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Listing Details

Status
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On Site
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On Market
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MLS #
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School Ratings & Info

Description

BACK ON MARKET-BUYER REFUSED TO PERFORM!What a find! Cherry 6 unit set on 1.76 acres in Jurupa Valley. Great mix of units, including a large 3 bedroom/1.5 bath unit. Loads of palm trees line the property. Looks like a resort! In fact, the large rear lot contains around 200 palm trees worth thousands of dollars that will convey with property. Master metered, but owner bills back all utilities to tenants. Quiet, stable neighborhood in growing Jurupa Valley. 8.1 CAP at current rents (with vacant units rented)!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T19:34:59.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/117351795
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9478 Hastings Boulevard Jurupa Valley, CA 92509

  • Price: $1,100,000
  • Status: Active
  • Updated: 64 min ago
  • ID#: DW21106259
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Beds
0
Baths
0
½ Baths
1.76
Acres
1947
Built
Neighborhood:
251 - Jurupa Valley
County:
Riverside
Area:
251 - Jurupa Valley
Property Description
BACK ON MARKET-BUYER REFUSED TO PERFORM!What a find! Cherry 6 unit set on 1.76 acres in Jurupa Valley. Great mix of units, including a large 3 bedroom/1.5 bath unit. Loads of palm trees line the property. Looks like a resort! In fact, the large rear lot contains around 200 palm trees worth thousands of dollars that will convey with property. Master metered, but owner bills back all utilities to tenants. Quiet, stable neighborhood in growing Jurupa Valley. 8.1 CAP at current rents (with vacant units rented)!
Exterior Features

Lot Features Irregular LotLot Over 40000 SqftStreet Level Number Of Separate Electric Meters 1 Parking Features Assigned Parking Total 12 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 1 Common Wall Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Cap Rate 8.16 Common Interest None Community Features Suburban Contingency Inspection Only Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 1200 Gross Scheduled Income 106800 Inclusions 200 +/- Palm Trees Insurance Expense 2303 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 ExchangeSubmit Maintenance Expense 2500 Net Operating Income 89796 New Construction YN No New Taxes Expense 13750 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 2304 Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 6800 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 5340 Vacancy Allowance Rate 5 Water Sewer Expense 0 Water Source Public Zoning A-1

Listing provided courtesy of Tony Regazzi of Keller Williams Realty Brea/Fullerton


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T19:34:59.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
 
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Latrice Deluna Homes | The Orion Group
4533 MacArthur Blvd Ste 5074
Newport Beach CA, 92660