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Idyllwild Investment Opportunity 3 Multifamily Properties Offered at $2,399,000 in Idyllwild-Pine Cove, CA
INVESTMENT HIGHLIGHTS
- Multiple Parcels
- Residential Growth
- Income Property
EXECUTIVE SUMMARY
Exceptional investment opportunity in the heart of Idyllwild—this unique offering consists of four parcels totaling over 1.5 acres, featuring 14 fully occupied rental units that range from efficient studios up to spacious four-bedroom homes. The rear of the property borders the tranquil creek, providing select units with peaceful water views and a serene natural backdrop. Tenants pay their own utilities, and there is ample parking for residents and guests alike. The property is on town sewer and ideally located within walking distance to all local amenities, while generous open space offers potential for additional units. With a consistent occupancy history and strong income stream, this in-town, creekside property is a proven money maker and a rare chance to own a high-performing rental portfolio in one of Idyllwild’s most desirable locations. cap rate of 7.19, Additional lot is included as well
PROPERTY FACTS
| Price | $2,399,000 | Status | Active |
| Price / SF | $323.53 / SF | Number of Properties | 3 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 7.19% | Total Building Size | 7,415 SF |
| Sale Type | Investment | Total Land Area | 1.45 AC |
| Price | $2,399,000 |
| Price / SF | $323.53 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 7.19% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 7,415 SF |
| Total Land Area | 1.45 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Manzanita Apartments
54100 Pine Crest Ave, Idyllwild-Pine Cove, CA 92549 |
Multifamily | 4,200 SF | 1955 | - |
| 54090 Pine Crest Ave, Idyllwild-Pine Cove, CA 92549 | Multifamily | 1,965 SF | 1981 | - |
| 54120 Pine Crest ave, Idyllwild-Pine Cove, CA 92549 | Multifamily | 1,250 SF | 1936 | - |
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Idyllwild Investment Opportunity
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