Property Detail
Description
7-Units + Single family home on separate APN. The property consists of a total of Five (5) separate APNs. 526-031-16, 526-031-17, 526-031-18, 526-031-19, & 526-031-006. Highlights: Strong yield with a current CAP Rate of 6.00% with a Pro Forma CAP Rate of 6.77% achievable through market rent adjustments / Current GRM of 10.27 with a Pro Forma GRM of 9.15. Community located at 50292–50330 Ramona Street, a well-located eight-unit multifamily property in Cabazon, California. Built in 1950, this single-story asset consists of seven detached buildings situated on a generous 0.72-acre lot, offering approximately 5,750 square feet of rentable living area. The unit mix features a variety of layouts well-suited for tenants seeking affordability and privacy, including five (5) one-bedroom one-bath units, one (1) two-bedroom one bath unit, one (1) two-bedroom one-bath single-family residence, and one (1) three-bedroom one-and-a-half-bath single-family residence. Most units are detached, providing residents with a more residential feel and reduced density compared to typical multifamily properties. Each unit is separately metered for gas and electricity, minimizing owner-paid utilities.
Map Location
Listing provided courtesy of WAYNE KRENTEL of LE INVESTMENT GROUP. Last updated 2025-11-16 09:11:41.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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