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For sale
  • Listing Provided by: 

    Kristopher German DRE #01800021 909-645-0443,

    RE/MAX 2000 REALTY

    $4,100,000

    145 W Grove St, Rialto, CA 92376

    28beds
    17baths
    13,610sqft
    : 
    Multi Family
    Built in 1974
    -- sqft lot
    $-- Zestimate®
    $301/sqft
    $-- HOA

    What's special

    New hvac systemsRemodeled entrywayNew flooringAll copper plumbingRefreshed landscapingComprehensive renovationsWalk-in closets
    6.03% Current CAP Rate & 11.27 GRM! We are pleased to present an exceptional turn-key investment opportunity in a prime multi-family asset, offering a rare combination of solid cash flow and substantial upside potential. The property features an attractive unit mix of (1) 3-Bedroom/2-Bathroom, (1) 2-Bedroom/2-Bathroom, (10) 2-Bedroom/1-Bathroom, and (3) 1-Bedroom/1-Bathroom units, making it well-suited for a diverse tenant base. Recent capital improvements have brought the property to a "like-new" condition, with 13 out of 15 units undergoing comprehensive renovations that include new flooring, kitchens, bathrooms, walk-in closets, appliances, and updated electrical subpanels. The exterior has also been extensively upgraded, with new HVAC systems, a remodeled entryway, refreshed landscaping, and all copper plumbing, ensuring long-term durability and tenant satisfaction. Built in the 1970s, the property features colonial-style architecture and includes valuable amenities that enhance tenant experience, such as gated on-site parking, an on-site laundry facility, and a recreational room. For added privacy, the property offers a private entrance with an intercom system. Beyond the current upgrades, this property offers immediate value-add potential with approved plans for three ADUs, which will allow for increased rental income and overall asset appreciation. Currently, the property boasts a Gross Rent Multiplier (GRM) of 11.27 and a Capitalization Rate (Cap Rate) of 6.03%, with plenty of upside as market rents continue to rise and the ADU plans are implemented. With the combination of significant recent capital expenditures, desirable tenant amenities, and the approved ADU plans, this asset is primed for both strong short-term returns and long-term value growth. This is an ideal opportunity for investors looking for a well-maintained, cash-flowing property with substantial upside potential.
    247 days
    on Zillow
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    356
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    Zillow last checked: 7 hours ago

    Listing updated: July 24, 2025 at 05:30pm

    Listing Provided by:

    Kristopher German DRE #01800021 909-645-0443,

    RE/MAX 2000 REALTY

    Source: CRMLS,MLS#: CV24236870MLS LogoOriginating MLS: California Regional MLS
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 28
    • Bathrooms: 17
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 13,610
    • Total interior livable area: 13,610 sqft

    Property

    Parking
    • Total spaces: 20
    • Parking features: Carport, Gated, On Site
    • Carport spaces: 16
    • Uncovered spaces: 4
    Features
    • Entry location: Ground
    • Pool features: None
    Lot
    • Size: 0.79 Acres
    • Features: 0-1 Unit/Acre, Corner Lot, Garden
    Details
    • Parcel number: 0127543010000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • Updated/Remodeled,Turnkey
    • New construction: No
    • Year built: 1974

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Street Lights, Sidewalks, Gated
    • Security: Gated Community
    Location
    • Region: Rialto

    Financial & listing details

    • Price per square foot: $301/sqft
    • Date on market: 11/19/2024
    • Listing terms: Cash,Cash to New Loan
    • Total actual rent: 29253
    • Tenant pays: Electricity, Gas
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