Townhome-Style Multifamily
For Sale
Contact for pricing
Pending
1525 North Palm Avenue, Rialto, CA 92376
Modern 20-unit townhome-style community built in 2008 with a mix of 2- and 3-bedroom floor plans.
Property Size21,440 SF
Days on Market95
Property Features for 1525 North Palm Avenue
General Information
Standard status
Pending
Size
21,440 SF
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$366,154
Building Details
Units
20
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #CA 02100489
(310) 909-5500
Source:
Crexi
Added: Jun 3
Changed: Aug 22
Last Checked: Sep 5 at 7:16AM
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.
Marcus & Millichap is pleased to present a modern, 2008-construction townhome-style multifamily community containing 20 units. The property totals approximately 21,440 rentable square feet and offers six 2-bedroom, 2.5-bath units and fourteen 3-bedroom, 2.5-bath units. Unit layouts are described as family-oriented, with private entrances and a residential living experience. The asset is reported to be meticulously maintained and is being offered as turnkey, with minimal anticipated near-term capital expenditures.
The property is located at 1525 N Palm Avenue in Rialto, California. The community is positioned in the Inland Empire, where the offering notes strong multifamily demand and sustained renter absorption.
From an ownership standpoint, in-place rents are reported to remain slightly below market, with the expectation of upside through natural turnover and light interior upgrades.
The property is located at 1525 N Palm Avenue in Rialto, California. The community is positioned in the Inland Empire, where the offering notes strong multifamily demand and sustained renter absorption.
From an ownership standpoint, in-place rents are reported to remain slightly below market, with the expectation of upside through natural turnover and light interior upgrades.
Key Highlights
- Modern 20‑unit townhome‑style multifamily community built in 2008 at 1525 N Palm Avenue, Rialto, CA
- Approximately 21,440 rentable SF with a unit mix of six 2‑bedroom/2.5‑bath and fourteen 3‑bedroom/2.5‑bath units
- Townhome‑style design with private entrances and residential layout, designed for 2- and 3‑bedroom living
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$271,228
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,424,560
$5.4M
Cap Rate 7%
$3,874,686
$3.9M
Cap Rate 9%
$3,013,644
$3.0M
Market Conditions
NOI Build-Up for 21,440 SF
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.
Gross rent
$527.4K $24.60/SF
− Vacancy
−$34.3K −$1.60/SF
EGI
$493.1K $23.00/SF
− OpEx
−$221.9K −$10.35/SF
NOI
$271.2K $12.65/SF
Area
Rialto, CA
Vacancy
6.50%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,424,560
Cap Rate 7%
$3,874,686
Cap Rate 9%
$3,013,644
Alternative Uses
Best Use
Apartment 5plus
$3.87M
$3.39M – $4.52M
NOI $271,228 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.42M
$4.74M – $6.32M
NOI $379,185 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Explore this area
Business Placement
Demographics for 92376, CA
84,548
Population
22,716
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
72%
High-School Grad
13.3 sq mi
ZIP Area
6,357
Density / Sq Mi
$76,914
Median Household Income
$36,399
Median Earnings
$1,613
Median Rent
$433,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Modern 20-unit townhome-style community built in 2008 with a mix of 2- and 3-bedroom floor plans.
Where is this apartment building located?
The property is located at 1525 North Palm Avenue Rialto, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Modern 20‑unit townhome‑style multifamily community built in 2008 at 1525 N Palm Avenue, Rialto, CA; Approximately 21,440 rentable SF with a unit mix of six 2‑bedroom/2.5‑bath and fourteen 3‑bedroom/2.5‑bath units; Townhome‑style design with private entrances and residential layout, designed for 2- and 3‑bedroom living
