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Key Details
Sold Price $4,300,000
Property Type Commercial
Sub Type Other/Remarks
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240001701
Sold Date 07/15/24
Property Description
In the heart of old town Ramona, 23 one bedroom units AND an office building. Two parking lots, most units are built as cottages with a front door, back door and no one on top of below. Some units are completely renovated some are partially renovated. No vacancies, no delinquencies. Current monthly rents are $34,000. Last 4 units rented for $1750 each. Self managed and tenants deposit rent every month. In the last 6 years, a new unit with permits has been built, several new roofs and foundations, several major improvements. 4 parcels are 281-281-14-00, 281-281-15-00, 281-281-16-00, 281-281-17-00 See attached flyer for more information. This property has a great cash flow and cap rate, and owner will only sell if terms are favorable.
Location
State CA
County San Diego
Area Ramona (92065)
Interior
Heating Baseboard, Other/Remarks, Wall
Cooling Other, Wall/Window
Flooring Vinyl
Laundry Leased
Exterior
Exterior Feature Metal Fence
Garage Spaces
Roof Type Composition
Building
Story 1
Others
Acceptable Financing Exchange Up
Space Rent $411,660
Listing Terms Exchange Up
Financing Exchange Up
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Bought with Kamran Banayan
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "