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789 S State St
San Jacinto, CA 92583
LOW PRICE PER UNIT AT ONLY $80,000/UNIT · Multifamily Property For Sale
·
20 Units
Property Facts
| No. Units | 20 | Lot Size | 1.50 AC |
| Property Type | Multifamily | Building Size | 11,750 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1966/2018 |
| Zoning | M1 | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 11,750 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1966/2018 |
| Zoning | M1 |
About 789 S STATE ST , SAN JACINTO, CA 92583
We are pleased to exclusively present a 20-unit, single-story multi-family investment opportunity in San Jacinto, California. Sitting on a expansive 1.5 acre lot, the property is neatly positioned in two rows with a lush, shared common courtyard. The privacy and layout provided by individual cottage units have attracted and maintained longer-term tenants, with some tenants occupying the units for more than 10 years. The property benefits from both its close proximity to the Ramona Expressway State Route 79 as well as nearby access to national retailers such as Wal Mart Supercenter, Family Dollar, and Chase Bank to name a few. With no comparable apartment building in this immediate location, there is a strong demand and a lack of supply of apartments in the immediate area. A future owner has the ability to own a unique, true value-add opportunity that can achieve significant upside within a relatively short period of time. The investment appeal of this asset is driven by the property’s current value-add component through upgrade of the units and leveling rents to market.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 800 |
| Studios | 17 | - | 550 |
Property Taxes
| Parcel Number | 435-220-007 | Improvements Assessment | $1,017,087 |
| Land Assessment | $535,884 | Total Assessment | $1,552,971 |
Property Taxes
