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Tim Freund

tim@1000oaksrealestate.com +1(805) 427-3008

Listed by Joe Morrison • West Shores Realty, Inc.

$ 1,680,000

Est. payment -/mo

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Active Under Contract

3295 Rubidoux Jurupa Valley, CA 92509

4,400 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,400 sqft

Price per Sqft $381

MLS Listing ID OC-26103806

Style Bungalow

Year Built 1980

Lot Size 0.420 Acres

Property Sub-Type Apartment

Source California Regional Multiple Listing Service (CRMLS)

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

Laundry Common Area, Community, Individual Room, Inside

Exterior

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

Garage Spaces 10.0

Pool None

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

View Y/N No

View None

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

Tim Freund

+1(805) 427-3008

Tim Freund

3295 Rubidoux Jurupa Valley, CA 92509

Key Details

Location

Interior

Exterior

Building

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3295 Rubidoux