242 W Jackson St

Rialto, CA 92376

$2,560,000
Price
16
Beds
16
Baths
9,800 Sq. Ft.
$261 / Sq. Ft.
9,800
Sq. Ft.
$261
per Sq. Ft.

Description

Presenting an exceptional investment opportunity: this impressive eight-unit property features spacious 2-bedroom, 2-bath residences, each offering a generous 1,225 sq.ft. —larger than comparable units in the area for enhanced comfort and tenant appeal. Residents benefit from well-designed layouts perfect for modern living. The property boasts 11 fully enclosed garages, offering rare extra parking—a highly sought-after benefit that commands premium value in this neighborhood. Strategically positioned...Presenting an exceptional investment opportunity: this impressive eight-unit property features spacious 2-bedroom, 2-bath residences, each offering a generous 1,225 sq.ft. —larger than comparable units in the area for enhanced comfort and tenant appeal. Residents benefit from well-designed layouts perfect for modern living. The property boasts 11 fully enclosed garages, offering rare extra parking—a highly sought-after benefit that commands premium value in this neighborhood. Strategically positioned near major freeways (210, 10, 15, 215), commuters enjoy unparalleled convenience to local and regional destinations, which further enhances demand. The building’s current rents are below market, creating significant upside for savvy investors. With simple updates and lease renewals, there’s a clear path to increased cash flow. Additional income streams are possible via laundry facilities and garage rentals, maximizing profit and ROI. Surrounded by shopping, dining, and essential services, this property balances tranquility with accessibility. Each unit’s generous size and thoughtful amenities set it apart for discerning tenants. Secure your spot in this vibrant and growing locale. Don’t miss your chance to acquire a stand-out multifamily asset with built-in value and potential—Call and schedule your private tour today to explore the possibilities!
  1. Listed by Jonathan Chien • DRE #01935491 • Brokerage DRE #01918023 • Pinnacle Real Estate Group • 626-841-9687
  2. Listed by Tony Lam • DRE #01944496 • Brokerage DRE #01918023 • Pinnacle Real Estate Group

Property Details for 242 West Jackson Street

Parking Spaces Total
11
Private Pool
No
Cooling Type
Central Air
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
9800
Assessor Parcel Number
0127-311-13-0000
LISTING UPDATED: 10/01/2025 05:59 AM

Property Details for 242 West Jackson Street

StatusActive
MLS #TR25196013
Days on Market116
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1962
CountySan Bernardino County

Location

Listing Courtesy of Pinnacle Real Estate Group, Jonathan Chien, DRE #01935491; Pinnacle Real Estate Group, Tony Lam, DRE #01944496
Add your commute

Building Information for 242 West Jackson Street

Building/Complex242 W Jackson StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1962Building Size-

Payment Calculator

$13,726 per month

30 year fixed, 6.28% Interest

Principal and Interest

$12,650

Property Taxes

$1,076

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 242 West Jackson Street

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $151,680
  • Gross Scheduled Income: $151,680
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $151,680
  • Net Operating Income: $112,035
  • Gross Multiplier: 16.88
  • Cap Rate: 4.38
Expense Details
  • Operating Expense: $39,645
  • Fuel Expense: $0
  • Insurance Expense: $13,638
  • Professional Management Expense: $0
  • Trash Expense: $3,928
  • Water Sewer Expense: $10,807
  • Total Expenses: $15,035
Tax / Assessment Info
  • Tax Tract Number: 5630
  • Tax Census Tract: 35.05
  • CFD/Mello-Roos Fee: $2,700
  • Tax Lot: 4
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits, Parking
  • Disability Access: 2+ Access Exits, Other Main Level Modifications
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Appliances: Electric Range
  • Equipment: Community
  • Interior Features: Balcony
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: Dining Room, Kitchen, Living Room, Patio, Electric
  • Fireplace Rooms: Dining, Electric, Kitchen, Living Room, Patio
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: Ground
  • Fence: Yes
  • Fence: Stucco Wall
  • Fencing: Brick, Stucco Wall
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre, Cul-De-Sac, Lot 10000-19999 Sqft, Rectangular Lot
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
  • Electric: Electricity Available, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 11
  • Parking Garage Spaces: 11
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,420
  • Unit Type Total Rent: $1,420
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,420
  • Unit Type Total Rent: $1,420
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,420
  • Unit Type Total Rent: $1,420
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,520
  • Unit Type Total Rent: $1,520
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,520
  • Unit Type Total Rent: $1,520
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,620
  • Unit Type Total Rent: $1,620
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,820
  • Unit Type Total Rent: $1,820
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 8
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 2

