Homes for sale - 50292 Ramona, Cabazon, CA 92230

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JLee Broker

[email protected] +1(650) 857-1000

Listed by WAYNE KRENTEL • LE INVESTMENT GROUP

$915,000

Est. payment - /mo

7,405 Sqft Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRIV25250049

Year Built 1941

Lot Size 7,405 Sqft

Source California Regional MLS

Property Description

RECENT PRICE IMPROVEMENT - 6.27% CAP RATE 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 6.27% with a Pro Forma CAP Rate of 7.08% 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

Area 263 - Banning/Beaumont/Cherry Valley

Interior

Heating Central Forced Air

Laundry None

Exterior

Pool None

Building

Story One Story

Sewer Cesspool

Water District - Public

Others

Tax ID 526031017

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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50292 Ramona Cabazon, CA 92230

JLee Broker

Key Details

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