1525 North Palm Avenue

Rialto, CA 92376

$9,294,375
Price
54
Beds
1200
Baths
21,440 Sq. Ft.
$434 / Sq. Ft.
21,440
Sq. Ft.
$434
per Sq. Ft.

Description

This beautiful apartment complex offers two to three bedrooms and two and half bathrooms providing 1092 sqft of living space per unit. Built in 2008, these units feature modern amenities and are located conveniently close to schools, park, shopping centers, a movie theater, public transportation, and the 210 freeway. Modern amenities include granite countertops, stainless steel kitchen sinks, washer and dryer hookups, central air and heating, and attached one car garages. Located at the end of a...This beautiful apartment complex offers two to three bedrooms and two and half bathrooms providing 1092 sqft of living space per unit. Built in 2008, these units feature modern amenities and are located conveniently close to schools, park, shopping centers, a movie theater, public transportation, and the 210 freeway. Modern amenities include granite countertops, stainless steel kitchen sinks, washer and dryer hookups, central air and heating, and attached one car garages. Located at the end of a cul-de-sac, the complex also has a security gate for extra safety. Each unit is currently occupied, so there is zero vacancy, and the tenants each pay on time each month. Since the complex is only 16 years old, the maintenance is very low. A complete breakdown of the rent and expenses can be sent out to all interested parties. This complex is very attractive to all investors.
  1. Listed by Sandra Saad • DRE #02159976 • Brokerage DRE #01055719 • JOHN PALMER BROKER

Property Details for 1525 North Palm Avenue

Architectural Style
Contemporary
View
Mountain(s)
Parking Spaces Total
40
Private Pool
No
Cooling Type
Central Forced Air
Total Units
20.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 11/09/2024 04:09 AM

Property Details for 1525 North Palm Avenue

StatusActive
MLS #CV24228185
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2008
CountySan Bernardino County

Building Information for 1525 North Palm Avenue

Building/Complex1525 N Palm AveFloor-Stories2Residences-Pet Policy-Year Built2008Building Size-

Property Information for 1525 North Palm Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $550,200
  • Gross Scheduled Income: $550,200
  • Gross Spendable Income: $454,881
  • Gross Equity: $9,294,375
  • Vacancy Allowance: 0
  • Gross Operating Income: $550,200
  • Net Operating Income: $502,435
  • Gross Multiplier: 4.89
  • Cap Rate: 5.41
Expense Details
  • Operating Expense: $95,319
  • New Taxes Expense: $47,555
  • Pest Control Expense: $600
  • Electric Expense: $1,416
  • Insurance Expense: $12,256
  • Maintenance Expense: $4,800
  • Professional Management Expense: $14,400
  • Other Expense: $5,197
  • Other Expense Description: misc
  • Trash Expense: $21,583
  • Water Sewer Expense: $1,912
  • Total Expenses: $95,319
Tax / Assessment Info
  • Tax Tract Number: 003...
  • Tax Census Tract: 35.05
  • CFD/Mello-Roos Fee: $12,700
  • Tax Lot: 132
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Appliances: Built-In Range, Disposal, Gas Oven, Microwave
  • Equipment: Gas Dryer Hookup, Inside, Microwave, Washer Hookup
  • Interior Features: Copper Plumbing Full, Granite Counters
  • Room Type: All Bedrooms Up, Entry, Kitchen, Laundry, Living Room, Walk-In Closet
  • Bedroom Features: All Bedrooms Up, WalkInCloset
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring: Carpet, Tile
Exterior Features
  • Door Features: Sliding Doors
  • Construction Materials: Drywall Walls, Frame, Stucco
  • Exterior Construction: Frame, Stucco
  • Exterior: Stucco
  • Roof: Tile
  • Entry Location: front door
  • Fence: Yes
  • Fence: Vinyl
  • Fencing: Vinyl
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 20
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 20
  • Parking: Yes
  • Parking Garage: Assigned, Direct Entrance
  • Uncovered Spaces: 20
  • Open Other Spaces Total: 20
  • Parking Garage Spaces: 20
  • Carport Spaces: 0
  • Parking Features: Assigned, Direct Garage Access, Paved, Driveway Level
Unit Information
Unit 1
  • Unit Type Units Total: 20
  • Unit Type Beds Total: 54
  • Unit Type Baths Total: 60
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 20
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,293
  • Unit Type Total Rent: $45,850
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 21

Property History for 1525 North Palm Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1525 North Palm Avenue

Taxable ValueLand$723,423Additions$3,156,292Total$3,879,715
Tax Record2024$47,555 ($3,963 / month)
Home Facts
Total Finished SqFt21,440 SqFtAbove Grade Finished SqFt21,440 SqFtStories2Lot Size47,752 SqFtStyleMulti-Family Res (5+ Units)Year Built2008CountySAN BERNARDINOAPN0127-151-20-0000

Schools near 1525 North Palm Avenue

This home is within Rialto Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Preston Elementary School
PublicK to 5

Kolb Middle School
Public6 to 8

Eisenhower Senior High School
Public9 to 12

Milor Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1525 North Palm Avenue is a multi-family home for sale in Rialto, CA 92376. This property was listed for sale on November 9, 2024 by JOHN PALMER BROKER, it's currently listed at $9,294,375. It has been on the market for a total of 8 days and was last sold on June 14, 2007. This listing's school district is Rialto Unified School District. Nearby schools include Preston Elementary School, Kolb Middle School and Eisenhower Senior High School. 1525 North Palm Avenue is a 54-bed, 1200-bath, 21,440 sqft multi-family home built in 2008.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of JOHN PALMER BROKER, Sandra Saad, DRE #02159976

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.