235 E 7th Street, San Jacinto, CA 92583

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Glen Henderson

[email protected] +1(619) 889-7646

$700,000

Est. payment - /mo

2 Beds

1 Bath

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW25141908

Bedrooms 2

Property Sub-Type Res Income 2-4 Units

Property Description

This 4Plex is located in the City of San Jacinto. The City of San Jacinto is located in the San Jacinto Valley which also includes the City of Hemet. The trade area of the San Jacinto Valley is approximately 200,000 people. This 4Plex is located in an excellent location. It's on 7th street which will take you directly out of town to wherever else your going to within the Inland Empire or Southern California. The immediate location is extremely convenient and within walking distance of Walmart, Stater Bros, and Walgreens. Bus service is right out front on 7th Street. This 4Plex consists of four 2 bedrooms 1 baths. There are tile floors and ceiling fans throughout. There is a laundry room on the property that is currently being used as an maintenance room. The laundry room has hook ups for 2 washers and 2 dryers. There is also carport parking. These units are really, really, nice inside. Recent upgrading and remodeling throughout. Just check out the pictures!!! While tenants actual rents are low, they are month to month and can be raised to market rent through the Just Cause Rule. Tenants are aware the property is for sale and that their rents will be going up to market. One can see market rents AT RENT COMPS in SUPPLEMENTS ATTACHED. The rent comp is a half block away. Please note market rents, per rent comp, are $1,800 monthly!! The returns at market rents are robust! At market rents, it's putting out $86,400 annual gross income, an 8.10 GRM, a 10.64% Cap Rate, and an awesome 26.17% Cash on Cash Return. For income, expenses, and returns, PLEASE SEE SUPPLEMENTS ATTACHED. This

Location

State CA

County Riverside

Zoning Estimated

Direction Florida to State to 7th

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 437081025

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Listed by Tony Burton Burton Commercial, Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

235 E 7th Street San Jacinto, CA 92583

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information