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$ 950,000
Est. payment | /mo
8 Beds
7,405 Sqft Lot
$ 950,000
Est. payment | /mo
8 Beds
7,405 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25250049
Bedrooms 8
Lot Size 7,405 Sqft
Property Sub-Type Res Income 2-4 Units
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 5029250330 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
Zoning Assessor
Direction SOuth of 10 Freeway
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 526031017
Listed by WAYNE KRENTEL LE INVESTMENT GROUP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "