242 West Jackson Street
Description
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...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.
- Listed by: Jonathan Chien DRE #01935491 Brokerage DRE #01918023 • Pinnacle Real Estate Group 626-841-9687
- Listed by: Tony Lam DRE #01944496 Brokerage DRE #01918023 • Pinnacle Real Estate Group
Location
Payment Calculator
$14,088 per month
30 year fixed, 6.55% Interest
$13,012
$1,076
$0
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1Property Information for 242 West Jackson Street
- MLS Type: Residential Income / Apartment
- County: San Bernardino County
- View: Neighborhood
- Parking Spaces Total: 22
- Private Pool: No
- Cooling Type: Central Air
- Total Units: 8.0
- Lot Size Source: Assessor
- Property Attached YN: true
- Common Walls: 1 Common Wall
- New Construction: No
- Average Studio Area Units: Square Feet
- Average 1 Bed Area Units: Square Feet
- Average 2 Bed Area Units: Square Feet
- Average 3 Bed Area Units: Square Feet
- Building Area Total: 9800
- Building Area Units: Square Feet
- Stories Total: 2
- Entry Level: 1
- Fireplace: Yes
- Spa: No
- View: Yes
- View: Yes
- Association: No
- Association Fee: $.00
- Senior Community: No
- Parcel Number: 0127311130000
- Area: Rialto (272)
- Directions: Address Units are 244,246,248,250,256,258,260,262 W. Jackson St./Willow Ave
- Stories: 2
- Year Built: 1962
- Lot Size: 0.33 AC / 14,518 SF
- Lease Term: Month To Month
- Tenant Pays: Electricity
- Gross Income: $162,960
- Gross Scheduled Income: $162,960
- Gross Operating Income: $162,960
- Net Operating Income: $122,434
- Number Of Rented Garages: 1
- Garage Rental Rate: $100
- Garage Income: $100
- Operating Expense: $40,526
- New Taxes Expense: $12,918
- Fuel Expense: $0
- Electric Expense: $288
- Insurance Expense: $12,883
- Professional Management Expense: $0
- Trash Expense: $3,918
- Water Sewer Expense: $10,807
- Total Expenses: $40,526
- Tax Annual Amount: $12,918
- Tax Tract Number: 5630
- Tax Lot: 4
- Accessibility Features: 2+ Access Exits
- Community Features: Street Lights, Sidewalks
- Appliances: Refrigerator, Electric Range
- Interior Features: Balcony
- Room Type: Primary Bedroom, Kitchen, Living Room, Family Room, Primary Bathroom
- Laundry: Yes
- Laundry Features: Common Area
- Laundry Equipment Own Lease: Own
- Fireplace Features: Dining Room, Kitchen, Electric, Primary Bedroom, Living Room, Bath, Family Room
- Cooling: Central Air
- Heating Type: Central
- Heating: Central
- Flooring Type: Stone
- Flooring: Stone
- Security Features: Gated Community
- Construction Materials: Stucco
- Exterior Features: Lighting
- Roof: Flat
- Entry Location: Front Gate
- Fence: Yes
- Fencing: Brick
- Pool Features: None
- Spa Features: None
- Lot Features: 6-10 Units/Acre
- Direction Faces: South
- Land Lease: No
- Road Surface Type: Paved
- Road Frontage Type: City Street, Alley
- Levels: Two
- Sewer: Public Sewer
- Utilities: Sewer Connected, Electricity Connected, Water Connected
- Water Source: Public
- Garage Spaces: 11
- Parking: Yes
- Uncovered Spaces: 11
- Parking Features: Garage, Off Street
- 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: $1,525
- Unit Type Total Rent: $1,525
- Unit Type Pro Forma: 2200
- Unit Type Type: 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: $1,955
- Unit Type Total Rent: $1,955
- Unit Type Pro Forma: 2200
- Unit Type Type: 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: $1,525
- Unit Type Total Rent: $1,525
- Unit Type Pro Forma: 2200
- Unit Type Type: 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: $2,040
- Unit Type Total Rent: $2,040
- Unit Type Pro Forma: 2200
- Unit Type Type: 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: $1,740
- Unit Type Total Rent: $1,740
- Unit Type Pro Forma: 2200
- Unit Type Type: 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: $1,635
- Unit Type Total Rent: $1,635
- Unit Type Pro Forma: 2200
- Unit Type Type: 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: $1,635
- Unit Type Total Rent: $1,635
