Log In/Sign Up
Your email has been sent.
50292-50330 Ramona Street - 8-Units 50292 Ramona St 8 Unit Apartment Building $915,000 ($114,375/Unit) 7.08% Cap Rate Cabazon, CA 92230
Investment Highlights
- Strong yield with a current CAP Rate of 6.27% with a Pro Forma CAP Rate of 7.08% achievable through market rent adjustments.
- Seven detached buildings situated on a 0.72-acre lot with approximately 5,750 rentable SF
- Located in Cabazon, CA, benefiting from proximity to I-10, Morongo Casino, and Cabazon Outlets, drawing consistent workforce housing demand
- Current GRM of 9.89 with a Pro Forma GRM of 8.82
- Tenants pay gas and electricity, reducing landlord utility exposure
- Large 0.72-Acre Parcel, offering potential for outdoor improvements or repositioning strategies. Five (5) separate APNs.
Executive Summary
PRICE IMPROVEMENT - 6.27% CURRENT CAP RATE! UNDER $115K PER UNIT!
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.
Large 0.72-Acre Parcel, offering potential for outdoor improvements or repositioning strategies. Five (5) separate APNs. 526-031-16, 526-031-17, 526-031-18, 526-031-19, & 526-031-006.
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.
Large 0.72-Acre Parcel, offering potential for outdoor improvements or repositioning strategies. Five (5) separate APNs. 526-031-16, 526-031-17, 526-031-18, 526-031-19, & 526-031-006.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $915,000 | Apartment Style | Garden |
| Price Per Unit | $114,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.08% | Building Size | 5,750 SF |
| Gross Rent Multiplier | 8.82 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | ||
| Zoning | MIX - Multi-Family | ||
| Price | $915,000 |
| Price Per Unit | $114,375 |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| Gross Rent Multiplier | 8.82 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,750 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1950 |
| Zoning | MIX - Multi-Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $900.00 | 500 - 550 |
| 2+1 | 2 | $1,075 | 500 - 725 |
| 3+1.5 | 1 | $1,280 | 850 |
1 1
Property Taxes
| Parcel Number | 526-031-017 | Total Assessment | $42,607 |
| Land Assessment | $9,465 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $33,142 | Tax Year | 2025 |
Property Taxes
Parcel Number
526-031-017
Land Assessment
$9,465
Improvements Assessment
$33,142
Total Assessment
$42,607
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
50292-50330 Ramona Street - 8-Units | 50292 Ramona St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.