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    34645 Avenue H

    Yucaipa, CA 92399
    • $1,200,000
    • STATUS: ACTIVE
    • ON SITE: 118 days
    • ID#: 302875414
    UPDATED: 67 min ago
    $1,200,000
    • 1
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    Offering an Actual CAP Rate of 4.44%, ProForma CAP Rate of 4.82%. Offering an Acutal GRM of 15.02 with a ProForma GRM of 13.9. Over $45,000 invested in capital improvements to 5 units. New paint, flooring, water heaters, and wall A/C units. Yucaipa is known to be located in the top 50 safest cities in California. Tenants are awarded with washer & dryer hookups and garage parking. Close proximity to the 10 Fwy, Calimesa Elementary, and Green Valley High School. The Avenue H Apartments are located at the ma Offering an Actual CAP Rate of 4.44%, ProForma CAP Rate of 4.82%. Offering an Acutal GRM of 15.02 with a ProForma GRM of 13.9. Over $45,000 invested in capital improvements to 5 units. New paint, flooring, water heaters, and wall A/C units. Yucaipa is known to be located in the top 50 safest cities in California. Tenants are awarded with washer & dryer hookups and garage parking. Close proximity to the 10 Fwy, Calimesa Elementary, and Green Valley High School. The Avenue H Apartments are located at the major cross streets of Avenue H and Third Street. This six unit apartment community is composed of all 1 bedroom 1 bath units, each of which are approximately 601 sq. ft.. The tenants are awarded with washer & dryer hookups, A/C, and garage parking. Yucaipa is a well-established community in the Southern San Bernardino County and is well known for one of the lowest crime rates. Yucaipa is considered to be in the top 50 safest cites in California. The owner has invested over $45,000 in capital improvements renovating 5 of the 6 units to include new flooring, paint, screens, water heaters, and A/C units. Each unit is individually metered for electric and gas. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.lajollaagent.com/homes/110377203
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    34645 Avenue H Yucaipa, CA 92399

    • Price: $1,200,000
    • Status: ACTIVE
    • Updated: 67 min ago
    • ID#: 302875414
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    1954
    Built
    Neighborhood:
    Riv Cty-Yucaipa (92399)
    County:
    San Bernardino
    Area:
    Riv Cty-Yucaipa (92399)
    Property Description
    Offering an Actual CAP Rate of 4.44%, ProForma CAP Rate of 4.82%. Offering an Acutal GRM of 15.02 with a ProForma GRM of 13.9. Over $45,000 invested in capital improvements to 5 units. New paint, flooring, water heaters, and wall A/C units. Yucaipa is known to be located in the top 50 safest cities in California. Tenants are awarded with washer & dryer hookups and garage parking. Close proximity to the 10 Fwy, Calimesa Elementary, and Green Valley High School. The Avenue H Apartments are located at the ma Offering an Actual CAP Rate of 4.44%, ProForma CAP Rate of 4.82%. Offering an Acutal GRM of 15.02 with a ProForma GRM of 13.9. Over $45,000 invested in capital improvements to 5 units. New paint, flooring, water heaters, and wall A/C units. Yucaipa is known to be located in the top 50 safest cities in California. Tenants are awarded with washer & dryer hookups and garage parking. Close proximity to the 10 Fwy, Calimesa Elementary, and Green Valley High School. The Avenue H Apartments are located at the major cross streets of Avenue H and Third Street. This six unit apartment community is composed of all 1 bedroom 1 bath units, each of which are approximately 601 sq. ft.. The tenants are awarded with washer & dryer hookups, A/C, and garage parking. Yucaipa is a well-established community in the Southern San Bernardino County and is well known for one of the lowest crime rates. Yucaipa is considered to be in the top 50 safest cites in California. The owner has invested over $45,000 in capital improvements renovating 5 of the 6 units to include new flooring, paint, screens, water heaters, and A/C units. Each unit is individually metered for electric and gas. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.
    Exterior Features

    Pool N/K

    Interior Features

    Cooling Wall/Window Stories 1 Story Total Baths Unit1 1

    Property Features

    Actual Cap Rate 4.82 Annual Expense Actual 25916 Buildings 2 Gross Rent Multiplier Actual 13.9 Gross Scheduled Income Actual 86316 Tenant Pays ElectricityGas/Propane Unit Number For Unit1 1 Unit1 Rent Actual 6660.0 Water Meter On Property

    Listing provided courtesy of Le Investment Group. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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