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715 B St, Ramona, CA 92065
0 Beds
0 Baths
n/a sqft

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DRAMATIC PRICE REDUCTION! Neighbor at 733 B St. is also for sale by same family. Seller has put almost $300k into massive rehab over past year including new fixtures, lighting, flooring, paint and water heaters. All units have washer/dryer hook-ups which generate extra rent. Each unit has individual water heaters. Tenants pay to heat their own water. New energy efficient appliances save tenants money. All units have private balconies and/or large private yards. Adding garage doors to carports could boost income even further. Maxable, adu consultants, think six units could be added because of density bonus law. Seller paid salaries to four staff to service four Ramona assets. New buyer does not need a resident manager, but might pay for a porter. Sewer, fire protection & other are collected via property tax billing. Lenders may require for first year reserves of 12 month principal and interest payment(buyer posts that extra money for first year and then gets remainder back after first year).
  • Price:
  • $3,199,000
  • Listing ID #:
  • 200007252
  • Street Address:
  • 715 B St
  • City:
  • Ramona
  • State:
  • California
  • Postal Code:
  • 92065
  • County:
  • San Diego
  • Listing Status:
  • Pending
  • Construction Description:
  • Frame, Stucco
  • Number Of Units:
  • 14
  • Total # Of Buildings:
  • 2
  • Type Of Roof:
  • Composition
  • Unit Total # Of Garages:
  • 20.00
  • Annual Insurance Expenses:
  • 3888.00
  • Annual Maintenance Expenses:
  • 12845.00
  • Annual Trash Expenses:
  • 2900.00
  • Annual Water/Sewer Expenses:
  • 22173.00
  • Expenses:
  • 105930.00
  • Net Operating Income:
  • 158960.00
  • Operating Expense:
  • 105930.00
  • Days On Market:
  • 149
  • Previous Listing Price:
  • 3525000.00
  • Parking Spaces:
  • 20.00
  • Cooling System:
  • Wall/Window Unit(s)
  • Has Central Air Conditioning:
  • 1
  • Heating:
  • Wall Furnace
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Terry Moore of Apartment Consultants (: 00918512)
  • CRMLS

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