Property Details

12669 Serrano Dr.
Yucaipa, CA 92399

Price
$685,000
GRM
13.32  
GSI
$51,420  
NOI
$36,247  
CAP Rate
5.29  
Units
3  
Price/unit
$228,333  
Square Footage
3,600  
Price/sqft
$190  
Lot Size (sqft)
22,000  
Year Built
1977  

Property Description

Great opportunity to acquire a stabilized rental income stream. A total of 3 homes on one lot with very low operating expenses. Tenants individually pay for electric, gas and trash. Owner pays for water and septic pumping, which average about $1,480 total per year.

All three homes have brand new windows, paint, garage doors and HVAC units. 2 of the 3 homes have been completely remodeled with new kitchens, granite counter tops, custom cabinets, commercial flooring and tile and new bathrooms. Opportunity to raise rents and achieve a much greater return on investment. Property runs very lean on expenses ± 27-28% of gross income when self managing.


Unit Composition

QtyBedroomsBathrooms
32 Bedroom1.5 Bath

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