Joe Cloninger

Partner, Sales/Marketing License ID: 01954784

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$ 700,000

$ 775,000 9.7%

Est. payment | -/mo

7 Beds

6 Baths

3,642 SqFt

$ 700,000

$ 775,000 9.7%

Est. payment | -/mo

7 Beds

6 Baths

3,642 SqFt

Key Details

Sold Price $700,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,642 sqft

Price per Sqft $192

Subdivision Rancho Ramon

MLS Listing ID 219149576DA

Sold Date 09/30/26

Style Traditional

Bedrooms 7

Full Baths 6

Construction Status Fixer, Repair Cosmetic, Updated/Remodeled

Year Built 1986

Lot Size 9,583 Sqft

Property Sub-Type Multi-Family

Property Description

Phenomenal investment opportunity! This massive corner-lot triplex features a total of 7 bedrooms and 6 bathrooms across three highly rentable floor plans, consisting of one 3-bedroom, 2-bathroom unit and two 2-bedroom, 2-bathroom units. The two-bedroom units feature beautifully updated kitchens and bathroom cabinetry, saving you time and renovation costs. Maximize your net operating income with individual utility metering and enjoy low tenant turnover thanks to premium amenities including private 1-car garages, large patios, and in-unit laundry for each unit. The property is delivered entirely vacant, allowing you to place qualified tenants at current market rates immediately without dealing with legacy rent controls or leases. This property is turnkey, low-maintenance, and ready to cash flow from day one!

Location

State CA

County Riverside

Area Cathedral City South

Rooms

Kitchen Remodeled, Tile Counters

Interior

Interior Features Living Room Deck Attached, Open Floor Plan

Heating Central, Natural Gas

Cooling Air Conditioning, Ceiling Fan, Central, Electric

Flooring Carpet, Tile, Vinyl

Equipment Ceiling Fan, Dishwasher, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Water Line to Refrigerator

Laundry Laundry Area, Room

Exterior

Parking Features Assigned, On street

Garage Spaces 8.0

Community Features Community Mailbox

View Y/N Yes

View Mountains

Roof Type Other, Tile

Building

Lot Description Landscaped, Street Public, Utilities Underground

Story 2

Foundation Slab

Sewer In Connected and Paid

Water Water District

Architectural Style Traditional

Structure Type Stucco

Construction Status Fixer, Repair Cosmetic, Updated/Remodeled

Others

Special Listing Condition Standard

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Listed by Equity Union
Bought with Beverly Hills Fine Homes