$650,000
$679,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 04/21/2024
Key Details
Sold Price $650,000
Property Type Condo
Sub Type Apartment,Other/Remarks
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240000090
Sold Date 04/21/24
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Welcome to a remarkable mixed-use property in the heart of San Jacinto, offering a spacious 3,255 square feet of building space on a generous 9,375 square foot lot. 4 residential units and 1 store front/office Currently fully occupied, the property generates a solid gross rental income of $82,800 per year, making it a great cash cow for savvy investors. The building underwent a complete transformation in 2021, being gutted and remodeled to modern standards, ensuring a fresh and attractive space for both residents and businesses alike. With a total of five restrooms, this property is thoughtfully designed for convenience and functionality. Whether you're envisioning a residential haven or a bustling business hub, this property is well-equipped to meet your needs. Zoned for Downtown Residential, the possibilities are endless, spanning from health services to a cozy neighborhood cafe. The prime location on a main thoroughfare ensures excellent visibility and accessibility, making it an ideal choice for a thriving business. Opportunities like this are a rarity in San Jacinto, and this property stands out as a unique gem. Take advantage of this opportunity to own a fully occupied, income-generating property with a proven track record. The seller's decision to purchase a larger building opens the door for you to step into a ready-to-perform investment. This gem is shown by appointment only with an accepted offer
Location
State CA
County Riverside
Area Riv Cty-San Jacinto (92583)
Zoning DR
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Tile, Vinyl
Laundry Owned
Exterior
Exterior Feature Metal Fence, No Landscaping, RV Parking, Shutters, Wood Fence
Parking Features Spaces
Roof Type Composition
Building
Story 1
Others
Acceptable Financing Cash, Cash to New Loan, Owner May Carry 2nd
Space Rent $82,800
Listing Terms Cash, Cash to New Loan, Owner May Carry 2nd
Financing Cash to Existing Loan
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Bought with Joe Corbisiero • Compass
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Partner | Lic# 1980609