Turnkey Townhome-Style Apartment
1520 South Palm Avenue Rialto, CA 92376
1520 South Palm Avenue, Rialto, CA, 92376
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For Sale
Contact for pricing
Turnkey 2008-built, townhome-style multifamily asset with eight units and two and six-bedroom mix.
Property Size8,576 SF
Price / SF$354.48
Days on Market50
Property Features for 1520 South Palm Avenue
General Information
- Standard status
- Active
- Size
- 8,576 SF
- Property subtype
- Multifamily
Listing agency
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed by
Jason Fefer · License #CA 02100489
Source
Crexi
Added: Jun 3 Updated: Jul 21 at 2:06AM Checked: Jul 21 at 10:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Turnkey, 2008-construction townhome-style multifamily property offering eight units in a well-maintained, condo-quality design. The unit mix includes two 2-bedroom/2.5-bath townhomes and six 3-bedroom/2.5-bath townhomes, totaling approximately 8,576 rentable square feet.
Located at 1520 South Palm Avenue in Rialto, California, the property provides a family-oriented layout with townhome-style living across all units. In-place rents are described as slightly below market, with limited near-term capital needs noted in the remarks.
Located at 1520 South Palm Avenue in Rialto, California, the property provides a family-oriented layout with townhome-style living across all units. In-place rents are described as slightly below market, with limited near-term capital needs noted in the remarks.
Key Highlights
- Turnkey 2008‑construction, townhome‑style multifamily at 1520 N Palm Avenue, Rialto, CA
- 8‑unit property totaling approx. 8,576 rentable SF
- Unit mix includes two 2‑bedroom/2.5‑bath townhomes and six 3‑bedroom/2.5‑bath townhomes
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $211.0k | $24.60 |
| − Vacancy | −$13.7k | −$1.60 |
| EGI | $197.3k | $23.00 |
| − OpEx | −$88.8k | −$10.35 |
| NOI | $108.5k | $12.65 |
8,576 SF · lease $24.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,491 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,674 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Palm Villa Park ...
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Turnkey 2008-built, townhome-style multifamily asset with eight units and two and six-bedroom mix.
Where is this apartment building located?
The property is located at 1520 South Palm Avenue Rialto, CA.
What is the asking price?
The asking price for this property is $3,040,000.
What are key features of this property?
This property features: Turnkey 2008‑construction, townhome‑style multifamily at 1520 N Palm Avenue, Rialto, CA; 8‑unit property totaling approx. 8,576 rentable SF; Unit mix includes two 2‑bedroom/2.5‑bath townhomes and six 3‑bedroom/2.5‑bath townhomes
