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    12626 6th Street

    Yucaipa, CA 92399
    • $1,300,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: EV20180539
    UPDATED: 71 min ago
    $1,300,000
    • 0
      BEDS
    • 1.94
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,420
      SQFT
    • $240
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    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. 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. Also listed in residential income, see MLS # EV20180601.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T23:31:00.64. 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 Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/109580458
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    12626 6th Street Yucaipa, CA 92399

    • Price: $1,300,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: EV20180539
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.94
    Acres
    5,420
    SQFT
    $240
    $/SQFT
    1977
    Built
    Neighborhood:
    269 - Yucaipa/Calimesa
    County:
    San Bernardino
    Area:
    269 - Yucaipa/Calimesa
    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. 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. Also listed in residential income, see MLS # EV20180601.
    Exterior Features

    Garage Spaces 4.00 Lot Features 21-25 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 4600.00 Gross Operating Income 52440.00 Gross Scheduled Income 55200.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 24820.00 New Construction YN No New Taxes Expense 15860.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 27620.00 Rent Control YN Yes Senior Community YN Yes Sewer Sewer Paid Special Listing Conditions Standard Tenant Pays NoneCable TvElectricity Total Actual Rent 4600.00 Total Expenses 19950.00 Trash Expense 1800.00 Vacancy Allowance 2760 Vacancy Allowance Rate 5.00 Water Sewer Expense 2400.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Nathan Diones of Regioncy Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T23:31:00.64. 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 Keller Williams Realty. Licensed in the State of California, USA.

     
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