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For sale
  • Listed by: Pinnacle Real Estate Group • Jonathan Chien • Contact: 626-841-9687
    $2,499,999

    242 W Jackson St, Rialto, CA 92376

    16beds
    16baths
    9,800sqft
    : 
    $16,535/mo
    Get pre-qualified
    Multi Family
    Built in 1962
    -- sqft lot
    $2,374,900 Zestimate®
    $255/sqft
    $-- HOA

    What's special

    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.
    28 days
    110
    11

    Zillow last checked:

    Listing updated:

    Listed by:

    Jonathan Chien DRE #01935491 626-841-9687,

    Pinnacle Real Estate Group,

    Tony Lam DRE #01944496 909-618-3765,

    Pinnacle Real Estate Group

    Source: CRMLS,MLS#: TR26189541MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 16
      • Bathrooms: 16
      Rooms
      • Room types: Family Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Electric Range, Refrigerator
      • Laundry: Common Area
      Features
      • Balcony
      • Flooring: Stone
      • Has fireplace: Yes
      • Fireplace features: Bath, Dining Room, Electric, Family Room, Kitchen, Living Room, Primary Bedroom
      • Common walls with other units/homes: 1 Common Wall
      Interior area
      • Total structure area: 9,800
      • Total interior livable area: 9,800 sqft

      Property

      Parking
      • Total spaces: 22
      • Parking features: Garage, Off Street
      • Garage spaces: 11
      • Uncovered spaces: 11
      Accessibility
      • Accessibility features: Safe Emergency Egress from Home
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: Front Gate
      • Exterior features: Lighting
      • Pool features: None
      • Spa features: None
      • Fencing: Brick
      • Has view: Yes
      • View description: Neighborhood
      Lot
      • Size: 0.33 Acres
      • Features: 6-10 Units/Acre
      Details
      • Parcel number: 0127311130000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Stucco
      • Roof: Flat
      Condition
      • New construction: No
      • Year built: 1962

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Street Lights, Sidewalks, Gated
      • Security: Gated Community
      Location
      • Region: Rialto

      Financial & listing details

      • Price per square foot: $255/sqft
      • Annual tax amount: $12,918
      • Date on market: 8/28/2026
      • Cumulative days on market: 28 days
      • Listing terms: 1031 Exchange
      • Lease term: Month To Month
      • Total actual rent: 13580
      • Tenant pays: Electricity
      • Road surface type: Paved

        Estimated market value

        $2,374,900

        $2.26M - $2.49M

        $1,815/mo

        Price history

        DateEventPrice
        8/31/2026Price change$2,499,9990%$255/sqft
        Source: CRMLS #TR26189541 Report a problem
        8/30/2026Listed for sale$2,500,000+194.5%$255/sqft
        Source: CRMLS #TR26189541 Report a problem
        12/19/2014Listing removed$849,000$87/sqft
        Source: Golden California Realty #IV14050474 Report a problem
        9/20/2014Price change$849,000-5.6%$87/sqft
        Source: Golden California Realty #IV14050474 Report a problem
        6/9/2014Price change$899,000-5.3%$92/sqft
        Source: Golden California Realty #IV14050474 Report a problem
        5/24/2014Price change$949,000-4%$97/sqft
        Source: Golden California Realty #IV14050474 Report a problem
        3/12/2014Listed for sale$989,000$101/sqft
        Source: Golden California Realty #IV14050474 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 92376

        Getting around

        70 / 100
        Somewhat Walkable
        29 / 100
        Some Transit
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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