511 14th St | Ramona, CA 92065
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- LoopNet Team
511 14th St
Ramona, CA 92065
Terre at the Ranch · Multifamily Property For Sale
·
70 Units
INVESTMENT HIGHLIGHTS
- DESIRABLE UNIT MIX comprised of spacious two-bedroom floorplans.
- TRUE VALUE-ADD OPPORTUNITY: significant rental lift can be captured by enhancing unit interiors and amenity areas to capture an additional $361/unit.
- RARITY OF THE OFFERING; over 10 years since an asset greater than 50 units has transacted with very limited inventory.
- CAPITAL IMPROVEMENTS: Current ownership has implemented capital improvements in enhancing common area spaces and in-unit renovations.
- RENTERS ARE MIGRATING TO MARKETS LIKE RAMONA, with larger and more affordable units while still having immediate access to major job nodes.
- CONVENIENTLY LOCATED just 2-blocks from Main Street, Ramona’s major thoroughfare.
PROPERTY FACTS
| No. Units | 70 | Building Size | 67,270 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1987 |
| Building Class | C | Parking Ratio | 1.99/1,000 SF |
| Lot Size | 4.78 AC | ||
| Zoning | RV | ||
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.78 AC |
| Building Size | 67,270 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | RV |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Carpet
- Yard
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Tennis Court
- Basketball Court
- Grill
- Laundry Service
- Pet Play Area
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 70 | - | 961 |
PROPERTY TAXES
| Parcel Number | 282-262-76 | Improvements Assessment | $9,252,524 |
| Land Assessment | $6,367,248 | Total Assessment | $15,619,772 |
PROPERTY TAXES
Parcel Number
282-262-76
Land Assessment
$6,367,248
Improvements Assessment
$9,252,524
Total Assessment
$15,619,772
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