$1,240,000
SOLD DEC 30, 2024

427 W 3rd St Rialto, CA 92376

13 Beds
9 Baths
6,068 Sq Ft
0.5 Acres

Recently Sold

$204 Per Sq Ft

22% Below List Price

134 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Tile Flooring
  • 0.5 Acre Lot
  • Cooling Available
  • 3-minute walk to Bud Bender Park

About This Home

As of December 2024

The price for this incredible property has just been reduce, offering an even greater opportunity to own this Unique Investment Opportunity in Rialto!!
Welcome to this exceptional property, offering a unique blend of residential and investment potential. This detached single-family home features 5 bedrooms and 3 bathrooms with a detached two-car garage and a private backyard.
Situated on a generous 21,855 sq ft lot, the property also includes six additional apartments at the back. Two of these units are 2-bedroom, 1-bathroom apartments, and the other four are 1-bedroom, 1-bathroom apartments. Each unit comes with an assigned parking space, ensuring convenience for all residents.
Located within walking distance to downtown Rialto's shops and close to major freeways, this property offers both accessibility and privacy. It's the perfect investment for future owners looking to occupy the front house while generating rental income from the back units.

Don't miss out on this unique home and investment opportunity in a prime Rialto location.

Last Agent to Sell the Property

Jennifer Coutinho

COLDWELL BANKER LEADERS Brokerage Phone: 310-594-6921 License #01368781 Listed on: 07/22/2024

COLDWELL BANKER LEADERS

Last Buyer's Agent

Jennifer Coutinho

COLDWELL BANKER LEADERS Brokerage Phone: 310-594-6921 License #01368781 Listed on: 07/22/2024

COLDWELL BANKER LEADERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.5 Acre Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Density is 6-10 Units/Acre

Parking

  • 7 Open Parking Spaces
  • 2 Car Garage
  • 1 Carport Space
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Property Attached
  • Shingle Roof
  • Rolled or Hot Mop Roof

Interior Spaces

  • 6,068 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 13 Bedrooms
  • All Bedrooms Down
  • 9 Bathrooms

Additional Features

  • Exterior Lighting
  • Cooling Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 2755
  • Assessor Parcel Number 0130082060000
  • $3,944 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $8,400
  • Professional Management Expense $300
  • Trash Expense $582
  • Water Sewer Expense $633
  • Operating Expense $1,515
  • Gross Income $107,472
  • Net Operating Income $78,712

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 199857
  • Professional Management Expense: 300.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 633.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 0130082060000
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: front & back
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: See Remarks
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Price Per Square Foot: 204.35
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Rolled/Hot Mop, Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 7.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 582.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 21855.00
  • Lot Size Acres: 0.5017

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 107472.00
  • Gross Scheduled Income: 107472.00
  • Insurance Expense: 8400.00
  • Lot Size Area: 21855.0000 Square Feet
  • Net Operating Income: 78712.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 28760.00
  • Rent Control: No
  • Total Expenses: 1515.00

Tax Info

  • Tax Census Tract: 35.09
  • Tax Lot: 9
  • Tax Tract Number: 2755
  • TaxOtherAnnualAssessmentAmount: 3944.00

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Sold $1,240,000 -11.4% $204 / Sq Ft
12/03/2024 12/03/24 Pending -- -- --
11/18/2024 11/18/24 Price Changed $1,399,000 -12.6% $231 / Sq Ft
07/22/2024 07/22/24 For Sale $1,600,000 -- $264 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24149839

California Regional Multiple Listing Service (CRMLS)