Property History for 242 West Jackson Street

DateEvent & SourcePriceAppreciation
Aug 31, 2025

Listed (Active)

CRMLS #TR25196013

$2,560,000—
Aug 31, 2025

Listed (Active)

CLAW #TR25196013MR

$2,560,000—
Aug 31, 2025

Listed (Active)

SDMLS #TR25196013

$2,560,000—
Jul 21, 2020

Expired

CRMLS #WS19193879

—
Sep 4, 2019

Price Change

CRMLS #WS19193879

$1,638,000—
Aug 1, 2019

Listed (Active)

CRMLS #WS19193879

$1,862,000—
Jan 7, 2015

Sold

CLAW #IV14050474MR

$830,000—
Jan 7, 2015

Sold

CRMLS #IV14050474

$830,000—
Dec 29, 2014

Sold (Public Record)

Public Record #1255467567

$830,000—
Dec 29, 2014

Sold (Public Record)

Public Record #486146392

$830,000

+19.8% / yr

Dec 17, 2014

Pending

CRMLS #IV14050474

—
Dec 17, 2014

Pending

CLAW #IV14050474MR

—
Sep 19, 2014

Price Change

CRMLS #IV14050474

$849,000—
Jun 7, 2014

Price Change

CRMLS #IV14050474

$899,000—
May 23, 2014

Price Change

CRMLS #IV14050474

$949,000—
Mar 11, 2014

Listed (Active)

CRMLS #IV14050474

$989,000—
Mar 11, 2014

Listed (Active)

CLAW #IV14050474MR

$989,000—
Oct 30, 2013

Withdrawn / Cancelled

CLAW #IV13090490MR

—
Oct 30, 2013

Withdrawn / Cancelled

CRMLS #IV13090490

$849,000—
May 15, 2013

Listed (Active)

CLAW #IV13090490MR

$899,900—
May 15, 2013

Listed (Active)

CRMLS #IV13090490

$899,900—
Mar 14, 2013

Sold (Public Record)

Public Record #849213103

$600,000—
Mar 14, 2013

Sold (Public Record)

Public Record #349213103

$600,000—
Mar 14, 2013

Sold

CRMLS #IV13032134

$625,000—
Mar 14, 2013

Sold

CLAW #IV13032134MR

$625,000—
Mar 7, 2013

Pending

CRMLS #IV13032134

—
Mar 7, 2013

Pending

CLAW #IV13032134MR

—
Feb 25, 2013

Listed (Active)

CRMLS #IV13032134

$625,000—
Feb 25, 2013

Listed (Active)

CLAW #IV13032134MR

$625,000—
Aug 15, 2011

Expired

CLAW #C11050896MR

—
Feb 14, 2011

Expired

CRMLS #C11050896

$600,000—
Feb 14, 2011

Listed (Active)

CRMLS #C11050896

$600,000—
Feb 14, 2011

Listed (Active)

CLAW #C11050896MR

$600,000—
DateEvent & SourcePrice
08/31/2025

Listed (Active)

CRMLS #TR25196013

$2,560,000
08/31/2025

Listed (Active)

CLAW #TR25196013MR

$2,560,000
08/31/2025

Listed (Active)

