Listing provided courtesy of Terry Moore of Apartment Consultants, Inc.. Last updated 2020-07-29 09:20:36.000000. Listing information © 2020 SANDICOR, Inc.
Asking Price: $3,699,000
1528 Montecito Rd., Ramona CA 92065
Community: North County Inland
This Com-Res Income property was built in and is priced at $3,699,000. Please see the additional details below.
- 0 Sq Ft
- 2 bathrooms
- 2 bedrooms
- MLS#: 200007234
- Type: Com-Res Income
- Year Built:
DRAMATIC PRICE REDUCTION! Property across the street is also available by same owners. Many investors would buy both buildings and use one manager for both assets. Landings and fascia have been upgraded. Installing new windows and upgrading kitchen or bath might boost rents $100/month. Patio fences were replaced. Private balconies and private fenced yards are appreciated by tenants. Gated access for vehicles and people provide tenants extra peace of mind. The parking lot is in a flood zone, but the buildings are not. Terry Moore, real estate licensee, is part owner of this asset. Sellers have upgraded many units on turnover. Future repairs and maintenance costs may be less than history. Sewer, fire protection & other are collected via property tax billing. Lenders may require for first year reserves of 12 month principal and interest payment. (Buyer posts that extra money for first year and then gets remainder back after first year.)