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918 Main St

Ramona, CA 92065
  • $4,500,000
  • STATUS: Active
  • ON SITE: 74 Days
  • ID#: 210031174
UPDATED: 42 min ago
$4,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Cheryl Horn of Cheryl Horn, Broker (858-692-4249)


Description

four separate parcels 281-281-14-00, 281-281-15-00, 281-281-17-00 281-281-16-00 Under $200,000 a door! Current cap rate is 5.1% and can go much higher with new rents. 22 one bedroom apartments, most in cottage like setting around communal garden. Plus one office building. Lots of parking including a easement for the lot next door. All units rented. Each unit is metered separately for SDGE. Do not disturb tenants. Unit was sold prior to listing, but is now back on the market due. Please see updated financial documents attached to show 45% down payment required by current buyer's bank. Owner has never lived in the property. Buyer to verify all measurements Owner is a real estate broker.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-26T18:28:25.68. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Ivan and Maria | Real Estate One. Licensed in the State of California, USA.
www.ivanandmaria.com/homes/123238838
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918 Main St Ramona, CA 92065

  • Price: $4,500,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 42 min ago
  • ID#: 210031174
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
92065 - Ramona
County:
San Diego
Area:
92065 - Ramona
Property Description
four separate parcels 281-281-14-00, 281-281-15-00, 281-281-17-00 281-281-16-00 Under $200,000 a door! Current cap rate is 5.1% and can go much higher with new rents. 22 one bedroom apartments, most in cottage like setting around communal garden. Plus one office building. Lots of parking including a easement for the lot next door. All units rented. Each unit is metered separately for SDGE. Do not disturb tenants. Unit was sold prior to listing, but is now back on the market due. Please see updated financial documents attached to show 45% down payment required by current buyer's bank. Owner has never lived in the property. Buyer to verify all measurements Owner is a real estate broker.
Exterior Features

Parking Total 20

Property Features

Association Fee 0 Cap Rate 5.1 Gross Scheduled Income 314460 Listing Agreement Seller Reserved Operating Expense 82353 Property Sub Type Mixed Use



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-26T18:28:25.68. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Ivan and Maria | Real Estate One. Licensed in the State of California, USA.
 
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Ivan and Maria | Real Estate One
3400 Central Ave Suite 325
Riverside CA, 92506
Listing Agent(s): Cheryl Horn of Cheryl Horn, Broker (858-692-4249)