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 In Escrow
| 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
Not walkable
10/100
Exceptionally drivable
100/100
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.