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$1,780,000
Est. payment /mo
8 Beds
8 Baths
0.42 Acres Lot
Open House
Thu Jun 04, 11:00am - 1:00pm
Fri Jun 05, 11:00am - 1:00pm
Sat Jun 06, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26103806
Bedrooms 8
Lot Size 0.420 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Attention agents Look forward to showing this spacious, nearly 1/2 an acre, (8) unit garden style apartment building. Two parking spaces in front of a single-story unit with a large rear yard area. Long-term tenants with a 7 1/4% cap return and additional upside. Most of tenants pay by direct deposit balance pays to dropbox in laundry room. These rents can be picked up when emptying building owned speed Queen Laundry machines. **($157,860 income yielding a 7.25% cap return on no deferred maintenance asset)** Within the last 4 to 6 years building has been ***re-piped in PEX including new Moen fixtures, new tubs, new showers, toilets, water, heaters, shut offs, and hose bibs. ***PELLA dual glazed windows installed throughout*** Metal exterior entry doors and weatherstripping, jambs and hardware. *** raised panel interior doors with new farm style casing, baseboards, and trim. ***new closet, interiors with high low shelving and sliding mirror doors *** openable, and retractable window, blind coverings *** lockable mailboxes recently added. *** solid wood kitchen cabinets with full extension drawer glides/pantries/remodels. *** over the range microwave, dishwashers gas oven/cooktop. *** new rear metal doors with openable window or blinds that opens to recently slurry coated patio area and new wood fencing. *** electrical sub-panels upgraded, new childproof Decora plugs, GFIs and LED fixtures. ***Exterior of building, porches, handrails, and wrought iron fencing recently painted. Entire parking lot area was recently slurry coated, and re-striped. Avocado and citrus trees are the
Location
State CA
County Riverside
Community Horse Trails
Zoning Assessor
Direction 60 freeway to off at Rubadue Blvd., West two building on right hand side
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 179093020
Acceptable Financing Seller May Carry
Listing Terms Seller May Carry
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Listed by Joe Morrison, DRE#01434414 West Shores Realty, Inc.
Nearby School & Business
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