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$799,000

Beds
5
sq ft
2,683

139 N Palm Ave, Rialto, CA 92376

139 N Palm Ave

Rialto, CA 92376

  • 31 days on market
Beautifully Remodeled Duplex !! Great Income Opportunity!! This duplex features a living area of 2,683 sq. ft. and a lot size of 7,000 sq. ft. Each unit has been tastefully upgraded in recent years and includes: Wall A/C in each bedroom and living room, New plumbing, New kitchen with appliances, New bathrooms, New windows, New roof, Updated electrical systems, New water heater. Unit 1 (Ground Floor) consist of totally upgraded Kitchen, 2 bedrooms, 2 bathrooms, Large living room, Indoor laundry hook-up. Unit 2 (Townhome Style) consist of 3 bedrooms (all upstairs), 2 bathrooms (1 upstairs, 1 downstairs). Gross Income:$4,897/month (Unit Rent: $4,654 + Storage Rent: $243). This property boasts low maintenance with great upside potential. Each unit has separate gas and electric meters. Situated in a quiet community with convenient access to I-10 and I-210 Freeways, it is located in a highly desirable rental market with strong tenant demand. Close proximity to Downtown Rialto, city hall, police department, restaurants, public library, post office, fire station, markets, schools, and parks. The property is secure with a gated entry and is fully occupied with stable tenants. Don't miss this rare and unique investment opportunity!

Details

Property type

Est. home value

$865,072

Property condition

Updated/Remodeled

Lot size

7,000 sq ft

Price per sq ft

$298

Year built

1900

HOA

No

Price History

08/19/2024
CLAW

CLAW #24425603

Listed
$799,000
+15.8%
02/15/2022
CRMLS

CRMLS #TR22018215

Sold
$690,000
+42.27%
08/24/2020
CRMLS

CRMLS #IG20078360

Sold
$485,000
+106.38%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$247,220
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$487,860
Cash to seller
$247,220

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

New Wave Lending Group Inc

Loan start date

December 2021

Original loan amount

$517,500

Est. remaining balance

$487,860

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Yoonmi Judith Yi and Jinup Son

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/19/2024 at 8:50 AM

Listing updated: 08/27/2024 at 7:08 AM

Listed by: Ki Seon Im, Ivy Realty Co. Phone #: (213) 386-8888

MLS: CLAW #24425603

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