145 W Grove Street, Rialto, CA 92376
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates



145 W Grove Street,Rialto, CA 92376
$4,100,000
- 8 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:kristopher german
Office:re/max 2000 realty
MLS#:CV24236870
Source:SANDICOR
Price summary
- Price:$4,100,000
About this home
6.03% Current CAP Rate & 11.27 GRM! We are pleased to present an exceptional turn-key investment opportunity in a prime multi-family asset, offering a rare combination of solid cash flow and substantial upside potential. The property features an attractive unit mix of (1) 3-Bedroom/2-Bathroom, (1) 2-Bedroom/2-Bathroom, (10) 2-Bedroom/1-Bathroom, and (3) 1-Bedroom/1-Bathroom units, making it well-suited for a diverse tenant base. Recent capital improvements have brought the property to a "like-new" condition, with 13 out of 15 units undergoing comprehensive renovations that include new flooring, kitchens, bathrooms, walk-in closets, appliances, and updated electrical subpanels. The exterior has also been extensively upgraded, with new HVAC systems, a remodeled entryway, refreshed landscaping, and all copper plumbing, ensuring long-term durability and tenant satisfaction. Built in the 1970s, the property features colonial-style architecture and includes valuable amenities that enhance tenant experience, such as gated on-site parking, an on-site laundry facility, and a recreational room. For added privacy, the property offers a private entrance with an intercom system. Beyond the current upgrades, this property offers immediate value-add potential with approved plans for three ADUs, which will allow for increased rental income and overall asset appreciation. Currently, the property boasts a Gross Rent Multiplier (GRM) of 11.27 and a Capitalization Rate (Cap Rate) of 6.03%, with plenty of upside as market rents continue to rise and the ADU plans are implemented. With the combin
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Home facts
- Listing Id #:CV24236870
- Added:267 day(s) ago
- Updated:August 14, 2025 at 01:50 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:6
Heating and cooling
- Cooling:Central Forced Air
Finances and disclosures
- Price:$4,100,000
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