291 W South St

2
Baths
2,214 Sq. Ft.
$176 / Sq. Ft.
2,214
Sq. Ft.
$176
per Sq. Ft.

Description

Amazing opportunity to own an income producing duplex in Rialto. Both homes are 2 bedroom, 1 bath properties with an additional permitted full sized finished basement that includes an additional fireplace and bath. Both basements are accessible through a stairway in the garage. Each home has it's own garage, driveway, laundry, and patio. The duplex is built on a big 15,115 sf lot. A large portion of the lot is currently unused and city zoning allows for the construction of an additional unit. This...Amazing opportunity to own an income producing duplex in Rialto. Both homes are 2 bedroom, 1 bath properties with an additional permitted full sized finished basement that includes an additional fireplace and bath. Both basements are accessible through a stairway in the garage. Each home has it's own garage, driveway, laundry, and patio. The duplex is built on a big 15,115 sf lot. A large portion of the lot is currently unused and city zoning allows for the construction of an additional unit. This is the perfect opportunity for: 1. A buyer looking to live in one and rent out the other. 2. An investor looking to own units with positive cash flow. 3. An investor looking to build an additional unit. Deals like this don't come around often! Back on market due to buyer's severe health issues
  1. Listed by MARCO VELAZQUEZ • DRE #01257896 • Brokerage DRE #01803515 • RE/MAX TOP PRODUCERS

Property Details for 291 West South Street

Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Air
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2214
Assessor Parcel Number
0131-051-31-0000
LISTING CLOSED: 10/12/2017 12:00 AM

Property Details for 291 West South Street

StatusClosed
MLS #CV17104334
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.35 AC / 15,115 SF
CountySan Bernardino County

Location

Listing Courtesy of RE/MAX TOP PRODUCERS, MARCO VELAZQUEZ, DRE #01257896

Sold By CRMLS, General NONMEMBER, DRE #01459925

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Building Information for 291 West South Street

Stories1Residences-Year Built1964Building Size-Lot Size0.35 AC / 15,115 SF

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OriginPoint Mortgage or Rocket Mortgage1

$2,483 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,943

Property Taxes

$540

HOA Dues

$0

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Property Information for 291 West South Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $32,400
  • Gross Scheduled Income: $32,400
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $32,400
  • Net Operating Income: $25,916
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
Expense Details
  • Operating Expense: $6,484
  • New Taxes Expense: $5,776
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $300
  • Trash Expense: $0
  • Water Sewer Expense: $100
  • Total Expenses: $6,176
Tax / Assessment Info
  • Tax Rate: 1.52
  • Tax Year: 2016
  • Tax Tract Number: 0
  • Tax Census Tract: 37.00
  • Tax Lot: 0
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Room Type: Basement
  • Laundry: Yes
  • Laundry Features: In Garage, Inside
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring Type: Carpet, Tile
  • Flooring: Carpet, Tile
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot, Front Yard, Lot 10000-19999 Sqft, Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Driveway - Concrete, Garage
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Concrete, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 291 West South Street

DateEvent & SourcePriceAppreciation
Oct 12, 2017

Sold

CLAW #CV17104334MR

$390,000
Oct 12, 2017

Sold

SDMLS #CV17104334

$390,000
Oct 12, 2017

Sold

CRMLS #CV17104334

$390,000
DateEvent & SourcePrice
10/12/2017

Sold

CLAW #CV17104334MR

$390,000
10/12/2017

Sold

SDMLS #CV17104334

$390,000
10/12/2017

Sold

CRMLS #CV17104334

$390,000

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

Public Records for 291 West South Street

Taxable ValueLand$116,058Additions$336,570Total$452,628
Tax Record2025$6,481 ($540 / month)
Home Facts
Baths1Total Finished SqFt4,080 SqFtAbove Grade Finished SqFt4,080 SqFtLot Size15,115 SqFtStyleDuplexYear Built1964Year Renovated1964CountySAN BERNARDINOAPN0131-051-31-0000

Schools near 291 West South Street

This home is within Rialto Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sam V. Curtis Elementary School
PublicK to 5

Rialto Middle School
Public6 to 8

Rialto 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 RE/MAX TOP PRODUCERS, MARCO VELAZQUEZ, DRE #01257896

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.