8-Unit Apartment
242 W Jackson, Rialto, CA 92376
For Sale
$2,499,999
Two buildings contain spacious two-bedroom, two-bath residences, with separate garages and room for community laundry.
Property Size9,800 SF
Lot Size0.33 Acres
Price / SF$255.10
Days on Market74
Property Features for 242 W Jackson
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
community laundry facilities
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Pinnacle Real Estate Group
(626) 841-9687
Listed By:
Jonathan Chien · License #01935491
(626) 888-9808
Source:
Ditollarealestate
Added: Aug 28
Changed: Nov 7
Last Checked: Nov 8 at 8:34PM
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 Pinnacle Real Estate Group
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Investment Insights
Based on property information with market context.
This Rialto apartment property comprises two buildings with eight residences, each configured with two bedrooms and two bathrooms. Each apartment measures 1,225 square feet, for 9,800 square feet of total building area. The site also includes 11 enclosed garages, space designated for community laundry, and paved parking and driveways. Separate utility service includes nine electric meters and two water meters. The property occupies a 0.33-acre lot and was built in 1962.
At 242 W Jackson, the property is a five-minute walk from Rialto Shopping Center and Superior Grocers. Freeway access includes I-10, I-15, I-210, and I-215.
At 242 W Jackson, the property is a five-minute walk from Rialto Shopping Center and Superior Grocers. Freeway access includes I-10, I-15, I-210, and I-215.
Key Highlights
- Eight 2‑bedroom, 2‑bath residences across two buildings
- Apartments measure 1,225 square feet each; 9,800 square feet total building area
- 11 enclosed garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,975
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,479,500
$2.5M
Cap Rate 7%
$1,771,071
$1.8M
Cap Rate 9%
$1,377,500
$1.4M
Market Conditions
NOI Build-Up for 9,800 SF
Gross rent
$241.1K $24.60/SF
− Vacancy
−$15.7K −$1.60/SF
EGI
$225.4K $23.00/SF
− OpEx
−$101.4K −$10.35/SF
NOI
$124.0K $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 Rate 5%
$2,479,500
Cap Rate 7%
$1,771,071
Cap Rate 9%
$1,377,500
Alternative Uses
Best Use
Apartment 5plus
$1.77M
$1.55M – $2.07M
NOI $123,975 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,322 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
480
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
$433,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in San Bernardino County, CA
Properties on Market for Apartment buildings in San Bernardino County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings contain spacious two-bedroom, two-bath residences, with separate garages and room for community laundry.
Where is this apartment building located?
The property is located at 242 W Jackson Rialto, CA.
What is the asking price?
The asking price for this property is $2,499,999.
What are key features of this property?
This property features: Eight 2‑bedroom, 2‑bath residences across two buildings; Apartments measure 1,225 square feet each; 9,800 square feet total building area; 11 enclosed garages
