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Nicole Darwin

nicole.darwin@engelvoelkers.com +1(707) 330-4357

$ 1,680,000

Est. payment -/mo

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Price Dropped by $100K

3295 Rubidoux Jurupa Valley, CA 92509

0.42 Acres Lot

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26103806

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1980

Lot Size 0.420 Acres

Property Sub-Type Apartment

Property Description

Attention agents… Look forward to showing this spacious, nearly 1/2 an acre, (8) unit garden style apartment building. Two parking spaces in front of a single-story unit with a large rear yard area. Long-term tenants with a 7 1/4% cap return and additional upside. Most of tenants pay by direct deposit balance pays to dropbox in laundry room. These rents can be picked up when emptying building owned speed Queen Laundry machines. **($157,860 income yielding a 7.25% cap return on no deferred maintenance asset)** Within the last 4 to 6 years building has been ***re-piped in PEX including new Moen fixtures, new tubs, new showers, toilets, water, heaters, shut offs, and hose bibs. ***PELLA dual glazed windows installed throughout*** Metal exterior entry doors and weatherstripping, jambs and hardware. *** raised panel interior doors with new farm style casing, baseboards, and trim. ***new closet, interiors with high low shelving and sliding mirror doors *** openable, and retractable window, blind coverings *** lockable mailboxes recently added. *** solid wood kitchen cabinets with full extension drawer glides/pantries/remodels. *** over the range microwave, dishwashers gas oven/cooktop. *** new rear metal doors with openable window or blinds that opens to recently slurry coated patio area and new wood fencing. *** electrical sub-panels upgraded, new childproof Decora plugs, GFI's and LED fixtures. ***Exterior of building, porches, handrails, and wrought iron fencing recently painted.
Five of eight units have completely new interiors, three units with updated interiors. Entire parking lot area was recently slurry coated, and re-striped. Avocado and citrus trees are there for tenants enjoyment. >>> (the five storage containers available at $160 per month each and the income is included in the gross scheduled income)<<< (Offers subject to cancellation of existing escrow)

Location

State CA

County Riverside

Area 251 - Jurupa Valley

Interior

Interior Features Block Walls, Unfurnished

Heating None

Fireplaces Type Family Room, Kitchen

Fireplace Yes

Appliance Built-In Range, Gas Oven, Gas Range, Gas Water Heater

Laundry Common Area, Inside, Laundry Room

Exterior

Parking Features Asphalt, On Site, Off Street, One Space, Uncovered

Garage Spaces 10.0

Garage Description 10.0

Fence Block, Wood, Wrought Iron

Pool None

Community Features Biking, Curbs, Dog Park, Foothills, Golf, Hiking, Horse Trails, Park, Sidewalks

View Y/N No

View None

Roof Type Asphalt

Total Parking Spaces 10

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Foundation Block, Concrete Perimeter, Pillar/Post/Pier, Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories One

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 179093020

Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s)

Energy Description 250.0

Acceptable Financing Cash to Existing Loan, Owner May Carry

Listing Terms Cash to Existing Loan, Owner May Carry

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Joe Morrison West Shores Realty, Inc. 949-933-5486, DRE #01434414

NEARBY SCHOOLS & PROPERTIES

Nicole Darwin

Advisor

+1(707) 330-4357

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