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1525 N Palm Ave
Rialto, CA 92376
Trophy 20-Unit Townhome-Style Apt Community · Multifamily Property For Sale
·
20 Units


INVESTMENT HIGHLIGHTS
- Also Available For Sale: Neighboring 8Unit Asset (1520 N Palm Ave), Built With Identical Design and Vintage
- Central A/C & Heat, Washer & Dryer Hook-Ups, and Upgraded Kitchens W/ Granite Countertops
- Attractive Unit Mix with Built-In Rent Upside
- 2008 Construction | Townhome Layout Built to Condo Specs
- Each Units Includes an Attached Single Car Enclosed Garage and One Outdoor Parking Space
- Located in the High-Growth Inland Empire Market
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to acquire a modern, 2008-construction, 20-unit townhome-style multifamily community located at 1525 N Palm Avenue in Rialto, California. Totaling approximately 21,440 rentable square feet, the property features an attractive mix of six 2-bedroom / 2.5-bath units and fourteen 3-bedroom / 2.5-bath units floor plans that consistently appeal to families and working professionals seeking larger layouts, private entrances, and a residential living experience not typically found in traditional apartment buildings.
The asset has been meticulously maintained and operates as a turnkey investment with minimal anticipated near-term capital expenditures. Built to condo-quality specifications, the property offers durable construction, modern design, and strong long-term operational efficiency. In-place rents remain slightly below market, providing immediate upside through natural turnover and light interior upgrades.
Located within the high-growth Inland Empire, one of the fastest-expanding and most economically diverse regions in California, the property benefits from powerful multifamily fundamentals. The Riverside-San Bernardino MSA continues to experience strong absorption, historically low vacancy rates, and sustained demand from renters priced out of Los Angeles and Orange County. This dynamic positions 1525 N Palm Avenue to maintain high occupancy, competitive rent growth, and long-term appreciation.
The asset has been meticulously maintained and operates as a turnkey investment with minimal anticipated near-term capital expenditures. Built to condo-quality specifications, the property offers durable construction, modern design, and strong long-term operational efficiency. In-place rents remain slightly below market, providing immediate upside through natural turnover and light interior upgrades.
Located within the high-growth Inland Empire, one of the fastest-expanding and most economically diverse regions in California, the property benefits from powerful multifamily fundamentals. The Riverside-San Bernardino MSA continues to experience strong absorption, historically low vacancy rates, and sustained demand from renters priced out of Los Angeles and Orange County. This dynamic positions 1525 N Palm Avenue to maintain high occupancy, competitive rent growth, and long-term appreciation.
PROPERTY FACTS
| Price Per Unit | $516,937 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.10 AC |
| Cap Rate | 4.88% | Building Size | 21,440 SF |
| Gross Rent Multiplier | 13.81 | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2008 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R3 - Multifamily, per the title company. | ||
| Price Per Unit | $516,937 CAD |
| Sale Type | Investment |
| Cap Rate | 4.88% |
| Gross Rent Multiplier | 13.81 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.10 AC |
| Building Size | 21,440 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | R3 - Multifamily, per the title company. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Family Room
- Patio
- Window Coverings
SITE AMENITIES
- Courtyard
- Picnic Area
- Gated
- Gas Range
PROPERTY TAXES
| Parcel Number | 0127-151-20 | Improvements Assessment | $4,437,968 CAD |
| Land Assessment | $1,017,183 CAD | Total Assessment | $5,455,150 CAD |
PROPERTY TAXES
Parcel Number
0127-151-20
Land Assessment
$1,017,183 CAD
Improvements Assessment
$4,437,968 CAD
Total Assessment
$5,455,150 CAD
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