35162 Avenue E Pending Save Request In-Person Tour Request Virtual Tour
Yucaipa,CA 92399
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $287
MLS Listing ID SW24174571
HOA Y/N No
Year Built 2007
Lot Size 0.606 Acres
Acres 0.6061
Property Description
This offering is a rarity.
FOUR SEPARATE HOUSES ONE ONE LOT!!!
The houses are:
Two houses that are 3 bedrooms, 2 baths.
One house that's 2 bedroom, 1 bath
One house that's 1 bedroom, 1 bath.
The 3 bed 2 bath houses have 2 car garages each. The other two units are space parking.
The two 3 bedroom 2 bath houses were built in 2007.
The 2 bedroom 1 bath house, and the 1 bedroom 1 bath house, were totally updated in 1989.
Each unit is separately metered with gas & electric, and tenants sign up for and pay for their own gas & electric bill. Landlord pays water and trash.
This complex really performs! At market rents, it puts out $110,000 annually, a 10.45 Gross Rent Multiplier, an 8.04% Cap Rate, and a stunning double digit 12.93% Cash on Cash Return! You can view the income, expenses, and returns in the Marketing Package attached in Supplements.
Also, in the Marketing Package attached, please see a very similar Sale Comp. We have a nearby sale, 4 units, with similar beds/beds/square footage, at 12690 7th Street in Yucaipa that sold on 10/13/23 for $1,365,000!!!
WE WILL LOOK AT ALL OFFERS AND LETTERS OF INTENT. PLEASE DON'T HESITATE TO SEND OUT EITHER AND WE WILL RESPOND!! YOU CAN SIMPLY EMAIL A LETTER OF INTENT IF YOU'D LIKE AND THAT ONLY TAKES MINUTES! THANK YOU.
Location
State CA
County San Bernardino
Area 269 - Yucaipa/Calimesa/Oak Glen
Rooms
Ensuite Laundry In Garage
Interior
Laundry Location In Garage
Fireplace No
Laundry In Garage
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights,Suburban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 0319093090000
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard
Lease Land No