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Key Details
Sold Price $985,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,420 sqft
Price per Sqft $181
MLS Listing ID EV21109292
Sold Date 12/01/21
HOA Y/N No
Year Built 1987
Lot Size 1.938 Acres
Acres 1.938
Property Description
Generational opportunity to acquire a unique property, with value add potential in a historically high demand rental market. Project consists of 4 existing units (100% Occ.) on 1.938 acres with an approved CUP (55+) to build another 28 units. OR you can add 12 more (non age restricted) units. Full value upon completion is between $5.5M - $6M depending upon rental market at time of completion. Permits, soils test, and grading plans are already paid for. Great 1031 exchange project to carry out through completion. Inquire for marketing package and plans.
Location
State CA
County San Bernardino
Area 269 - Yucaipa/Calimesa
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Suburban
Parking Type Assigned
Total Parking Spaces 4
Private Pool No
Building
Lot Description 21-25 Units/Acre
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 0318163440000
Acceptable Financing Cash, Conventional, 1031 Exchange, Owner Will Carry, Owner May Carry, Trade
Listing Terms Cash, Conventional, 1031 Exchange, Owner Will Carry, Owner May Carry, Trade
Financing Conventional
Special Listing Condition Standard
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Bought with VU HA • ASIAMERICA REAL ESTATE CO.
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960