308 N Millard Unit 6, Rialto, CA 92376

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Sold Price
$1,000,000
List Price
$1,650,000
Closing Date
Jun 30, 2026
Status
CLOSED
MLS#
IV26031683
Year Built
1982
Lot Size
12,460
Acres
0.29
Lot Location
0-1 Unit/Acre
Days on Market
26
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Multi Level

Property Description

Investor opportunity! Well-maintained 6-unit income property featuring a desirable unit mix of one duplex with private enclosed yards and one fourplex designed for strong rental appeal and long-term cash flow. All six units offer 2 bedrooms, 1 bathroom, tile flooring, wood cabinetry, and individual 1-car garages — a highly sought-after setup for tenants. The bottom units feature spacious enclosed private yards, while the upstairs units include private balconies, creating attractive outdoor living spaces that help maximize tenant retention. The property also includes an on-site community laundry facility for additional tenant convenience and potential ancillary income.  The property is gated for added privacy and security. Currently generating over $12,000 per month in gross rental income, this property offers investors immediate cash flow with separate gas and electric utilities for each unit, helping reduce owner expenses and simplify property management. The property also features low-maintenance landscaping and a functional layout designed for ease of ownership. The gated perimeter adds privacy and security, while the ample concrete driveway and garage configuration provide excellent parking accommodations. Centrally located with convenient access to schools, shopping, public transportation, and major commuter routes between the 10 and 210 freeways, this property sits in a high-demand rental corridor ideal for both seasoned and first-time investors. Additional highlights include: Strong unit mix with all 2 bed / 1 bath units Separate gas and electric utilities Individual 1-car garages for every unit Private yards and balconies On-site laundry facility Attractive gated curb appeal Low-maintenance exterior and landscaping Excellent commuter location Consistent rental demand area Potential upside in future rents Pride-of-ownership style property A rare opportunity to acquire a stabilized multi-unit asset with strong income, practical layouts, and long-term investment potential.

Additional Information

Pool Description
None
Garage Spaces Total
6
Sewer
Unknown
Water
Public
Attached Structure
Attached
Number Of Units Total
6
Gross Scheduled Income
$145,200
Operating Expense
32234

Listing courtesy of Listing Agent: KAREN URRUTIA (LH.realtyassoc@gmail.com) from Listing Office: LIGHTHOUSE REALTY ASSOC INC.

Listing sold by KAREN URRUTIA from LIGHTHOUSE REALTY ASSOC INC

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.