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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

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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
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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
561-050-006
Land Assessment
$60,660
Improvements Assessment
$171,670
Total Assessment
$232,330
  • Listing ID: 36252782

  • Date on Market: 6/13/2025

  • Last Updated:

  • Address: 26305 Delano Dr, Idyllwild-Pine Cove, CA 92549

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