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26305 Delano Dr 4 Unit Apartment Building $949,900 ($237,475/Unit) 4.40% Cap Rate Idyllwild-Pine Cove, CA 92549



EXECUTIVE SUMMARY
Endless investment potential awaits in the heart of Idyllwild with this rare 4-plex opportunity. Featuring four individual Modified A-Frame Cabins each 2-bedroom, 1-bath -all connected to sewer-this property is perfectly situated just steps from scenic trails leading to the Nature Center and peaceful walks along Strawberry Creek. Each cabin boasts vaulted ceilings, large picture windows that fill the space with natural light, private laundry hookups, and ample parking for residents and guests. Flexible living and rental options make this property truly versatile: live in one cabin and rent out the others, maximize income with long-term tenants, or explore lucrative short-term rental possibilities. 3 units are currently on month-to-month leases with one rented still on lease. , Current rents well below market value, offering immediate upside for savvy investors. Whether you're looking for a multi-generational retreat, a steady investment, or a blend of personal use and rental income, this unique mountain property delivers unmatched versatility in a highly sought-after Idyllwild location. Don't miss your chance to own a property with endless possibilities!
PROPERTY FACTS
| Price | $949,900 | Apartment Style | Single-Family Home |
| Price Per Unit | $237,475 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.67 AC |
| Cap Rate | 4.40% | Building Size | 3,200 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2024 |
| Property Subtype | Apartment | Parking Ratio | 6.25/1,000 SF |
| Zoning | R3A, Riverside Cnty | ||
| Price | $949,900 |
| Price Per Unit | $237,475 |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 3,200 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2024 |
| Parking Ratio | 6.25/1,000 SF |
| Zoning | R3A, Riverside Cnty |
AMENITIES
UNIT AMENITIES
- Fireplace
- Washer/Dryer Hookup
- Heating
- Kitchen
- Vaulted Ceiling
- Loft Layout
- Patio
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 800 |
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PROPERTY TAXES
| Parcel Number | 561-050-006 | Improvements Assessment | $171,670 |
| Land Assessment | $60,660 | Total Assessment | $232,330 |
PROPERTY TAXES
Parcel Number
561-050-006
Land Assessment
$60,660
Improvements Assessment
$171,670
Total Assessment
$232,330
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26305 Delano Dr
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