715 B St.

    Ramona, CA 92065
    • $3,199,000
    • STATUS: Active
    • ON SITE: 105 days
    • ID#: 200007252
    UPDATED: 47 min ago
    $3,199,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    DRAMATIC PRICE REDUCTION! Neighbor at 733 B St. is also for sale by same family. Seller has put almost $300k into massive rehab over past year including new fixtures, lighting, flooring, paint and water heaters. All units have washer/dryer hook-ups which generate extra rent. Each unit has individual water heaters. Tenants pay to heat their own water. New energy efficient appliances save tenants money. All units have private balconies and/or large private yards. Adding garage doors to carports could boost income even further. Maxable, adu consultants, think six units could be added because of density bonus law. Seller paid salaries to four staff to service four Ramona assets. New buyer does not need a resident manager, but might pay for a porter. Sewer, fire protection & other are collected via property tax billing. Lenders may require for first year reserves of 12 month principal and interest payment(buyer posts that extra money for first year and then gets remainder back after first year).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-28T09:25:32.69. 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 Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

    www.sdluxe.com/homes/103195235

    715 B St. Ramona, CA 92065

    • Price: $3,199,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: 200007252
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    County:
    San Diego
    Property Description
    DRAMATIC PRICE REDUCTION! Neighbor at 733 B St. is also for sale by same family. Seller has put almost $300k into massive rehab over past year including new fixtures, lighting, flooring, paint and water heaters. All units have washer/dryer hook-ups which generate extra rent. Each unit has individual water heaters. Tenants pay to heat their own water. New energy efficient appliances save tenants money. All units have private balconies and/or large private yards. Adding garage doors to carports could boost income even further. Maxable, adu consultants, think six units could be added because of density bonus law. Seller paid salaries to four staff to service four Ramona assets. New buyer does not need a resident manager, but might pay for a porter. Sewer, fire protection & other are collected via property tax billing. Lenders may require for first year reserves of 12 month principal and interest payment(buyer posts that extra money for first year and then gets remainder back after first year).
    Exterior Features

    Carport Spaces 20.00 Construction Materials FrameStucco Lot Size Units Square Feet Parking Total 20.00 Roof Composition

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 5.00 Country Us Gross Scheduled Income 278832.00 Insurance Expense 3888.00 Maintenance Expense 12845.00 Net Operating Income 158960.00 Operating Expense 105930.00 Other Expense 18613.00 Other Income1 136.00 Property Sub Type Commercial/Residential Total Expenses 105930.00 Total Monthly Rent 23100 Trash Expense 2900.00 Water Sewer Expense 22173.00

    Listing provided courtesy of Terry Moore of Apartment Consultants, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-28T09:25:32.69. 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 Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

     
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