139 N Palm Avenue, Rialto, California 92376, Rialto, - bed, bath
ACTIVE$789,900
139 N Palm Avenue, Rialto, California 92376
5Beds
4Baths
2,683Sqft
7,000Lot
Year Built
1900
Close
-
List price
$790K
Original List price
$790K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25126679
Home ConditionFair
Features
View-
About this home
Discover an exceptional investment opportunity in a desirable Rialto neighborhood! This beautifully remodeled duplex, updated in 2020, is securely gated and currently occupied by tenants, offering immediate income potential. The property boasts a total of 2,683 square feet on a spacious 7,000 square foot lot. Unit 1 features 2 bedrooms and 2 bathrooms, an updated kitchen, a large living room, and convenient laundry hook-ups. Unit 2 offers 3 bedrooms and 2 bathrooms. Both units benefit from separate gas and electric meters. Enjoy a large backyard, perfect for relaxation or entertainment. Its prime location provides easy access to the 210 and 10 Freeways, as well as proximity to schools and shopping.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 5 | 0 | 0% |
| Baths | 4 | 0 | 0% |
| Square foot | 2,683 | 3,708 | 13% |
| Lot Size | 7,000 | 7,403 | 25% |
| Price | $790K | $1.05M | 13% |
| Price per square foot | $294 | $285 | 75% |
| Built year | 1900 | 9830984 | 13% |
| HOA | |||
| Days on market | 151 | 104 | 75% |
Condition Rating
Fair
The property was built in 1900 but remodeled in 2020. The kitchens and bathrooms appear to have been updated, but the overall condition shows some wear and tear. Some deferred maintenance is visible in the bathrooms. The property is aged but maintained through regular upkeep and occasional updates.
Pros & Cons
Pros
Income Potential: The property is a duplex with tenants in place, providing immediate rental income.
Remodeled Units: Both units were updated in 2020, reducing the need for immediate renovations.
Separate Utilities: Each unit has separate gas and electric meters, simplifying billing and tenant management.
Large Lot: The 7,000 sq ft lot provides ample outdoor space and potential for future expansion.
Convenient Location: Easy access to the 210 and 10 Freeways, schools, and shopping enhances its desirability.
Cons
Age of Property: Built in 1900, the property may have underlying structural or system issues common in older homes.
Potential Maintenance: While remodeled, ongoing maintenance will be required to maintain the property's condition and appeal.
Tenant Management: Managing tenants and ensuring consistent rental income requires time and effort.