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322 E Main St

San Jacinto, CA 92583
  • $679,000
  • STATUS: ACTIVE
  • ON SITE: 105 Days
  • ID#: 240000090
$679,000
  • 7
    BEDS
  • 0.14
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

Welcome to a remarkable mixed-use property in the heart of San Jacinto, offering a spacious 3,255 square feet of building space on a generous 9,375 square foot lot. 4 residential units and 1 store front/office Currently fully occupied, the property generates a solid gross rental income of $82,800 per year, making it a great cash cow for savvy investors. The building underwent a complete transformation in 2021, being gutted and remodeled to modern standards, ensuring a fresh and attractive space for both residents and businesses alike. With a total of five restrooms, this property is thoughtfully designed for convenience and functionality. Whether you're envisioning a residential haven or a bustling business hub, this property is well-equipped to meet your needs. Zoned for Downtown Residential, the possibilities are endless, spanning from health services to a cozy neighborhood cafe. The prime location on a main thoroughfare ensures excellent visibility and accessibility, making it an ideal choice for a thriving business. Opportunities like this are a rarity in San Jacinto, and this property stands out as a unique gem. Take advantage of this opportunity to own a fully occupied, income-generating property with a proven track record. The seller's decision to purchase a larger building opens the door for you to step into a ready-to-perform investment. This gem is shown by appointment only with an accepted offer

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/146310474
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322 E Main St San Jacinto, CA 92583

  • Price: $679,000
  • Status: ACTIVE
  • On Site: 105 Days
  • ID#: 240000090
7
Beds
4
Baths
1
½ Baths
0.14
Acres
Neighborhood:
Riv Cty-San Jacinto (92583)
County:
Riverside
Area:
Riv Cty-San Jacinto (92583)
Property Description
Welcome to a remarkable mixed-use property in the heart of San Jacinto, offering a spacious 3,255 square feet of building space on a generous 9,375 square foot lot. 4 residential units and 1 store front/office Currently fully occupied, the property generates a solid gross rental income of $82,800 per year, making it a great cash cow for savvy investors. The building underwent a complete transformation in 2021, being gutted and remodeled to modern standards, ensuring a fresh and attractive space for both residents and businesses alike. With a total of five restrooms, this property is thoughtfully designed for convenience and functionality. Whether you're envisioning a residential haven or a bustling business hub, this property is well-equipped to meet your needs. Zoned for Downtown Residential, the possibilities are endless, spanning from health services to a cozy neighborhood cafe. The prime location on a main thoroughfare ensures excellent visibility and accessibility, making it an ideal choice for a thriving business. Opportunities like this are a rarity in San Jacinto, and this property stands out as a unique gem. Take advantage of this opportunity to own a fully occupied, income-generating property with a proven track record. The seller's decision to purchase a larger building opens the door for you to step into a ready-to-perform investment. This gem is shown by appointment only with an accepted offer
Exterior Features

Construction DrywallFrameLath/PlasterStucco Exterior Metal FenceNo LandscapingRV ParkingShuttersWood Fence Parking Spaces Roof Composition

Interior Features

Cooling Heat Pump Floor Coverings TileVinyl Floors Slab Heating Heat Pump Laundry Owned Sq Ft Of Improvement 3100 Stories 1 Story Unit Furnished2 No

Property Features

Actual Gross Scheduled Income 82800.0 Actual Operating Expense 4883.63 Assumable Finance 399000 Buildings 1 Existing Financing Conventional Financial Information Source Owner Gross Equity 195000 Gross Multiplier 8.3 Have all tenants in place Mandatory Remarks None Known Monthly Rent Total 6900 Motive Want buy bigger complex Short Sale No Special None Sq Ft Source Tax Record Terms CashCash to New LoanOwner May Carry 2nd Unit Number1 1 Unit Number2 2 Unit Number3 3 Unit Number4 4 Unit Number5 5 Unit Rent1 1160 Unit Rent2 1925 Unit Rent3 1565 Unit Rent4 1430 Unit Rent5 795 Unit Type ApartmentOther/Remarks Zoning DR

San Diego MLS logo Listing provided courtesy of Joe Corbisiero of Compass: 760-201-9252. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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