Yucaipa, CA 92399,35162 Avenue E
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Yucaipa, CA 92399,35162 Avenue E
Yucaipa, CA 92399,35162 Avenue E
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35162 Avenue E Yucaipa, CA 92399

4,000 SqFt


UPDATED:

10/14/2024 04:05 PM

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


California Regional MLS (CRMLS)
Listed by Tony Burton • Burton Commercial, Inc. • 951-375-7433

Chris Leeper

Agent | ipnr01881634

+1(951) 741-5311

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35162 Avenue E