389 S Sheriff Avenue

    San Jacinto, CA 92583
    • $569,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: EV19233279
    UPDATED: 32 min ago
    $569,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,450
      SQFT
    • $165
      $/SQFT
    Type:
    Commercial
    Built:
    1970
    County:

    School Ratings & Info

    Description

    Great income units recently remodeled in 2014, currently, 100% leased. The commercial retail building sits on Main St. and consists of 2 suites: Suite (A) +/- 1,000 sf. currently leased at $800.00Suite (B) +/- 700 sf. currently leased at $ 610.00Triplex building located in the rear:Upstairs unit (1) +/- 750 sf. currently leased at $950.00Downstairs unit (2) +/- 500 sf. currently leased at $800.00Downstairs unit (3) +/- 500 sf. currently leased at $800.00Due to the recent remodel, the owner has been able to retain and renew most leases having a very low vacancy rate for the area. Some of the remodelings consist of the following: New Roof, New Paint, Granite countertops in the triplex, New AC units, new plumbing and electrical, ADA compliant bathrooms.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T17:31:57.457. 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 or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/99514633

    389 S Sheriff Avenue San Jacinto, CA 92583

    • Price: $569,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: EV19233279
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    3,450
    SQFT
    $165
    $/SQFT
    1970
    Built
    Neighborhood:
    Srcar - Southwest Riverside County
    County:
    Riverside
    Area:
    Srcar - Southwest Riverside County
    Property Description
    Great income units recently remodeled in 2014, currently, 100% leased. The commercial retail building sits on Main St. and consists of 2 suites: Suite (A) +/- 1,000 sf. currently leased at $800.00Suite (B) +/- 700 sf. currently leased at $ 610.00Triplex building located in the rear:Upstairs unit (1) +/- 750 sf. currently leased at $950.00Downstairs unit (2) +/- 500 sf. currently leased at $800.00Downstairs unit (3) +/- 500 sf. currently leased at $800.00Due to the recent remodel, the owner has been able to retain and renew most leases having a very low vacancy rate for the area. Some of the remodelings consist of the following: New Roof, New Paint, Granite countertops in the triplex, New AC units, new plumbing and electrical, ADA compliant bathrooms.
    Exterior Features

    Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features Gas & Electric Dryer Hookup Office Class B

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Multi-FamilyRetail Building Area Units Square Feet Building Status Existing Cap Rate 7.10 Country Us Current Use Comments Both Retail And Apartments Are Currently Fully ... Expense Year 2018 Gross Scheduled Income 47400.00 Insurance Expense 2100.00 Investment Property YN Yes Land Lease YN No Land Use Multi-FamilyRetail Laundry YN Yes Leasable Area Units Square Feet Lease Considered YN No Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 40362.00 Number Of Units Leased 5 Occupancy Occupied Operating Expense 7038.00 Property Sub Type Mixed Use Real Estate Tax Expense 1398.00 Residential Square Footage 1750 Retail Center Type Mixed Use Retail Square Footage 1700 Special Listing Conditions Standard Tax Annual Amount 1398.00 Tax Rate 1.10 Tax Year 2018 Total Building NRA 3450 Total Expenses 7038.00 Total Monthly Rent 3950 Trash Expense 1320.00 Water Sewer Expense 2220.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Daniel Richards of Kw Commercial Inland Empire


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T17:31:57.457. 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 or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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