34455 Wildwood Canyon Road

    Yucaipa, CA 92399
    • $659,000
    • STATUS: Active
    • ON SITE: 145 days
    • ID#: 18389718
    UPDATED: 21 min ago
    $659,000
    • 0
      BEDS
    • 1.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,273
      SQFT
    • $201
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1983
    County:

    School Ratings & Info

    Description

    A beautiful 4 unit property sitting on a massive chunk of land. The building is approximately 3273 sq feet and the lot is 1.19 acres. The rent on this property has been well below market due to longterm tenants and passive ownership. One unit will be delivered vacant which will create the opportunity to quickly increase cash flow. Property is a great value add opportunity. While units are in great shape, they could definitely use some modernization or upgrading which will increase potential market rent. The front unit is a beautiful 2 bedroom 2 bath unit which is separate from the other 3 units.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T18:30:02.89. 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. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/87895042

    34455 Wildwood Canyon Road Yucaipa, CA 92399

    • Price: $659,000
    • Status: Active
    • Updated: 21 min ago
    • ID#: 18389718
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.19
    Acres
    3,273
    SQFT
    $201
    $/SQFT
    1983
    Built
    Neighborhood:
    269 - Yucaipa/Calimesa
    County:
    San Bernardino
    Area:
    269 - Yucaipa/Calimesa
    Property Description
    A beautiful 4 unit property sitting on a massive chunk of land. The building is approximately 3273 sq feet and the lot is 1.19 acres. The rent on this property has been well below market due to longterm tenants and passive ownership. One unit will be delivered vacant which will create the opportunity to quickly increase cash flow. Property is a great value add opportunity. While units are in great shape, they could definitely use some modernization or upgrading which will increase potential market rent. The front unit is a beautiful 2 bedroom 2 bath unit which is separate from the other 3 units.
    Exterior Features

    Carport Spaces 4.00 Lot Size Dimensions A1.19 Lot Size Source See Remarks Parking Features Covered Parking Parking Total 4.00 Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling None Cooling YN No Laundry Features None

    Property Features

    Cap Rate 6.38 Country Us Garage Rental Rate 200.00 Gross Multiplier 13.78 Gross Operating Income 54000.00 Improvements Amount 305000 Land Lease YN No Land Value 130000 Laundry YN No Net Operating Income 47467.00 Property Condition Building Permit Special Listing Conditions Standard Total Actual Rent 29294.00 Total Expenses 4900.00

    Listing provided courtesy of Kenneth Taitt of Taitt Real Estate Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T18:30:02.89. 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. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024