242 W Jackson Rialto, CA $ 2,499,999
242 W Jackson
$ 2,499,999
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242 W Jackson

Rialto, CA, 92376
$ 2,499,999
Baths1.0 Sq 9,800

Monthly Estimate*

$ 15,785

Listed by Pinnacle Real Estate Group
242 W Jackson, Rialto, CA 92376 - Image 1
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242 W Jackson, Rialto, CA 92376 - Image 4
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242 W Jackson, Rialto, CA 92376 - Image 8
242 W Jackson, Rialto, CA 92376 - Image 9
Studio

Multi-Family Home for sale in Rialto, CA

for $2,499,999 with 1 full bath. This 9,800 square foot home was built in 1962 on a lot size of 0.3333.

Exceptional Multifamily Investment Opportunity | 8-Unit Value-Add Asset 242 W Jackson St, Rialto, CA 92376 | APN: 0127-311-13-0000 Presenting a rare, high-yield investment opportunity in the rapidly growing Inland Empire. Located at 242 W Jackson St, this impressive multi-family property consists of two buildings featuring eight identical, oversized 2-bedroom, 2-bathroom residences. Spanning a massive 1,225 sq. ft. per unit (9,800 total building sq. ft.), these configurations are significantly larger than area averages, driving exceptional long-term tenant retention and competitive rental premiums. The Ultimate Value-Add Play: -Significant Upside Potential: Current rents are performing well below market rates, offering a clear path to instant cash flow optimization through programmatic unit turns and strategic lease renewals. -Separated Utilities: The property is efficiently designed with 9 separate electric meters and 2 separate water meters, keeping operational overhead remarkably low. -Premium Garage Income: Boasts 11 fully enclosed garages. In a high-density tenant market, these secure units command premium independent rental value or can be bundled to command top-of-market residential rents. -Ancillary Income: Dedicated space on-site for community laundry facilities creates an immediate, reliable secondary revenue stream. Prime Location & Infrastructure: -Commuter Centric: Strategically positioned with immediate, frictionless access to major transit veins including the I-10, I-15, I-210, and I-215 freeways, providing unparalleled connectivity across Southern California. -Walkable Conveniences: Situated just a 5-minute walk from local retail anchors like the Rialto Shopping Center and Superior Grocers. Low Maintenance: Positioned on a manageable 0.33-acre lot with highly functional, paved parking and driveway layouts. Call today! Do not miss your chance to secure a standout, high-square-footage multifamily asset with massive value built-in.

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Multi-Family Active

Price

$ 2,499,999

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 12,918

Style

Lot Size

0.3333

Year Built

1962

Town/City

Rialto

County/Region

San Bernardino

MLS | Web ID

TR26189541

Days on Market

5

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Roof Flat
Appliances Electric Range Refrigerator
HOA Fee 0
Garage Spaces 11
Pool Features None
Security Features Gated Community
Construction Materials Stucco
Year Built 1962
Tenant Pays Electricity
View Neighborhood
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 162960
Community Features Street Lights Sidewalks Gated
Accessibility Safe Emergency Egress from Home
County San Bernardino
Net Operating Income 122434
Operating Expense 40526
Insurance Expense 12883
New Construction false
Property Type Residential Income
HOA false
Contingency 1031 Exchange
Facing Direction South
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Address Units are 244 246 248 250 256 258 260 262 W. Jackson St./Willow Ave
City Rialto
Entry Location Front Gate
Senior Community Y/N false
Open Parking Spaces 11
Number Of Units Total 8
MLS Area 272 - Rialto
Lot Size Units Square Feet
Lot Size Square Feet 14518
Number of Units Leased 8
Listing Terms 1031 Exchange
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 12918
Electric Expense 288
Fuel Expense 0
Trash Expense 3918
Water Sewer Expense 10807
Ok to Lease Month To Month
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source See Remarks
Tax Lot 4
Total Actual Rent 13580
Property Sub Type Additional Apartment
Taxes 12918
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Interior
Interior Amenities Balcony
Flooring Stone
Fireplace Features Bath Dining Room Electric Family Room Kitchen Living Room Primary Bedroom
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Common Area
Entry Level 1
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Exterior
Exterior Amenities Lighting
Fencing Brick
Parking Features Garage Off Street
Lot Features 6-10 Units/Acre
Water Source Public
Total Parking 22
Lot Size Area 14518
Number of Buildings 2
Spa false
Building Area Total 9800
Lot Size Acres 0.3333
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 0
Number of Separate Electric Meters 9
Road Frontage Type Alley City Street
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* Excluded Features
List By
Pinnacle Real Estate Group

Broker

jonchien8@gmail.com

Email

Affordability Calculator

$16,862
Per Month
94%
6%
0%
Monthly Principal & Interest
$15,785
Monthly Property Taxes
$1,077
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/31/2026$2,499,999 0.00% Price Down
8/30/2026$2,500,000 -2.34% Price Down
8/29/2026$2,560,000 Listed Price

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242 W Jackson, Rialto, CA, 92376 is a Multi-Family Home for sale at $2,499,999 with 9,800 sqft and a lot size of 0.3333. 242 W Jackson is a studio with 1.0 baths and was built in 1962. The property's zip code is 92376 which is in Rialto, CA