SDMLS #TR25196013

$2,560,000
07/21/2020

Expired

CRMLS #WS19193879

—
09/04/2019

Price Change

CRMLS #WS19193879

$1,638,000
08/01/2019

Listed (Active)

CRMLS #WS19193879

$1,862,000
01/07/2015

Sold

CLAW #IV14050474MR

$830,000
01/07/2015

Sold

CRMLS #IV14050474

$830,000
12/29/2014

Sold (Public Record)

Public Record #1255467567

$830,000
12/29/2014

Sold (Public Record)

Public Record #486146392

$830,000

+19.8% / yr

12/17/2014

Pending

CRMLS #IV14050474

—
12/17/2014

Pending

CLAW #IV14050474MR

—
09/19/2014

Price Change

CRMLS #IV14050474

$849,000
06/07/2014

Price Change

CRMLS #IV14050474

$899,000
05/23/2014

Price Change

CRMLS #IV14050474

$949,000
03/11/2014

Listed (Active)

CRMLS #IV14050474

$989,000
03/11/2014

Listed (Active)

CLAW #IV14050474MR

$989,000
10/30/2013

Withdrawn / Cancelled

CLAW #IV13090490MR

—
10/30/2013

Withdrawn / Cancelled

CRMLS #IV13090490

$849,000
05/15/2013

Listed (Active)

CLAW #IV13090490MR

$899,900
05/15/2013

Listed (Active)

CRMLS #IV13090490

$899,900
03/14/2013

Sold (Public Record)

Public Record #849213103

$600,000
03/14/2013

Sold (Public Record)

Public Record #349213103

$600,000
03/14/2013

Sold

CRMLS #IV13032134

$625,000
03/14/2013

Sold

CLAW #IV13032134MR

$625,000
03/07/2013

Pending

CRMLS #IV13032134

—
03/07/2013

Pending

CLAW #IV13032134MR

—
02/25/2013

Listed (Active)

CRMLS #IV13032134

$625,000
02/25/2013

Listed (Active)

CLAW #IV13032134MR

$625,000
08/15/2011

Expired

CLAW #C11050896MR

—
02/14/2011

Expired

CRMLS #C11050896

$600,000
02/14/2011

Listed (Active)

CRMLS #C11050896

$600,000
02/14/2011

Listed (Active)

CLAW #C11050896MR

$600,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 242 West Jackson Street

Taxable ValueLand$240,370Additions$757,166Total$997,536
Tax Record2025$12,918 ($1,076 / month)
Home Facts
Total Finished SqFt9,800 SqFtAbove Grade Finished SqFt9,800 SqFtLot Size14,518 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountySAN BERNARDINOAPN0127-311-13-0000

Schools near 242 West Jackson Street

This home is within Rialto Unified School District.
Rating
School
Type
Grades
Distance
Henry Elementary School
Public - K to 5
Kolb Middle School
Public - 6 to 8
Eisenhower Senior High School
Public - 9 to 12
Milor Continuation High School
Public - 9 to 12
Rating
School
Distance
Henry Elementary School
PublicK to 5

Kolb Middle School
Public6 to 8

Eisenhower Senior High School
Public9 to 12

Milor Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 242 West Jackson Street, Rialto, CA 92376

242 West Jackson Street is a multi-family home for sale in Rialto, CA 92376. This property was listed for sale on August 31, 2025 by Pinnacle Real Estate Group, it's currently listed at $2,560,000. It has been on the market for a total of 116 days and was last sold on January 7, 2015. This listing's school district is Rialto Unified School District. Nearby schools include Henry Elementary School, Kolb Middle School and Eisenhower Senior High School. 242 West Jackson Street is a 16-bed, 16-bath, 9,800 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pinnacle Real Estate Group, Jonathan Chien, DRE #01935491; Pinnacle Real Estate Group, Tony Lam, DRE #01944496

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.