CA > Cabazon > Othr
Cabazon, CA 92230,50292 Ramona
Cabazon, CA 92230,50292 Ramona
Cabazon, CA 92230,50292 Ramona
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$950,000
Est. payment /mo
7,405 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Othr

MLS Listing ID IV25250049

HOA Y/N No

Year Built 1941

Lot Size 7,405 Sqft

Property Sub-Type Apartment

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

Area 263 - Banning/Beaumont/Cherry Valley

Interior

Heating Central

Fireplace No

Laundry None

Exterior

Pool None

Community Features Biking

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Cesspool, Septic Type Unknown

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 526031017

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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CRMLS – RECore
Listed by WAYNE KRENTEL LE INVESTMENT GROUP 951-500-8585

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