Stabilized One-Story
For Sale
$975,000
412 West Ramona Drive, Rialto, CA 92376
Stabilized one-story quadplex with four identical two-bedroom, one-bath units and secured outdoor areas.
Property Size2,760 SF
Lot Size0.18 Acres
Price / SF$353.26
Days on Market113
Property Features for 412 West Ramona Drive
General Information
Standard status
Active
Size
2,760 SF
Lot size
0.18 Acres
Property subtype
Multifamily
Additional Details
Cap Rate
5.25%
Fenced Yard
Yes
Multifamily Units
4
Building Details
Year Built
1961
Stories
1
Tenancy
Multi
Listing Agency:
CB RICHARD ELLIS
Listed By:
Eric Chen · License #01489184
(909) 418-2071
Source:
Cbre
Added: May 16
Changed: Sep 4
Last Checked: Jul 25 at 9:30AM
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 CB RICHARD ELLIS
Investment Insights
Based on property information with market context.
Located at 412 W Ramona Drive in Rialto, California, this stabilized one-story quadruplex includes four identical two-bedroom, one-bathroom floor plans. Built in 1961, the residences have been maintained and include modern interior updates with a mix of carpet and vinyl wood flooring. Each unit features wall-mounted central air and heating, security doors, and efficient kitchens with gas stoves and oven ranges. The exterior is secured by an iron fence and gate and offers private porches, private yards, and composition roofs.
The property sits on a ±17,686 square foot lot with ±12,760 rentable square feet. Dedicated surface parking is located to the rear of the property, with additional ample street parking available. BikeScore is 61 and walkScore is 44, reflecting a car-dependent environment with some nearby accessibility; transitScore is 34.
The asset is presented as stabilized, income-producing housing with four matching units and a configuration designed for low-density living.
The property sits on a ±17,686 square foot lot with ±12,760 rentable square feet. Dedicated surface parking is located to the rear of the property, with additional ample street parking available. BikeScore is 61 and walkScore is 44, reflecting a car-dependent environment with some nearby accessibility; transitScore is 34.
The asset is presented as stabilized, income-producing housing with four matching units and a configuration designed for low-density living.
Key Highlights
- Stabilized one‑story quadruplex built in 1961 at 412 W Ramona Drive, Rialto, CA
- 4 identical units: 2 bed / 1 bath each, averaging 690 SF per unit
- Total lot size approx. 17,686 SF and approx. 2,760 rentable SF
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
$39,156
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
4.02%
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%
$783,120
$783.1K
Cap Rate 7%
$559,371
$559.4K
Cap Rate 9%
$435,067
$435.1K
Market Conditions
NOI Build-Up for 2,760 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
$59.6K $21.60/SF
− Vacancy
−$3.7K −$1.33/SF
EGI
$55.9K $20.27/SF
− OpEx
−$16.8K −$6.08/SF
NOI
$39.2K $14.19/SF
Area
Rialto, CA
Vacancy
6.17%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$783,120
Cap Rate 7%
$559,371
Cap Rate 9%
$435,067
Alternative Uses
Best Use
Multifamily LT 5
$559.4K
$489.5K – $652.6K
NOI $39,156 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$498.8K
$436.5K – $581.9K
NOI $34,916 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$697.3K
$610.2K – $813.6K
NOI $48,813 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
859
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?
Quadplex - Stabilized one-story quadplex with four identical two-bedroom, one-bath units and secured outdoor areas.
Where is this quadplex located?
The property is located at 412 West Ramona Drive Rialto, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Stabilized one‑story quadruplex built in 1961 at 412 W Ramona Drive, Rialto, CA; 4 identical units: 2 bed / 1 bath each, averaging 690 SF per unit; Total lot size approx. 17,686 SF and approx. 2,760 rentable SF
