Under Contract

50292 Ramona

Cabazon, CA 92230

$915,000 $3,857/Mo

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Overview

Bed

Bath

5,750

Sqft

7,405

Sqft(Lot)

Description

RECENT PRICE IMPROVEMENT - 6.27% CAP RATE 7-Units + Single family home on separate APN. The property consists of a total of Five (5) separate APNs. 526-031-16, 526-031-17, 526-031-18, 526-031-19, & 526-031-006. Highlights: Strong yield with a current CAP Rate of 6.27% with a Pro Forma CAP Rate of 7.08% achievable through market rent adjustments / Current GRM of 10.27 with a Pro Forma GRM of 9.15. Community located at 50292–50330 Ramona Street, a well-located eight-unit multifamily property in Cabazon, California. Built in 1950, this single-story asset consists of seven detached buildings situated on a generous 0.72-acre lot, offering approximately 5,750 square feet of rentable living area. The unit mix features a variety of layouts well-suited for tenants seeking affordability and privacy, including five (5) one-bedroom one-bath units, one (1) two-bedroom one bath unit, one (1) two-bedroom one-bath single-family residence, and one (1) three-bedroom one-and-a-half-bath single-family residence. Most units are detached, providing residents with a more residential feel and reduced density compared to typical multifamily properties. Each unit is separately metered for gas and electricity, minimizing owner-paid utilities.

Property Details

Property Type : Residential Income

Price : $915,000

AD Id : 68232914

MLS Id : IV25250049

Lot Size : 7,405 Sqft

Living Area Size : 5,750

Year Built : 1941

County : Riverside

Subdivision: Fallbrook

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Cesspool,Septic Type Unknown
Heating Source

Central Has Heating

Building Information

Year Built: 1941 Building Area Total: 5,750
Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.17
Lot Size Source: Assessor Lot Size Square Feet: 7405

Listing Price Information

Original List Price: 915,000 Listing Contract Date: 2025-10-27
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 526031017

Rental Info

Lease Term: Negotiable Tenant Pays: Electricity

Other Property Info

Source Listing Status: Active Under Contract Source Neighborhood: 263 - Banning/Beaumont/Cherry Valley Directions: SOuth of 10 Freeway Source Property Type: Residential Income Area: 263 - Banning/Beaumont/Cherry Valley Property SubType: Apartment
Building and Construction

Property Age: 85 Common Walls: No Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Levels or Stories: One Building Total Stories: 1

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ByOwner last updated this listing 06/04/2026 @ 13:01

MLS: IV25250049 LISTED BY: WAYNE KRENTEL, LE INVESTMENT GROUP 909-256-7889 SOURCE: CRMLS