$ 2,980,000
-
$2,980,000
Price -
14
Bed -
14
Bath -
6,424
SqFt
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About the Listing OC14742 - SMORRJOE
Unique offering of a 14 unit turn key asset with long-term tenants and a current cap rate of 7.25%! No deferred maintenance! (80%) of tenants pay by direct deposit and balance of tenants pay via dropbox in laundry room. Balance of rents are picked up when emptying building owned Speed Queen washers & Dryers. *($293,160 income with a 7.25% cap rate on a no deferred maintenance 14 Plex)* and, within the last 4 to 6 years: *** building re-piped in PEX including new Moen fixtures, new tubs, new showers, toilets, water heater, circulating pump, shut offs, and hose bibs. *** PELLA dual glazed windows installed throughout *** exterior entry doors and weatherstripping, jambs and hardware *** raised panel interior doors with new farm style casing, baseboards casings and trim *** new closet, interiors, high low shelving, and mirror doors *** retractable, and openable window blinds *** solid wood kitchen cabinets with full extension drawer glides/pantries/remodel *** over the range microwave, dishwashers, gas oven/cooktop new installation *** all deck areas continuously maintained, and recently re-coated *** electrical panels upgraded, child proof Decora plugs, new GFI‘s, new smoke detectors, CO2 protectors with installation of LED lighting *** outside lighting, including new sconces, new parking lot, lighting, and LED lighting on light sensor *** all roof area, continuously maintained and recently recoated in an Elastimeric product *** painting of exterior building, handrails, and wrought fencing/gates *** parking area recently slurry coated, and re-striped. Required handicap parking in place. *** avocado, and citrus trees are available for tenants enjoyment The lot that this 14 Plex is on is 10,454 ft.² with a 6424 square-foot dwelling built in 1981. Also available is adjacent 11,326 ft.² lot, MLS OC26103800 with an 8 x 16 storage container on site. Combined these lots total 1/2 acre and per Edgar, at the Jurupa Valley building department, these lots combined could allow for eight additional dwelling units, (8-ADU’s). Do your own due diligence on how to develop this property further.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
OC26103800
Year Built
1981
Total Square Footage
6,424
Lot/Acreage
0.24
County
Riverside
Area
251 - Jurupa Valley
Interior Details
- Bedrooms: 14
- Bathrooms: 14 Full
- Appliances: Dishwasher, Free-Standing Range, Gas Oven, Gas Range, Gas Water Heater
- Air Cond: Central Air,Wall/Window Unit(s)
- Heating: Central,Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Block Walls
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 16
- Roof: Reflective,Synthetic
- Others: Updated/Remodeled,Turnkey,Stucco,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Asphalt,On Site,Private,One Space,Unassigned
Financial Details
- Tax Amount: $30,000
- Taxes w/Assessments: N/A
- Tax/Property ID: 181043011
- Tax Year: N/A
Payment Calculator
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Questions About..
5746 Tilton Jurupa Valley, CA 92509
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