforce members and retirees calling Rialto home. The city’s ongoing investment in infrastructure and the Renaissance Marketplace development suggest that its economy and housing market will continue to thrive.
RECREATION & ENTERTAINMENT
Rialto offers a variety of recreational and entertainment options for residents and visitors alike. The city boasts numerous parks and facilities, such as Frisbie Park and Bud Bender Park, providing opportunities for sports, picnicking, and community gatherings. The nearby San Bernardino Mountains offer additional recreational opportunities, including hiking trails, camping, and snow sports just a short drive away. For entertainment, Rialto is home to the Tom Sawyer Swimming Pool and various community playhouses, while the neighboring Auto Club Speedway in Fontana remains a popular nearby venue for motorsports enthusiasts.
The city also hosts annual community events and a weekly Farmers Market, fostering a sense of local pride and offering entertainment for all ages. While Rialto is known for its quiet residential neighborhoods, it offers a selection of local restaurants, bars, and the modern Renaissance Marketplace, ensuring there are plenty of options for shopping and dining out. The proximity to other Inland Empire cities further expands the range of nightlife and cultural entertainment options available within a few minutes’ drive. options available within a short drive.
Rialto, California, nestled in the western part of the Inland Empire within San Bernardino County, boasts a rich history and a dynamic present. Situated at the foothills of the San Bernardino Mountains, and just east of the neighboring city of Fontana, Rialto has played a crucial role in the region’s development. From its origins as an ancestral Serrano Indian settlement to its transformation into a major industrial hub, Rialto has witnessed significant growth. The arrival of the Santa Fe Railroad in the late 19th century spurred this expansion, connecting the Rialto colony to the rest of the region and facilitating the transportation of citrus and people.
Today, Rialto is a bustling city with a diverse economy and a vibrant community. It serves as a major transportation hub with easy access to the I-10 and I-210 freeways and Ontario International Airport, making it a key gateway to the Inland Empire. The city is also home to several popular local landmarks, including the historic Route 66 corridor and the Rialto Historical Society Museum, which draw visitors from all over the region. While precise annual visitor numbers can fluctuate, Rialto’s logistics prominence and central location contribute to a significant influx of business and leisure travelers each year. The city’s proximity to the mountains provides residents with opportunities for outdoor recreation, while its rich history is preserved in local adobes and landmarks.
GENERAL ECONOMIC OVERVIEW
Rialto’s economy is a diverse mix of industries, with a strong emphasis on logistics, manufacturing, and distribution. Its strategic location near major transportation corridors has made it a premier hub for massive fulfillment centers, attracting global giants like Amazon, Target, and FedEx. The city also has a significant manufacturing presence, with companies producing everything from steel and building materials to aerospace components. Compared to other Inland Empire cities, Rialto boasts a robust industrial sector that serves as the “backbone” of the regional supply chain, contributing heavily to its economic vitality.
In terms of housing, Rialto offers a mix of options, including single-family homes, townhouses, and multi-family apartments. While housing costs have risen in recent years, they generally remain more affordable than in neighboring Los Angeles or Orange Counties. This affordability, coupled with the city’s vast job opportunities in the logistics sector, attracts a diverse range of renters. You’ll find everyone from young professionals and families to industrial workforce members and retirees calling Rialto home. The city’s ongoing investment in infrastructure and the Renaissance Marketplace development suggest that its economy and housing market will continue to thrive.
RECREATION & ENTERTAINMENT
Rialto offers a variety of recreational and entertainment options for residents and visitors alike. The city boasts numerous parks and facilities, such as Frisbie Park and Bud Bender Park, providing opportunities for sports, picnicking, and community gatherings. The nearby San Bernardino Mountains offer additional recreational opportunities, including hiking trails, camping, and snow sports just a short drive away. For entertainment, Rialto is home to the Tom Sawyer Swimming Pool and various community playhouses, while the neighboring Auto Club Speedway in Fontana remains a popular nearby venue for motorsports enthusiasts.
The city also hosts annual community events and a weekly Farmers Market, fostering a sense of local pride and offering entertainment for all ages. While Rialto is known for its quiet residential neighborhoods, it offers a selection of local restaurants, bars, and the modern Renaissance Marketplace, ensuring there are plenty of options for shopping and dining out. The proximity to other Inland Empire cities further expands the range of nightlife and cultural entertainment options available within a few minutes’ drive. options available within a short drive.
Total Space Available
2,760 sqft
Sale Price
$975,000
Place
KaiserPermanente Medical Center
Hospital
6 miles
10 min.
/drive
Victoria Garden
Major Retailers
12.3 miles
18 min.
/drive
CommuterRail
Rialto Metrolink Station
1 miles
4 min.
/drive
Airport
Ontario International Airport
19.3 miles
23 min.
/drive
Get in touch
Eric Chen
Lic: 01489184
Kevin Sin
Lic: 02020968
Blake Torgerson
Lic: 01919955
Mikel Dominguez
Lic: 02189109