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.
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
Multi Family
Built in 1962
-- sqft lot
$2,374,900 Zestimate®
$255/sqft
$-- HOA
What's special
- 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#: TR26189541
Originating 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
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Price change | $2,499,9990%$255/sqft |
Source: | ||
| 8/30/2026 | Listed for sale | $2,500,000+194.5%$255/sqft |
Source: | ||
| 12/19/2014 | Listing removed | $849,000$87/sqft |
Source: Golden California Realty #IV14050474 Report a problem | ||
| 9/20/2014 | Price change | $849,000-5.6%$87/sqft |
Source: Golden California Realty #IV14050474 Report a problem | ||
| 6/9/2014 | Price change | $899,000-5.3%$92/sqft |
Source: Golden California Realty #IV14050474 Report a problem | ||
| 5/24/2014 | Price change | $949,000-4%$97/sqft |
Source: Golden California Realty #IV14050474 Report a problem | ||
| 3/12/2014 | Listed 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





