50292 Ramona St - Multi-Family FOR SALE


Cabazon, CA 92230
$950,000 USD
714-423-3819
50292 Ramona St, Cabazon, CA for Sale
$950,000 USD
Multi-Family - FOR SALE
1/12
null | 6.77% Cap Rate

50292 Ramona St
Cabazon, CA 92230


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
  • Seven detached buildings situated on a 0.72-acre lot with approximately 5,750 rentable SF
  • Tenants pay gas and electricity, reducing landlord utility exposure
  • Located in Cabazon, CA, benefiting from proximity to I-10, Morongo Casino, and Cabazon Outlets, drawing consistent workforce housing demand
  • Large 0.72-Acre Parcel, offering potential for outdoor improvements or repositioning strategies. Five (5) separate APNs.

OVERVIEW

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. Large 0.72-Acre Parcel, offering potential for outdoor improvements or repositioning strategies. Five (5) separate APNs. 526-031-16, 526-031-17, 526-031-18, 526-031-19, & 526-031-006.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$165 USD /SF

# OF UNITS

8

PRICE/UNIT

$118,750

CAP RATE

6.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

50292-50330 Ramona Street - 8-Units

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

526-031-017

ASK ABOUT THIS PROPERTY

Anthony LeLe Investment GroupMore Info
714-423-3819

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Anthony LeLe Investment GroupMore Info
714-423-3819

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.