List Search

50292 Ramona St
Cabazon, CA 92230

$950,000 USD

Apartments For Sale  •  5,750 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,750 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1950
  • Zoning MIX
0 Transit Score
27 Walk Score

Highlights

Strong yield with a current CAP Rate of 6.00% with a Pro Forma CAP Rate of 6.77% achievable through market rent adjustments.
Current GRM of 10.27 with a Pro Forma GRM of 9.15
Seven detached buildings situated on a 0.72-acre lot with approximately 5,750 rentable SF
Tenants pay gas and electricity, reducing landlord utility exposure
Located in Cabazon, CA, benefiting from proximity to I-10, Morongo Casino, and Cabazon Outlets, drawing consistent workforce housing demand
Large 0.72-Acre Parcel, offering potential for outdoor improvements or repositioning strategies. Five (5) separate APNs.

Public Transportation

AirportDriveWalkDistance
Palm Springs International 25 min - 20.6 mi
Anthony Le 714-423-3819 Le Investment Group
Anthony Le 714-423-3819 Le Investment Group