- Unit Type Pro Forma: 2200
- Unit Type Type: 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: $1,525
- Unit Type Total Rent: $1,525
- Unit Type Pro Forma: 2200
- Unit Type Type: 8
- Number Of Units Leased: 8
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 9
- Number Of Separate Gas Meters: 0
- Number Of Separate Water Meters: 2
- Number With Range: 8
- Number With Refrigerator: 8
- Number With Disposal: 8
Property History for 242 West Jackson Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Aug 28, 2026 | Listed (Active) CRMLS #TR26189541 | $2,560,000 | — |
| Mar 2, 2026 | Expired CRMLS #TR25196013 | — | |
| Mar 1, 2026 | Expired CLAW #TR25196013MR | $2,560,000 | — |
| Feb 28, 2026 | Withdrawn / Cancelled CRMLS #TR25196013 | $2,560,000 | — |
| Feb 28, 2026 | Expired SDMLS #TR25196013 | $2,560,000 | — |
| Feb 28, 2026 | Withdrawn / Cancelled SDMLS #TR25196013 | $2,560,000 | — |
| Feb 28, 2026 | Withdrawn / Cancelled CLAW #TR25196013MR | — | |
| Aug 31, 2025 | Listed (Active) SDMLS #TR25196013 | $2,560,000 | — |
| Aug 31, 2025 | Listed (Active) CLAW #TR25196013MR | $2,560,000 | — |
| Aug 31, 2025 | Listed (Active) CRMLS #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) CLAW #IV14050474MR | $989,000 | — |
| Mar 11, 2014 | Listed (Active) CRMLS #IV14050474 | $989,000 | — |
| Oct 30, 2013 | Withdrawn / Cancelled CRMLS #IV13090490 | $849,000 | — |
| Oct 30, 2013 | Withdrawn / Cancelled CLAW #IV13090490MR | — | |
| May 15, 2013 | Listed (Active) CRMLS #IV13090490 | $899,900 | — |
| May 15, 2013 | Listed (Active) CLAW #IV13090490MR | $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 CLAW #IV13032134MR | $625,000 | — |
| Mar 14, 2013 | Sold CRMLS #IV13032134 | $625,000 | — |
| Mar 7, 2013 | Pending CLAW #IV13032134MR | — | |
| Mar 7, 2013 | Pending CRMLS #IV13032134 | — | |
| Feb 25, 2013 | Listed (Active) CLAW #IV13032134MR | $625,000 | — |
| Feb 25, 2013 | Listed (Active) CRMLS #IV13032134 | $625,000 | — |
| Aug 15, 2011 | Expired CLAW #C11050896MR | — | |
| Feb 14, 2011 | Expired CRMLS #C11050896 | $600,000 | — |
| Feb 14, 2011 | Listed (Active) CLAW #C11050896MR | $600,000 | — |
| Feb 14, 2011 | Listed (Active) CRMLS #C11050896 | $600,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 08/28/2026 | Listed (Active) CRMLS #TR26189541 | $2,560,000 |
| 03/02/2026 | Expired CRMLS #TR25196013 | — |
| 03/01/2026 | Expired CLAW #TR25196013MR | $2,560,000 |
| 02/28/2026 | Withdrawn / Cancelled CRMLS #TR25196013 | $2,560,000 |
| 02/28/2026 | Expired SDMLS #TR25196013 | $2,560,000 |
| 02/28/2026 | Withdrawn / Cancelled SDMLS #TR25196013 | $2,560,000 |
| 02/28/2026 | Withdrawn / Cancelled CLAW #TR25196013MR | — |
| 08/31/2025 | Listed (Active) SDMLS #TR25196013 | $2,560,000 |
| 08/31/2025 | Listed (Active) CLAW #TR25196013MR | $2,560,000 |
| 08/31/2025 | Listed (Active) CRMLS #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) CLAW #IV14050474MR | $989,000 |
| 03/11/2014 | Listed (Active) CRMLS #IV14050474 | $989,000 |
| 10/30/2013 | Withdrawn / Cancelled CRMLS #IV13090490 | $849,000 |
| 10/30/2013 | Withdrawn / Cancelled CLAW #IV13090490MR | — |
| 05/15/2013 | Listed (Active) CRMLS #IV13090490 | $899,900 |
| 05/15/2013 | Listed (Active) CLAW #IV13090490MR | $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 CLAW #IV13032134MR | $625,000 |
| 03/14/2013 | Sold CRMLS #IV13032134 | $625,000 |
| 03/07/2013 | Pending CLAW #IV13032134MR | — |
| 03/07/2013 | Pending CRMLS #IV13032134 | — |
| 02/25/2013 | Listed (Active) CLAW #IV13032134MR | $625,000 |
| 02/25/2013 | Listed (Active) CRMLS #IV13032134 | $625,000 |
| 08/15/2011 | Expired CLAW #C11050896MR | — |
| 02/14/2011 | Expired CRMLS #C11050896 | $600,000 |
| 02/14/2011 | Listed (Active) CLAW #C11050896MR | $600,000 |
| 02/14/2011 | Listed (Active) CRMLS #C11050896 | $600,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 242 West Jackson Street
Schools near 242 West Jackson Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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.