160 W Cascade Drive, Rialto, California 92376, Rialto, - bed, bath

home-pic
ACTIVE$1,190,000
160 W Cascade Drive, Rialto, California 92376
0Bed
0Bath
3,608Sqft
8,214Lot
Year Built
1968
Close
-
List price
$1.19M
Original List price
$1.25M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25072534
Home ConditionFair
Features
Good View:
View-

About this home

Excellent Investment opportunity 4 units property on a big corner lot! This well-maintained fourplex in a great location, making it a prime investment for both short-term and long-term strategies. The front unit A offers 3beds/2baths, and the other three units B,C,D each have 2 beds/1bath. Newer 5-year-old roof for added durability. Tile flooring throughout the house for easy maintenance. All plumbing is copper. Each unit has its own 1-car garage, 4 separate electric meters, 5 separate gas meters, , 1 water meter, 4 disposal, with tenants responsible for electricity and gas bill. Wall Ac units in each unit. There've been no late rent payments from tenants. The tenants are on month-to-month lease, and there are also no section 8 tenants. There is no rent control. Unit A is approximately 1,058 square feet (estimated), while Units B, C, and D are each approximately 850 square feet (estimated). - Unit A (3 beds / 2 baths) is currently rented at $2,400. - Unit B (2 beds / 1 bath) is rented at $1,640. - Unit C (2beds/1 bath) is rented at $1,900. - Unit D (2beds/1 bath) is rented at $1,750. Located in a rapidly growing area, this property is close to major amenities, including, restaurants, jack in the box, In-N-Out Burger, the coffee Bean & Tea Leaf, Walmart, markets, schools, USPS post office, and freeway access 210, making it highly desirable for tenants. Don't miss out on this fantastic income - generating opportunity.

Price History

Date
Event
Price
08/05/25
$1,190,000
04/03/25
$1,250,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (7 Listings)
Beds00
Baths00
Square foot3,6083,708
25%
Lot Size8,2147,810
50%
Price$1.19M$1.1M
63%
Price per square foot$330$285
88%
Built year19689835984
63%
HOA
Days on market217106
88%
Condition Rating
Fair

Built in 1968, this property is aged but appears well-maintained with functional systems. The 5-year-old roof and copper plumbing are significant updates. However, the interior images reveal kitchens and bathrooms with dated styles, older appliances, and wall AC units, suggesting cosmetic renovations were done 15-30 years ago rather than recently. It's move-in ready but requires minor updates for modern aesthetics and comfort.
Pros & Cons

Pros

Strong Investment Opportunity: This quadruplex is explicitly marketed as an 'Excellent Investment opportunity' and 'fantastic income-generating opportunity' in a rapidly growing area, ideal for both short-term and long-term strategies.
Favorable Lease Terms & Tenant Profile: Tenants are on month-to-month leases, offering flexibility for a new owner. The property boasts no late rent payments and no Section 8 tenants, indicating a stable tenant base, and importantly, there is no rent control.
Separately Metered Utilities: Each unit has its own electric and gas meters (4 electric, 5 gas), with tenants responsible for these bills, significantly reducing the owner's operating expenses.
Strategic Location & Accessibility: Located in a 'great location' and 'rapidly growing area,' the property is close to major amenities like restaurants, Walmart, schools, and offers convenient freeway access (210), enhancing tenant desirability.
Key Property Upgrades & Durability: The property features a newer 5-year-old roof, copper plumbing throughout, and tile flooring for easy maintenance, indicating good upkeep and reduced immediate capital expenditure.

Cons

Single Water Meter: The property has only one water meter for all four units, meaning the landlord likely covers the water bill or must implement a system for splitting costs, which can be an unrecoverable expense or a point of contention.
Older Construction & AC Type: Built in 1968, the property is over 50 years old. While well-maintained, it relies on less efficient wall AC units rather than central air, which might impact tenant comfort and long-term appeal compared to newer constructions.
Recent Price Reduction: The property has undergone a price reduction from its original list price of $1.25M to $1.19M, which could suggest initial overpricing or a lack of strong buyer interest at the higher price point.

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