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Key Details
Sold Price $530,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV22150392
Bedrooms 5
Lot Size 5,400 Sqft
Property Description
PRICE JUST REDUCED! Great Investment Property! You can either rent out both the main house AND the back studio unit OR live in the main house and get income by rent out the back unit! The main house is about 1,300 sf including 4 bedrooms and 2 baths. The back unit is a 300 sf studio with its own bath. Washer/dryer hookups are in the back of the studio separated and shared by all. Both the main house and back unit have been rentals for years and tenants have been notified of the sale and are cooperative in moving out on time. The large backyard provides enough space and shade for all family gatherings. Living space square footage includes 2 additional bedrooms without permit; the back unit is a detached garage converted to a studio with its own bathroom without permit. Current market rental rate for the 4-bedroom main house is around $2,500 while the back unit at $800. Close to schools, shopping center & grocery store. Easy access to freeways. A rare investment opportunity and it won't last! This is an AS IS sale and square footage not taped so Buyer to verify and satisfy themselves.
PRICE JUST REDUCED! Great Investment Property! You can either rent out both the main house AND the back studio unit OR live in the main house and get income by rent out the back unit! The main house is about 1,300 sf including 4 bedrooms and 2 baths. The back unit is a 300 sf studio with its own bath. Washer/dryer hookups are in the back of the studio separated and shared by all. Both the main house and back unit have been rentals for years and tenants have been notified of the sale and are cooperative in moving out on time. The large backyard provides enough space and shade for all family gatherings. Living space square footage includes 2 additional bedrooms without permit; the back unit is a detached garage converted to a studio with its own bathroom without permit. Current market rental rate for the 4-bedroom main house is around $2,500 while the back unit at $800. Close to schools, shopping center & grocery store. Easy access to freeways. A rare investment opportunity and it won't last! This is an AS IS sale and square footage not taped so Buyer to verify and satisfy themselves.
Location
State CA
County San Bernardino
Area Riv Cty-Colton (92324)
Zoning Appraiser
Interior
Cooling Central Forced Air
Building
Lot Description Curbs
Story 1
Others
Acceptable Financing Cash, Conventional, Exchange
Space Rent $28,560
Listing Terms Cash, Conventional, Exchange
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Bought with PHILIP CHANG • DYNASTY REAL ESTATE
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