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Listed by WAYNE KRENTEL • LE INVESTMENT GROUP
$ 950,000
Est. payment | /mo
5,750 SqFt
$ 950,000
Est. payment | /mo
5,750 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,750 sqft
Price per Sqft $165
MLS Listing ID CRIV25250049
HOA Y/N No
Year Built 1941
Lot Size 7,405 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
7-Units + Single family home on separate APN. The property consists of a total of Five (5) separate APNs. 526-031-16, 526-031-17, 526-031-18, 526-031-19, & 526-031-006. Highlights: Strong yield with a current CAP Rate of 6.00% with a Pro Forma CAP Rate of 6.77% achievable through market rent adjustments / Current GRM of 10.27 with a Pro Forma GRM of 9.15. Community located at 50292–50330 Ramona Street, a well-located eight-unit multifamily property in Cabazon, California. Built in 1950, this single-story asset consists of seven detached buildings situated on a generous 0.72-acre lot, offering approximately 5,750 square feet of rentable living area. The unit mix features a variety of layouts well-suited for tenants seeking affordability and privacy, including five (5) one-bedroom one-bath units, one (1) two-bedroom one bath unit, one (1) two-bedroom one-bath single-family residence, and one (1) three-bedroom one-and-a-half-bath single-family residence. Most units are detached, providing residents with a more residential feel and reduced density compared to typical multifamily properties. Each unit is separately metered for gas and electricity, minimizing owner-paid utilities.
Location
State CA
County Riverside
Interior
Heating Other
Fireplace No
Laundry No Hookups
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Glen Riggs
REALTOR® | Lic# CA DRE 02161397